Stamps.com Has Too Much Cash
from the if-only-we-all-had-these-problems dept
One thing you don't often see these days is complaints from dot coms that they have too much cash, but that's exactly what Stamps.com is claiming. They have $213 million in cash, a valuation of $137 million, and they're only burning about $2 million a month. They're trying to figure out what to do with all that cash, and they might end up giving it to shareholders. Maybe they should throw a big party. There haven't been any hugely wasteful dot com parties in a long time.
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Surprising
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stamps.com extra cash source
I used stamps.com for the first time 12/17/05 to print about $32 in postage, but had a lot of printing label errors I had to put $95 into my stamps.com account to make up for $50+ errors in labels that I printed. They have the extra income because they have many users unrefunded unused postage. The postage I used was only $32.00. They get to keep the refunds for 4-6 weeks, that is if they get the correct paperwork. This may not sound like a very good reason for stamps.com having all that extra income but I think it should be considered, there is no easy way to get refunds from stamp.com.
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Stamps.com and too much cash
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