Pitney Bowes jumps on positive pitch from Seeking Alpha contributor
Pitney Bowes (NYSE:PBI) gains 40% after a Seeking Alpha contributor writes that the stock is "significantly" undervalued vs competitors and a break up or sale of company would unlock value.
Expects PBI's global e-commerce business to be profitable for first time ever when earnings are released on Feb. 2.
Highlights that Legendary investor Bill Miller owns PBI and believes e-commerce segment on a standalone basis is worth 12/share, citing 3Q Miller investor letter.