Episode Details

Hong Kong-based hedge fund Long Corridor Asset Management recently invested $11.75 million in Pitney Bowes, acquiring 1.12 million shares. This new position represents 3.79% of their reported assets under management and is now worth $12.38 million. Pitney Bowes, a logistics and tech services provider, has seen its shares surge 73.6% over the past year, outperforming the S&P 500 by 45.89 percentage points. The companys financials are strong, with revenue of $1.88 billion, net income of $167.41 million, and free cash flow of $382 million, up from $150 million last year. Operating margins have improved to 26% from 16%, driven by deals with ecommerce giants and government contracts. Despite the recent run-up, Pitney Bowes trades at a 15 times price-to-earnings ratio, below the markets 32 times average, making it an attractive value play for investors.

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