Stamps.com (STMP) Tops Q2 EPS by 26c
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Growth of ecommerce pushes funds into small-fry shipping firms
August 6, 2015 12:02 PM EDTBy David Randall
NEW YORK (Reuters) - Forget Amazon and its out-of-this-world share price.
Instead, U.S. mutual fund managers are turning to small-scale shipping companies such as Stamps.com Inc (NASDAQ: STMP) and Pitney Bowes Inc (NYSE: PBI) as a backdoor way into the growing $334 billion e-commerce market.
Funds from firms including T. Rowe Price, Lord Abbett and Royce Capital were among the 28 that added Stamps.com to their portfolio in their most recent quarter, a 250 percent jump from the quarter before, according to... More
