Vancouver, B.C., Canada (April 6, 2011) Clearlease.com Reports Pitney Bowes (NYSE:PBI) closed Tuesday’s favorable trading session at $25.23. In the past year, the stock has hit a 52-week low of $19.06 and 52-week high of $26.15. Pitney Bowes stock has been showing support around $24.98 and resistance in the $25.42 range. Technical indicators for the stock are Bullish and S&P gives PBI a neutral 3 STARS (out of 5) hold rating. For a hedged play on this stock, look at the Jul ’11 $25.00 covered call for a net debit in the $24.13 area. That is also the break-even stock price for this trade. This covered call has a duration of 108 days, provides 4.36% downside protection and an assigned return rate of 3.61% for an annualized return rate of 12.19% (for comparison purposes only). Pitney Bowes has a current annual dividend yield of 5.88%.
Transformation
Pitney Bowes has undertaken a strategic transformation process designed to create long-term flexibility to invest in future growth. It is currently completing the diagnostic phase of this project and is analyzing a wide range of opportunities for process and operational improvements in areas such as global customer interactions and product development processes. Michael Monahan is Executive Vice President and Chief Financial Officer. In this role, Mike has responsibility for the financial operations of the company on a global basis. This includes treasury, audit, investor relations, corporate development, tax functions and driving results with the business units. In May of 2007 Mike took on management of the Mailstream Solutions and Services – Americas business. This included North and South American operations for the core mailing business in addition to the Mail Services portfolio. The group represents more than 1.3 million customers, over two billion dollars in annual revenue, and greater than 50% of the company’s earnings. Mike oversaw the consolidation of multiple business groups into a single business and initiated a focused program to improve the customer experience.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###