Shopify and Stamps.com Rise on Buyout Speculation
Will we soon be buying postage stamps from Shopify (NYSE: SHOP)? Citron Research very much thinks so; it believes the retail tech solutions company will purchase Stamps.com (NASDAQ: STMP).
Citron, the often highly critical stock-commentary site, explained its reasoning in a tweet posted Monday morning. "Valuation gap has never been larger. On [forward 12-month] EV/Sales, [Shopify] at 44x vs. [Stamps.com] at 6x and [Stamps.com] is the proven leader in online postage... the essential tool for small biz not owned by [Shopify]," Citron wrote.
Image source: Getty Images.
Source Fool.com
