There are a lot of dividend investors looking to pick up SingPost at a lower price. Current price of $1.03 is near the price that I got vested last year.
At InvestmentMoats.com, we mentioned that we think SingPost’s main business is declining.
We find that this could be a good read to contrast against Singpost’s declining mail volume as well.
- USPS Business Model is so broken that it is collapsing
- With the rise of e-mail and the decline of letters, mail volume is falling at a staggering rate
- It relies on first-class mail to fund most of its operations, but first-class mail volume is steadily declining—in 2005 it fell below junk mail for the first time. This was a significant milestone. The USPS needs three pieces of junk mail to replace the profit of a vanished stamp-bearing letter
- USPS has been unable to cover its annual budget, 80 ...
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