Greystone Capital Q2 2026 Letter To ClientsPitney Bowes (PBI) is a top five position, viewed as a mispriced, durable niche industrial with significant upside and ongoing strategic review. I prioritize neglected, fundamentally strong businesses over popular, high-multiple AI trades, focusing on unit economics and management alignment for long-term outperformance. PBI's turnaround under new management, aggressive buybacks, and potential asset monetization support a valuation well above current prices, with a 15% free cash flow yield.
Seeking Alpha8/3/2026Positive