Today, Fool.com producer Austin Smith looks at Pitney Bowes, a company that looks increasingly cheap on paper and has a great dividend to boot -- but the company's valuation can be misleading.
Right now, Pitney Bowes is priced for marginally lower earnings going forward, but with a defaulting post office and cheaper alternatives, earnings could quiet down a bit faster than analysts are projecting.
Instead, you should consider more stable dividends like The 3 Dow Stocks Dividend Investors Need. Uncover these top picks absolutely free -- just click here to read more.
