Stocks with no bad news to report -- Stamps.com (NASDAQ:STMP), for example -- got hit as hard as any others, and harder than most. In fact, enduring a 10.8% drop in share price, Stamps' loss was nearly three times as bad as the Nasdaq's at large.
And that's OK.
There was, after all, no bad news released Monday that was particular to Stamps.com -- "just" bad news for stocks in general, and for the global economy in general.
After the sell-off, this parcel shipping company is still sitting pretty atop a Q4 earnings report that was much better than expected. It still has its partnership with UPS intact. It is also "continuing to promote the [post office's] services under ... partnerships with the [latter's] resellers." And all of this business is going well enough that Stamps.com still expects to earn between $4 and $5 per share this year -- well above the $3.23 per share Wall Street had been expecting.
None of the above has changed. What has changed is that after surging 65.5% on Thursday, and 10.4% more Friday, today Stamps.com gave back Friday's gains, and a bit of Thursday's.
That still leaves Stamps.com stock worth an astounding 63% more that it cost before earnings came out three days ago. And that's still something its shareholders can be happy about.