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Highest Level of Cash in the Office Services & Supplies Industry Detected in Shares of Pitney Bowes (PBI, SCS, MSA, MLHR, HNI)

By James Quinn

Below are the three companies in the Office Services & Supplies industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Pitney Bowes ranks highest with a CE of $803. Steelcase is next with a CE of $266. Mine Safety Appliances ranks third highest with a CE of $106.

Herman Miller follows with a CE of $92, and HNI rounds out the top five with a CE of $39.

SmarTrend recommended that its subscribers protect gains by selling shares of HNI on January 17th, 2017 by issuing a Downtrend alert when the shares were trading at $51.29. Since that call, shares of HNI have fallen 11.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest level of cash pitney bowes steelcase mine safety appliances herman miller