jspaur
Joined 14 years ago
Joined 14 years ago
This has some interesting side effects to things such as the S&P 500 (http://www.forbes.com/sites/investor/2014/04/02/google-moves...)
I completely agree that SPD is petrified. I've live/worked in downtown Seattle for a while - and while I think some of the 'scaryness' is overblown, it's hard not to see a change in the trend over the past few years.
Full on competition? No. But better than a wide majority of cities? Yes. (Try living in Florida...ugh)
(http://seattletimes.com/html/localnews/2021614421_downtowncr...)
Additionally securities like MSFT, you can comfortably get 'aggressive' through call writing, and juice returns a little more without your risk metrics being outside your targets.
That being said, one thing we've seen, is as companies have invested more and more in digital delivery, they've 'de-invested' in their physical print & mail production, so it makes a lot of off load it to a S(oftware)+S(ervices) model.