Stamps.com - the worst stock ever? Today I'm going to talk about what I consider to be one of the most awful investments you can make, Stamps.com (STMP). Let me disclose right up front that I do not own, nor have I ever owned, any positions in this stock. Stamps.com, on the outside, looks like a decent growth prospect. They have no debt, a quarterly growth rate of 42% yoy, and a forward P/E of 19.80. They've came a long way since IPO. However, their dream of continued growth will never be realized, because look at this: http://www.usps.com/onlinepostage/welcome.htm?from=home&page=onlinepostage The United States Postal Service finally caught up with them and started selling postage online themselves! Who'd have thought? This is just a bubble waiting to burst my friends, and personally, I am kicking myself for not buying some Puts back in late April when it reached a high of 39. How it got that high in the first place I have no clue, and its come crashing down to 19 since then. But I think it has a ways to go still. Chances are Stamps.com will be in the 10-15 range by the end of 2006. Article written by: Phil McCallister Article posted on: August 8th, 2006