![]() ![]() In this macro environment, subscription revenue streams have become even more desirable due to the ease of planning cash flow and the reliability of low-churn customers. Here is my full long-term bull case for Dropbox: In addition, a new "Dropbox Dash" search function uses AI to point users toward recommended content and organize links into a single dashboard. New file preview technology helps users get quick summaries of content without having to parse through entire files. It's worth noting as well that Dropbox has some product-driven catalysts for growth, including and especially in the applications of AI technology. Though certainly no longer an exciting tech stock that is seeing explosive growth rates, Dropbox is making the transition to the later phase of a tech stock's lifecycle: growing profits, and justifying its valuation through earnings and cash flow. I see Dropbox as a category leader in enterprise collaboration and file sharing, and a sturdy company that has found a way to balance consistent growth rates alongside healthy margin expansion. I remain bullishon Dropbox and continue to hold onto the stock in my portfolio, and am raising my price target through the end of the year. And though Dropbox is now trading at highs not seen since 2021, I'd argue the stock has long been undervalued and has plenty of runway left to rally further.ĭata by YCharts Dropbox's bull case rests on strong cash flows The file sharing software company saw a 6% post-earnings pop, bringing its year-to-date gains above 20%. As interest rate fears cool down and investors wade back into risk-taking, Q2 fundamental results (which are turning out more beats than misses across the board) are hoping to prove that the rebound is justified.ĭropbox ( NASDAQ: DBX) had a strong showing in Q2. Last month we were getting calls asking about stuff the customer returned with QR codes in December that Amazon was re-charging them for asking if we kept receipts on file because they had lost theirs.Earnings season is in full swing and putting a strong test to tech stock rallies. At our store we suggest writing what was returned on the receipt and taking a picture of it in case you lose the hard copy because we can't reprint those receipts. The receipt is your only proof it was sent back and they can't be reprinted. They give you a refund quickly but sometimes stuff gets missed being checked back in to the warehouses or they haven't gotten to the box at all yet and they will email you saying they don't think they got it back and are going to recharge your account if you can't prove it was returned. ![]() Amazon's return warehouses are super backlogged, especially the ones that the returns you get the QR codes for go to. The numbers on the codes are also linked back to your return with Amazon.īut always get a receipt showing you dropped it off. The label has your information already and the code gives the UPS Store a label they can print for you that has your information on it. If the box is really big and we don't hear movement we override the consolidation and print a shipping label for it, but we try not to do it often because we get compensated less for a regular drop off package than when we consolidate them and it's roughly 75-80% of our businesses these days so we try to get as much money from them as we can.Īmazon gives you either a QR code or label when you process your return. You can box it if you'd like, but Amazon is literally paying us to take care of that for you if you want to save the box for a return that actually needs it.Įvery store is different, but at our store if it's a small item in a small box we put the consolidated label on it and stick it box and all into the bigger box (because we get slightly more from Amazon for doing it this way.) If we can hear a small thing rattling around in a larger box we take it out of the box, consolidate the item, and toss the box. That option means that whatever you're returning is going to be consolidated into a box with other returns heading back to the same warehouse. ![]()
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