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Stock Market & Financial Investment News

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December 4, 2013
07:54 EDTVCIValassis earnings could be pressured by postage hike, says FBR Capital
FBR Capital notes that the Postal Rate Commission is expected to make a decision by December 25 on the United States Postal Service's request for a 1.6% CPI-based postage increase plus an additional 4.3% exigency increase. FBR thinks the odds of approval are greater given the lack of political will to deal with postal reform and the weakened financial condition of the USPS. The firm believes the proposed rate hike, if approved, would likely pressure Valassis' shared mail volume and earnings in 2014.
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