Stamps.com 2009 Annual Report Download - page 24

Download and view the complete annual report

Please find page 24 of the 2009 Stamps.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

TABLE OF CONTENTS
Stock Performance Graph
The information contained in this section shall not be deemed to be “soliciting material” or “filed” or incorporated by
reference in future filings with the Securities and Exchange Commission, or subject to Regulation 14A or 14C, or to the
liabilities of Section 18 of the Exchange Act, except to the extent that we specifically incorporate it by reference into a document
filed under the Securities Act or the Exchange Act.
The following line graph compares the cumulative total return to stockholders of our common stock from December 31,
2004 to December 31, 2009 to the cumulative total return over such period of (i) NASDAQ Market Index and (ii) Morgan
Stanley Internet Index, an equal-dollar-weighted index composed of 23 leading companies involved in Internet commerce,
service and software. The graph assumes that $100 was invested on December 31, 2004 in our common stock and in each of the
other two indices and the reinvestment of all dividends, if any.
The graph is presented in accordance with SEC requirements. Stockholders are cautioned against drawing any conclusions
from this data, as past results are not necessarily indicative of future performance.
Holders
As of February 28, 2010, there were approximately 843 stockholders of record and 14,287,786 shares of our common stock
outstanding.
Dividend Policy
We did not pay any dividends during 2009, 2008 and 2007. Future declaration and payment of dividends will be in the
discretion of our Board of Directors and will be dependent upon our future earnings, financial condition and capital
requirements.
Company/Index
Base
December 31,
2004
Year Ended December 31,
2005
2006
2007
2008
2009
Stamps.com Inc.
$
100.00
$
144.95
$
99.43
$
76.89
$
62.06
$
56.82
NASDAQ Market Index
$
100.00
$
101.37
$
111.03
$
121.92
$
72.49
$
104.31
Morgan Stanley Internet Index
$
100.00
$
100.81
$
110.31
$
146.23
$
79.11
$
154.78
20