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Paychex, Inc. Message Board

  • captnhairpiece captnhairpiece Aug 1, 2013 4:21 PM Flag


    Do you people not understand stocks? You dont' want splits. It means more shares are outstanding and is only pyschological. You want buybacks and dividend increases. Buybacks reduce the number of outstanding shares and make your shares worth more. Stop asking for splits people. With that said, usually split around 50-60 per share, but again, you dont' want it to split unless there are very little shares out to make it more liquid. Push for buybacks and increases. With rates going higher and employment increasing this is a great stock.

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    • Good point but there is plenty of research that shows stocks (generally) rise after shares split. I think most people understand that nothing fundamentaly changes after a split but it does signal good performance and thus the price rises. I think we're still a little ways off from 50-60 a share but with improving (slowly albeit) employment it should bode well for PAYX.

    • I agree with all of your points and I try to buy a little bit of PAYX every month. However, PAYX has a history of splits so I expect this to continue and although I know stocks splits are all BS a lower stock price is more retail friendly and this stock has a tendency to eventually return back to pre-split level. We have had a long stretch of being in a very tight trading range for all of the points you have made I think we can finally move higher and split.

      Sentiment: Hold

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