Another brokerage initiated coverage at Mkt. Perform - a killer rating in a down market. The PE looks high to a lot of people in this kind of market, so the shorts are having a ball. Lack of a split announcement - also a negative. People are still skeptical about ability to continue growth. And not just PAYX. MBNA (KRB) is the premier credit card company in the world, has delivered 25% growth over 41 straight quarters and only carries a 21 multiple. I love PAYX and am a long-time holder, but is it worth 2 1/2 times MBNA's multiple? Just some things to consider.
Hey, I have been with PAYX for 4 years and made some good money. It has never been an issue what the brokerage GURUS hav said about PAYX. The stock has gone up when they said is bad and down when they have said is bad. If you buy and sell it you will get use to it. All these genious have alwaysc complained about the ratios. The company will not go to the drain in the next 20 years or so. Buy now that is low. I just bought 1000 at 35.9 I am not selling it. It is 34 then buy as much as you can afford. It will go to 39 in 3 or 4 days. Have fun and enjoy the ride.
Paychex is so over-valued that you are only looking at the beginning of a long overdue correction. You're not at an amusement park here pal so you better take a very serious look at what's going on. "Have fun and enjoy the ride"