The numbers don't lie. The black and white of it all is that this stock has been riding high for quite sometime now. Another thing to consider is what might happen to this stock if Mr. Gosliano ever decides to start cashing in some of his enormous portfolio (He's wealthy but certainly no spring chicken). It's P/E is still outrageously high and many investors need to face the reality of the situation now and inevitably, to come.
Sir:PAYX P/E has been high for the last Five years now.In regard's to the stock price the earnings report this last 3Q are very good.So if the CEO starts to cash in the earnings will continue to give the stock merit.
PAYX grows earnings somwhere near 100% over last qtr, sequentially around 25%-30%. 57 p/e is high?... Also, a smaller company will have a higher growth rate than its bigger competitor. Keep trying ....
I have always been concerned about the high pe. I dont even worry answering the shorts who always act like they have just discovered something. As a long, my overall pe is very low as is most of the longs on this board. Some here have an average cost of less than $8. sh!
I think that as payx matures(years from now), and the growth starts slowing down, the pe will gradually correct to being a more reasonable number. I just dont see a fast correction unless something bad happens. As of today, payx is doing the things that it has been doing to make itself successful.