I'm thinking to sell my BR and keep ADP. ADP seems situated for improved growth with a higher pe. BR might perform in a year or two after establishing their name and a plan for growth. Really, I just don't know enough about BR's business.
BR is already established. They have a long list of customers and a track record. The seperation from ADP will let them expand in areas where ADP didn't want to go. On March 16th, ADP mailed out a thichbooklet that explains all about Broadridge and their business. I know it's a lot of paper, but give it a read. You may learn that you will want to keep your BR stock.
As for me, I'm rounding up my position (READ: Buying) and I plan to keep this spinoff for the forseeable future.
Again, this is just my opinion, feel free to sell. I'm just curious, what are you planning to do with the profit? Buy more ADP?
I got into this 1 in the early 90's as FODEX, It became Ricx, and now it is NTRZ. I had a friend who started the company and he invited me into a PP to get it started and I bought. Just a carryover from less enlightened times. I'm holding because CEO has committed to 50m revenue in 07 with a run rate of 70m. I believe I'll do all right with it and at this point I've sold enough to get all my origonal investment out.
I've never been 1 to completely drain a position but I decided to lighten up and sold 500 shares. Unfortionatly, I should have done it yesterday. The sale was at 19.17. There is no action on options as of yet and that is my main thrust