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Paychex, Inc. Message Board

  • conounknown conounknown Sep 24, 2009 3:23 PM Flag

    You Don't Get IT

    This company is going backwards,when they stop growing completely ADP will buy and that's the story ,put your money in something else ,without interest income no growth, small business gone ,most clients can't afford service why stay in this stock???????????

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    • ....."most clients can't afford service why stay in this stock??????????? "

      Payroll fees are the smallest fees they pay for anything and almost irrelevant...if they (small biz)are challenged by their payroll fees than they have bigger issues. Dumb post...

    • Just wait until the January results come out....going to be ugly in my opinion.

      Look at the book value of PAYX and tell me why this is good investement when it is shrinking??? The little payroll companies can do just as good of a job or better for a much lower price. They have been sprouting up over the last decade and now they are known names people trust. The bigger problem was the price war ADP and PAYX had over the last year ripping into their margins. The bar has been set low and most business owners are not going to be buying a high priced payroll provider.

      PAYX has an old business model and a mix match of technology that needs to be patched together.

      PAYX will need to get rid of their Payroll Specialists and invest into a better online payroll system. The only thing I see happeneing here over the next few years is downsizing, trimming expenses, and changing their business products/software to be more user friendly. They need to change, it is not 1980 anymore and they can not run the same business model.

      and the dividend....I don't care what the analysts say. My call is that it gets cut in half at least within the next year.

      All in my opinion, this is not a buy or sell recomendation.


    • No ADP will not buy them. ADP already has too much debt. PAYX simply needs to go global.
      Thats it!

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