Looked like a nice bounce off of $46. That could have been the bottom. Let's hope. I doubled down just under $48 a couple days ago. Will add more if it goes to $40. One thing on the dividend. Companies that cut it, got a nice pop on their shares.
Man, this is painful. Bought low $70's and loved the pop in the $80's, but thinking this bottomed at book value a few weeks back. Not sure to pull out now or wait until $40's and add more. In retirement account so I can't write off the loss. Long term should be fine, but would be very encouraged to hold if insiders were buying, or if they started to acquire. The big question is how long is LONG term??? At least the upcoming dividend reinvest will help out a little.
Better than anticipated employment (Great for Payx) and an increase in the interest rate (Great for Payx). This should be up $2 today.
Sentiment: Strong Buy
You heard it here first. It's getting tougher and tougher to grow without major purchases. So either he picks up some depressed stocks like NOV or similar depressed energy stocks and cheaper foreign stocks, or he will have to start paying out dividends. I plan on re-investing them if that is the case. Congrats longs!
See you at $32-34 by the EOY! $40's in 2016
Has offices in Germany, and serves millions of small to mid sized companies. Would also give Buffet an insight into companies finances, etc. As well as service all his subsidiaries. Disclosure, I own both Payx and Brk-b, but would rather my shares be rolled over to Brk. Just an idea.
We are in a classic cup and handle which will take us to the old all time high setting up a much larger cup and handle. With continuous job growth, wage growth, and slow interest rate hikes, this stock will continue to rise and be the equivalent to $70-$80 by next march (with a possible split this May). Wish they upped the stock buyback over a year ago, but this is still a great place to be for some time. Congrats to all us long term longs.
I believe it's $49 and change. However, that could decrease I guess if no one is buying. Funny how downgrades come after it looses this much. Where was this downgrade and insight 20 points ago? Kind of think we are close to a bottom. Will be adding to my loosing position if it hits below $50.
Makes no sense.
So now n16 is short again after just switching from short to Long after it appreciated. This might be a strong indication that we have bottomed. With a great divi to reinvest while we wait. Little debt, leader in it's field, a history of making great acquisitions. At this price we are going to be the buyer of very cheap assets, or the one being bought. The risk reward here is very nice for this type of company right now in my opinion.
He bought this, and CBI. He knows this space and this is the leader, large moat, etc. Price is right. I'm hanging tight, but if it goes lower, I'm buying more, but one has to think it's getting bought out.
It looks like he will not have to pay ANY tax on this. Removing the gain on P&G and rolling into a completely whole business. Incredible stock and business mind. ALL out for his shareholders.
Like or dislike n16m15, he was right about this stock. If the bottom isn't in, it's close. For the long term holders like me, it was just noise while collecting a nice dividend. I'm adding here.....