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In the meantime, Ceridian, like Lightspeed, is facing disruption to its business as a result of COVID-19. An unprecedented surge in unemployment will hit Ceridian over the intermediate term, given it charges on a per-employee basis. Unlike Lightspeed, however, Ceridian is more exposed to larger firms that are better able to survive this crisis.
With shares trading at 9.6 times sales, I’d say Ceridian is a bargain for growth investors hungry for high returns.
Ceridian HCM (CDAY)
10/23/2018
Number of Shares 21,000,000
Initial Share Price $22.00
Offer Size $462,000,000
Date Priced 4/26/2018
Okay this stock is fat and I’m going to short it. Nooooo way should it be at $93. More like $65. Time to take this pig to market people.