Automatic Data Processing (ADP) Message Board

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Non-Tech : Automatic Data Processing (ADP)

ADP 259.05

-0.5%

9:30 AM EST

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To: Steven Dopp who wrote (2)	7/11/2002 8:04:58 PM
From: Gold Panner	Read Replies (1) of 70

Hi Steven, Yes I do believe a portion of ADP's revenues is from stock transaction processing. The down trend now makes sense to me. Based on this oberservation.. I guess the share price's drop was long overdue. I the price only seemed to drop steeply these few months and there has been little interest in the market much longer than just that. I guess they could always fall back to their other business lines (ie payroll/hr services) until things come back. I don't know if there are any comparable companies that dominate in this area. I know there is a company called Paychex, but they seemed to be focused on smaller companies.

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