DRIPs -- Dividend reinvestment plans Message Board

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Non-Tech : DRIPs -- Dividend reinvestment plans

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To: Uri who wrote (160)	2/6/1997 8:10:00 PM
From: Michael W. Brom	of 263

Uri: My aggressive DRIP is currently Paychex (PAYX) which specializes in doing accounting payroll and accounting service for small and medium-sized companies. The stock is one of the top 10 stocks in this decade, appreciating over 2300% since January of 1990. It does, however, sport a high PE ratio, but it is definitely an aggressive growth stock. For me, the only drawback is that any OCP must be $100 or more, which makes it tough for me to diversify the way I would like to, but, other than that, I am very happy with the stock itself. Great long-term prospects and this year it has remained relatively flat since I bought it in July, so, it may not get hammered as much as other highly aggressive growth stocks. Good luck... Michael

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