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Technology Stocks : Paychex (PAYX)
PAYX 111.20+0.8%11:42 AM EST
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To: Charles P. Hubbard who wrote (140)3/8/1999 10:58:00 PM
From: Michael W. Brom  Read Replies (2) of 210
 
charles,

granted, there's no way that PAYX could have sustained its tremendous growth over the years. it's ludicrous to expect that, but they have consistently outperformed the overall market. the stock has done very well for me. sure, the short term looks weak, but i'm in for the long haul. what will hurt PAYX are interest rates since a vast majority of PAYX's business is derived from other businesses. but, as i said, i'm in it for the long haul.

michael
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