Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Paychex (PAYX) -- Ignore unavailable to you. Want to Upgrade?

To: John A. Snell who wrote (84)	3/18/1998 6:00:00 PM
From: Clay Degenhardt	Read Replies (2) \| Respond to of 210

John- I can relate to your post. I'm living in the silicon valley, but am a native of the rochester area and follow the progress of Paychex. I'm in and out of it periodically, but sure wish I had bought it as a long-term position a few years ago. Galisano is an excellent businessman and has done well building Paychex; I know a few people who have had very positive dealings with him. The stock has a fairly high p/e, but deservedly so. They have a good supply of cash to weather an economic downturn and are well positioned to invest in new opportunities. Unlike the irrational exuberance over many companies out here, this one has tangible expectations for growth. As the reputation of the company and management expands, so will the business and likewise the equity investors have placed in PAYX. I would not recommend it to someone looking for a short-term kill, but it's definitely a great investment for growth.