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Compiling comments that experts make about stocks while on public TV.

2017-03-16

Opinion for Automatic Data Processing (ADP-Q)

Signal Price Bias Subject Owned
DON'T BUY $104.250 UNKNOWN US EQUITIES Unknown

A payroll and HR company. A fairly pricey stock. Trades at about a 40% premium to the market. 70% of their business comes from payroll services and 30% from Human Resources operations. Over the last 6-7 years, the US has produced 15 million private sector jobs, which is great for a company like this. This is now a little too rich, and a little too late to the cycle.

Gordon Reid
President, GoodReid Investment Counsel

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