Paychex: Only Value Investors Get Bonuses

The payroll processing firm Paychex (PAYX) has been both a good and bad investment over the past five years. The company maintained a pristine balance sheet and paid solid dividends throughout the entire half-decade.

Why, then, do the shares now trade at the same price as they did in winter 2008? Fiscal 2008 earnings per share (ended May 31, 2008) peaked at $1.56. The Great Recession knocked EPS down in both fiscal 2009 (to $1.48) and 2010 (to $1.32)....318 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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