How to Invest your Cash in Taxes
1) TAX CONSULTING SERVICES: (PAYX)
What happens when a new President is elected? The TAX LAWS change dramatically!
What company benefits the most when Payroll and Benefits Tax Laws change?
Paychex benefits whenever the tax law changes by assisting small and medium sized businesses with figuring out the payrolls based on the new law. Doesn't matter if taxes go up or down.
If Barack Obama becomes president... Paychex becomes a Screaming Buy....
If John McCain becomes president.... Paychex becomes a Screaming Buy...
Because... Whether or not Small Business and Medium Sized Business gets their taxes raised or cut... They will give Paychex a phone call.
The Market Meltdown has sent this stock down 27.9%.
But, with a 31 cents a share quarterly dividend at 4.75% yield.. This stock is a great buy. Take advantage of the recent onslaught of Analyst Downgrades because this one gets an upgrade early next year.
Of course if you are not into SLOW GROWTH: Large Caps..... And you want to really make it big off of the massive Tax Law changes coming next year, then consider this one:
ADP: They expect to beat earnings estimates for their 3rd quarter, also pays a good dividend and Market Cap underneath 500 million.
GVHR: Recently entered into a health benefits contract with Blue Cross/Blue Shield.
They beat earnings estimates 4 times out of 5 with 1 being a horrible miss.
GVHR reports their earnings 11/03/2008 and I think the stock price is set for a short term jump.
"Gevity: AIGCI To Wave $14M In Workers' Comp Pymts In 4Q>GVHR
Thursday 09/25/2008 8:02 AM ET - Dow Jones News Gevity Receives $33.1 M Of Returned Workers' Compensation Collateral
Even GVHR a tiny, small cap, company pays a 5 cents a share dividend to their shareholders.
Browsing through the lineup of companys from large to mid-size to super tiny simply brings a smile to my face. These companys through thick and thin honestly care about shareholder value. They want to make money and they are all set to make it big in 2009 and beyond!