Automatic Data Processing (NASDAQ:ADP)

CAPS Rating: 4 out of 5

The Company is a provider of business outsourcing solutions. It offers number of HR, payroll, tax and benefits administration solutions from a single source and also provides integrated computing solutions to automotive and recreational vehicle dealers.

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3
Player Avatar surfingthenet (< 20) Submitted: 9/15/2008 12:54:18 PM : Underperform Start Price: $37.81 ADP Score: -52.97

ADP before 9/11 was a stock that would split about every 5 years.
Times are different now, with their Dealer Services Division making up about 15% of the company and the Automotive business struggling don't look for much movement. If they can unload the DS Division just as they did with the underperforming Brokerage Division about 2 years ago I would change my opinion to outperform but I don't see that happening any time soon. Just my opinion...Good Luck!!

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