Paychex provides payroll, human resource, and employee benefits outsourcing for small and medium-sized businesses.
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It is unlikely that the recesson will result in prolonged job losses, particularly at midsize companies. Needless to say, when the economy recovers, Paychex will still be around helping midsize and some small businesses with payroll. Given they have a consistently solid business and history of dividend payments and raises, this is a great company to be part owner of. Look back to 2000 to find prices like these. May even get better...