Paychex, Inc. (NASDAQ:PAYX)
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Paychex provides payroll, human resource, and employee benefits outsourcing for small and medium-sized businesses.
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Paychex provides payroll, human resource, and employee benefits outsourcing for small and medium-sized businesses.
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I own a small business and use PAYX as a provider. They are doing all the right things during this recession, investing in their current customer base, going the extra mile to retain existing business, expanding offerings and asking for referrals to others who would benefit. I'll admit I've not looked closely at the financials, but the combination of the recent 2nd Inside Value team recommendation and my own recent experience has convinced me they are getting better and stronger during the downturn and will emerge with more marketshare and a great platform for growth.