ADP: Recovering In-Sync with the U.S. Economy

Filed under: Stocks to Buy

Automatic Data Processing (ADP), which I first wrote about on May 8, 2009, at a price of $36.84, has pulled back recently, in-sync with the market's decline, and it's created a decent entry point for those who did not consider the shares earlier.



ADP survived the nation's worst recession since the Great Depression in adequate shape, and the argument forwarded here points to 1% to 3% revenue growth in 2010, followed by a stronger gain in 2011. New accounts should increase as business formation improves in the second half of 2010.

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ADP: Recovering In-Sync with the U.S. Economy originally appeared on BloggingStocks on Wed, 05 May 2010 18:00:00 EST. Please see our terms for use of feeds.

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