Since initiating coverage of Paycom Software, Inc. (NYSE:PAYC) back in early May, outside of a short period at Q1 earnings release (my article was aptly titled "Buying The Paycom Software IPO Selling Ahead Of Earnings Should Pay Immediate Dividends", and it did in fact pay those who sold the earnings pop), my recommendation has consistently lost money. The shares have been under constant pressure, with the stock trading intraday as of the writing of this article at $12.88, from my initiation price of $13.87, for a total performance of -7.1%. I, however, am not unhappy with my position, and actually may look to add more to it prior to the upcoming earnings period. This continuing coverage...
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