Market Currents
Barron's: With robust cash flow, virtually no debt and a rising dividend, Automatic Data...
-
Friday, March 5, 2010, 9:27 AM ETBarron's: With robust cash flow, virtually no debt and a rising dividend, Automatic Data Processing (ADP) is poised to benefit from a rebound in the economy. Shares trade 15.5x trailing 12 months, cheap for a stock that historically commands a premium of up to 35% to the market multiple. "It's not often you get the opportunity to buy such a high quality company at a discount."
Other date
Latest Articles
