We came across a bullish thesis on Automatic Data Processing, Inc. on Business Model Mastery’s Substack by The Antifragile Investor. In this article, we will summarize the bulls’ thesis on ADP. Automatic Data Processing, Inc.’s share was trading at $257.07 as of January 13th. ADP’s trailing and forward P/E were 25.94 and 24.04 respectively according to Yahoo Finance.
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ADP is positioned as a high quality, mission critical services company built around payroll,...
