Aimee glindmeyer
This presentation is the property of its rightful owner.
Sponsored Links
1 / 9

Aimee Glindmeyer PowerPoint PPT Presentation


  • 49 Views
  • Uploaded on
  • Presentation posted in: General

Aimee Glindmeyer. Business Model. Primarily a payroll processor Also offers 401k, health insurance, and FSA services Replaces an HR dept for small and medium sized businesses Minimal amount of capital required. Economic Moat. High customer switching costs Scalability

Download Presentation

Aimee Glindmeyer

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Aimee glindmeyer

Aimee Glindmeyer


Business model

Business Model

  • Primarily a payroll processor

  • Also offers 401k, health insurance, and FSA services

  • Replaces an HR dept for small and medium sized businesses

  • Minimal amount of capital required


Economic moat

Economic Moat

  • High customer switching costs

  • Scalability

  • Respected brand image


Management

Management

  • Made conservative investments prior to recession

  • CEO and chairman roles separate

  • Mandatory equity ownership requirements

    • 10% of stock held by insiders


Competitor

Competitor


Profitability

Profitability


Valuation current stock price 31 31

ValuationCurrent Stock Price: $31.31


Why we should buy

Why We Should Buy

  • Wide economic moat

  • No material risk of losing clients

  • Stability of firm

  • Able to increase prices quicker than inflation

  • Government support of small business growth


Sources

Sources

  • Bloomberg

  • Yahoo! Finance

  • Morningstar

  • Valueline

  • 10-K

  • Paychex.com


  • Login