Anybody saw 
ADP hitting its ABCD completion? Trump has overshadowed the fact that US Services PMI just came in 2pts below expectations and the major auto companies have been laying off workers as inventory piles up. ADP operating margins are at -1 standard deviation levels while its valuations metrics are at +1 standard deviation into a slowing economy. 1.6% forward real earning yield with a P/B of 13x (mean P/B @ 7x) when you can buy risk-free US 10-yr at 1.7% with capital appreciation potential? *cough* *cough*
No thank you very much.
P.S. Even Bill Ackman sold his oversized stake in $ADP.
ADP hitting its ABCD completion? Trump has overshadowed the fact that US Services PMI just came in 2pts below expectations and the major auto companies have been laying off workers as inventory piles up. ADP operating margins are at -1 standard deviation levels while its valuations metrics are at +1 standard deviation into a slowing economy. 1.6% forward real earning yield with a P/B of 13x (mean P/B @ 7x) when you can buy risk-free US 10-yr at 1.7% with capital appreciation potential? *cough* *cough*No thank you very much.
P.S. Even Bill Ackman sold his oversized stake in $ADP.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.