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Thursday, 26 June 2014

Anticipatory punt on Paychex

Paychex Inc is a company that supplies wages and financial systems (and outsourcing of such) to start-ups and small and medium sized enterprises. It has shown excellent growth since its formation in 1971, including previous recent quarters.

The share-price often rises around the time of its reports. Next quarterly report on 1 July. I have, therefore, placed a punt in anticipation of an imminent rise in value, following fall in recent weeks.

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