As I've said recently in relation to
McDonald's (NYSE:
MCD),
Coca-Cola (NYSE:
KO) and
Nestle (OTCBB:
NSRGY),
top-notch companies are a mixed blessing for investors - great to hold
for years at a time once you own them, but very hard to ever buy at a
notable discount.
Automatic Data Processing (Nasdaq:
ADP)
fits that bill as well, as even the most negative or bearish analysts
still seem to go out of their way to affirm their respect for the
company, its strategy and management.
Read more here:
http://stocks.investopedia.com/stock-analysis/2012/ADP-A-OK--And-Everyone-Knows-It-ADP-PAYX-INTU-ATHN0504.aspx
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