Thread regarding ADP layoffs

Stock splits don't do anything

Stock splits don't do anything. If the company is worth $60b before a stock split, it will be worth $60b after a stock split. You'll have twice as many shares each worth half of what they were worth.

The limitation of buying stock through the 401k was due to SEC rules, nothing ADP wanted to do.

Getting rid of pensions s---ed, but almost all companies are doing that.

Customer stats are internal numbers. They can do whatever they want and it helps or hurts no one. The stats themselves don't make customers any happier or likely to stay with ADP so who really cares what they do?

ADP is a company on the decline, but will survive just due to the massive market presence they have. At some point, they will either get it together or someone with better technology will buy them and take advantage of that market penetration. In the meantime, the competitors will continue to sc-ape off their clients.

Found this post by @WtUqNXt-bovm as a reply to another thread. Thought it deserved its own thread.

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| 951 views | | 1 reply (December 17, 2018) | Reply
Post ID: @OP+WFKrGLg

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ADP's survival should not be taken as guaranteed. Companies have to earn the right to survive and not rest on their laurels. ADP's survival, let alone prosperity, is not going to be handed out on a silver platter. Serious mistakes have been made at this company that makes it seem that its management believes that there is a silver platter option.

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Post ID: @bnc+WFKrGLg

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