Paycom Software's platform integrates tools for payroll, recruitment, scheduling and human resources management. That sets the company apart, the Motley Fool...
Plus: There’s no such thing as a safe stock, and why do bond prices fall when interest rates increase?Paycom, with headquarters in Oklahoma City, opened an office in Grapevine, Texas, in 2022. The Motley Fool says Paycom’s stock is looking attractively priced, with a forward-looking price-to-earnings ratio of 21.Paycom Software specializes in human capital management software. Its platform integrates tools for payroll, recruitment, scheduling and human resources management.
Now imagine that interest rates increase, and new 30-year bonds are offering 5%. The old 4.5% bond would be less attractive than the newer bond, so its price on the market would have to drop to make it more attractive to buyers. If you sold it, you’d likely have to accept less than the original $1,000. The buyer would receive the same $45 annual payments, though, and would receive the same $1,000 at maturity.
— A solid balance sheet: Among other things, total assets should be greater than total liabilities, with short-term assets sufficient to cover short-term liabilities. — A defensive, or recession-proof, industry: Such businesses tend to not be disrupted very much when the economy booms or slows. Examples include food, health care and utility companies. — A “blue chip” reputation: In general, a larger, more established company is more resilient than a smaller, younger one. It has had to perform well for a long time in order to expand so much, after all. And it likely enjoys some competitive advantages, such as economies of scale or a valuable brand name.
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