Paychex, Inc., (PAYX): Founded in 1971, Headquartered in Rochester, New York, Paychex, Inc., is a payroll and human resource company serving approximately 554,000 businesses in United States as of May 31, 2009.
Market is expecting a profit of 34 cents a share for the quarter ended August 2009, which is 7 cents below its actual profit it posted a year ago in the same quarter.
With so many jobs lost and companies closed in last couple of years, I am placing PAYX in my SHORT sell watch list for short term trading. Earnings release for the quarter ended August 2009, is scheduled to be released on September 23, 2009 after market close.
American Greetings Corporation., (AM): Founded in 1906 and headquartered in Cleveland, Ohio, American Greetings Corporation is a manufacturer of innovative social expression products. The company's major greeting card brands are American Greetings, Carlton Cards, Gibson, Recycled Paper Greetings, and Papyrus, and other product offerings include Design Ware Party Goods, American Greetings and Plus Mark gift-wrap and boxed cards and Date Works Calenders.
Market is expecting a profit of 6 cents per share, for the quarter ended August 2009, which is 1 cent above its actual profit it posted a year ago.
Currently the stock is trading at $15.34 just $2.23 below its 52 week high of $17.57 and $12.10 above its 52 week low of $3.24.
AM is in my SHORT sell watch list for short term trading. Earnings for the quarter ended August 2009, is scheduled to be released on September 24, 2009 before market open.
