11/6/25 :: VROCKSTAR :: 
PAYC
Another one for the LEAP book
- $9B business
- solid high teens low 20s ROICs
- growing HSD top line
- trades like every other HCM business
- guys we are 100% in a consumer/ business recession
- so it's expected these things are trading as such - i'm not going to take the opposite POV
- it will defn take more than a few rate cuts to correct this ship. usually what happens is the wheels fall off the magic school bus of hopium, things crash and the powers that wannabe step in to buy everyone's bags. that hasn't happened
- so what i'm doing is collecting 5-10 names rn that are great LEAP spots
- 2-1 and will collect premium as these things start to move one way or another
- this is a solid name in the HCM space, perhaps the best one to watch
- but alas, there are no great beta in a tide-go-whoa.
- keep that head screwed on, cash heavy book still looks best
- if u spot anything that makes sense LMK!
- rn I like:
1/ networks
2/ growing minimally HSD, ideally teen++
3/ solid ROICs
4/ FCF mgns in the 6%+ region
5/ no skeletons or "need a Q or two of resolution" stories
V
PAYCAnother one for the LEAP book
- $9B business
- solid high teens low 20s ROICs
- growing HSD top line
- trades like every other HCM business
- guys we are 100% in a consumer/ business recession
- so it's expected these things are trading as such - i'm not going to take the opposite POV
- it will defn take more than a few rate cuts to correct this ship. usually what happens is the wheels fall off the magic school bus of hopium, things crash and the powers that wannabe step in to buy everyone's bags. that hasn't happened
- so what i'm doing is collecting 5-10 names rn that are great LEAP spots
- 2-1 and will collect premium as these things start to move one way or another
- this is a solid name in the HCM space, perhaps the best one to watch
- but alas, there are no great beta in a tide-go-whoa.
- keep that head screwed on, cash heavy book still looks best
- if u spot anything that makes sense LMK!
- rn I like:
1/ networks
2/ growing minimally HSD, ideally teen++
3/ solid ROICs
4/ FCF mgns in the 6%+ region
5/ no skeletons or "need a Q or two of resolution" stories
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.