Insider Stocks · For members
An entry from my investing journal, for members.
Paycom retired 15% of its float in 90 days at an average price of $127, draining more than half its cash balance and taking on $675 million of debt to do it. The first material debt the company has carried in years, deployed not into growth but into buying back its own stock.
Insider Stocks
The rest of this entry is for members
Before I buy a business, and before I sell one, I write up what I see: what it earns, what it’s worth, what could break it. Members read every entry, back to 2021. At least two new entries a month, more during earnings season.
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