ADP has some of the attributes of a value investment because it is an infrastructure company that provides a necessary service. ADP provides a necessary service companies need that most people neither see nor understand.
That makes ADP well poised to cash in on the growth of the American economy. It also makes ADP an ideal platform for testing next-generation payment and data-processing technologies. For example, SpringRole which is trying to develop a more reliable resume verification process based on the blockchain is working with ADP.Read more