This one hurts, but don't we all know well, that no pitcher ever threw all strikes, no program is bugless, no juggler never drops a ball. This marked a third outperformance of quarterly estimates in as many quarters, stacked on top of increasingly more sturdy financial crutches. There's the sort of financial stoutness that warrants a high PEG valuation. Cash, cash, cash, quarterly outperformance and no long-term debt.
Fools know that's an excellent screen for long-term investment success.
That's an awfully generous valuation, too, even for a financially-sturdy structure. So why in tarnation would we close out our position now. . . It's always a good idea to look back when you close out an investment, particularly a loser. In order to remember and learn from Chexy, we spent last night reading back through the 300 hundred messages in this forum about Paychex. That's one of the beauties of the medium and our Foolish exploitation of it.