2 Reasons Paycom Shareholders Shouldn't Worry About Rising Interest Rates
With the valuations of software companies in question, many pundits have pointed to low interest rates as a catalyst. As the thinking goes, easy money and few high-yielding alternatives force investors to take more risk to find growth. That's why many high-flying technology companies fell sharply when inflation started dominating conversations in March.
But there's a technology company that benefits from inflation. Paycom (NYSE: PAYC) actually makes more money the higher interest rates go. Below are two reasons why that's the case -- and why shareholders shouldn't worry about rising rates.
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Source Fool.com
