Paycom Stock Is Still Down -- Could It Be a Millionaire-Maker Stock?
Paycom Software (NYSE: PAYC) is a pioneer of web-based human resources (HR) and payroll software and one of Newsweek's most trusted companies in America. It's a winner of Business Intelligence Group's 2023 BIG Innovation Awards. But it's a big loser this year for investors.
Actually, the stock has been a loser for an even longer period. Paycom's shares fell 8% in 2021 and 25% in 2022. The stock is still down, plunging more than 40% so far in 2023. But could Paycom nonetheless be a millionaire-maker stock?
There's an old joke that the easiest way to make $1 million is to start with $2 million. Any stock, including Paycom, could be a millionaire-maker if you begin with a large enough upfront investment.
Source Fool.com
