2024-08-07 09:49:32 ET
Summary
- CBIZ has shown a 10-year upward trajectory with a 736.88% increase in share price.
- A recent dip in the share price following earnings misses presents a buying opportunity for long-term investors.
- Acquisition of Marcum LLP expected to boost revenue and earnings in 2025, leading to potential for further share price growth.
Investment thesis for CBIZ
I like stocks with long, upward sloping price charts, like this one from CBIZ, Inc. ( CBZ ):
CBZ 10-year price chart (Seeking Alpha)
Not only has the company been on a 10-year upward trajectory, but note how much its share price has risen over the past decade: 736.88%.
There’s another attractive feature to it as well; the nearly 20% dip on July 31, following the release of its second-quarter 2024 earnings. Investors did not like how it missed both its revenue and earnings estimates. And that wasn’t all; between July 30 and August 5, it dropped from $86.02 to $69.31....
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For further details see:
CBIZ Acquisition Of Marcum Points To Big Earnings Gains Next Year
