Pros
Payroll checks don’t bounce (yet)
Cons
Read the most recent 10k filing. ELT is leveraging the company to the hilt to execute stock buybacks, artificially inflating share price, assuring CDK’s eventual demise, leaving clients holding the bag. Margins are manipulated solely through layoffs and outsourcing to India. They’ve allocated $250 million to pay severance in 2019. Does this sound like a company with any kind of future? This is the same type of corporate malfeasance perpetrated against Toys ‘R Us, against Remington arms, against a multitude of formerly stable companies. I just today read that an HR person left Sears to join CDK. That’s like running from a blazing building into another blazing building. CDK is hemorrhaging employees such that they’ve mounted most of the cubicles on wheels to adjust for each week’s egress. The new flagship product currently under development is so riddled with technical debt, that if it were actual debt, the project would be forced into bankruptcy.