ADP Falls as Ackman Says Shares Could Double by 2021

The transcript discusses Bill Ackman's view on ADP's stock, suggesting it could double in four years. Ackman criticizes ADP's current margin and investment strategies, advocating for a focus on technology. He proposes gaining board seats to implement changes, causing tension with former director Leon Cooperman. ADP's response is anticipated, with the stock currently falling due to shareholder concerns.

What is Ackman's prediction for the stock's performance over the next four years?

• It will decrease by 50%

• It will increase by 10%

• It will remain stable

• It could double

According to Ackman, what is ADP failing to invest in adequately?

• Human Resources

• Real Estate

• Technology

• Marketing

What does Ackman want to achieve by gaining board seats at ADP?

• Increase customer service

• Focus on real estate

• Make ADP a technology leader

• Reduce employee count

What has been the traditional focus of ADP's business according to the transcript?

• Technology

• Customer service

• Product development

• Financial services

What is the nature of the relationship between Ackman and Leon Cooperman as described?

• Friendly

• Contentious

• Collaborative

• Indifferent