Q: hello 5i team
I have enjoyed a nice run with CSX being up 25% while collecting a nice increasing div.
Yesterday it was announced CSX is looking at cutting at least 300 workers... initially through buyouts and/or service package offers. The article went on to mention should the offers not be accepted by January enabling the company to reach the 300 number, "involuntary layoffs may take place."
CEO Michael Ward said "the plan is part of a series of steps designed to reduce operating costs amid what Ward said are serious declines in some of its businesses, especially coal..."
My question.... should I cut and run and be happy with what I have or would you suggest holding tight and not being concerned with this report?
Thanks for all you do
Gord
I have enjoyed a nice run with CSX being up 25% while collecting a nice increasing div.
Yesterday it was announced CSX is looking at cutting at least 300 workers... initially through buyouts and/or service package offers. The article went on to mention should the offers not be accepted by January enabling the company to reach the 300 number, "involuntary layoffs may take place."
CEO Michael Ward said "the plan is part of a series of steps designed to reduce operating costs amid what Ward said are serious declines in some of its businesses, especially coal..."
My question.... should I cut and run and be happy with what I have or would you suggest holding tight and not being concerned with this report?
Thanks for all you do
Gord