You better PRAY management looks after shareholders!
Because this looks as weak as any stock I have ever seen!
This is a BULL market, and WU is a serious underperformer in this type market
This one even makes me nervious!!!!
Funny how one month can completely make you change your opinion.
Next earnings could be a killer for this one.
Just a very poor investment at this time....
And where I bought in was just plain stupid!!!!
PS: Still glad I am out!!!!
Even at a loss, I am still glad I am out...
Looking to buy back in after next earnings.
It appears this is in the 13.50 to 14.5 range for the forseeable future!
If shareholder friendliness is won through prayer then WU is proof that God exists. A 4% dividend yield and a $750 M buyback, plus $800 M (or whatever) of ultra-low-rate debt borrowed in December 2012 (AFTER the "problems" "turnaround news" and "stock price downturn"). That amount and that rate would not have happened for WU if the cash flows weren't absolutely bulletproof. The $800 M creditor or lender isn't wrong about the DD.