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Cincinnati Financial Corp. Message Board

justforfun513333 1 post  |  Last Activity: Jul 23, 2014 4:08 PM Member since: Mar 27, 2004
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    by tpmckeeart Jul 17, 2014 2:11 PM
    justforfun513333 justforfun513333 Jul 23, 2014 4:08 PM Flag

    SA is laying off about 1/3 of the IT staff and outsourcing the jobs overseas. Expect immediate expense savings, but ultimately chaos since these schemes rarely work over the long term to build competitive advantage. Word is very little work is getting done as people fuss about who will and won't have jobs.

    It does prepare the company for a sale next year - which should cause the price to rise since generally a stock is bought at a premium.

CINF
47.99+0.05(+0.10%)Sep 17 4:00 PMEDT

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