Seeking Alpha

Western Union plunges after warning on 2014 expenses

  • Shares of Western Union (WU -17.1%) tumble after the company warns compliance costs could increase significantly next year.
  • The company was downgraded earlier this morning by Raymond James to Market Perform
Comments (4)
  • financeminister
    , contributor
    Comments (939) | Send Message
     
    My guess is that Xoom is eating into WU's business and this will be serious long term threat. So fundamentals are challenged here. Will want to see an evaluation of competition with Xoom.
    30 Oct 2013, 11:02 AM Reply Like
  • caupachow
    , contributor
    Comments (462) | Send Message
     
    did not see this coming, I got out over 6 months ago but may consider getting back in for a long term hold. "may consider" should be underlined :)
    30 Oct 2013, 11:34 AM Reply Like
  • isha1
    , contributor
    Comments (22) | Send Message
     
    Ditto above....yesterdays news was all rosey......when and if they raise the dividend this stock will go up again......we can only hope!
    30 Oct 2013, 04:15 PM Reply Like
  • Fel-D-1
    , contributor
    Comments (56) | Send Message
     
    Buy the dip.
    30 Oct 2013, 08:44 PM Reply Like
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