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Holding On To Western Union.



February 11, 2014 – Comments (0) | RELATED TICKERS: MGI , WU , XOOM.DL

So today one of the companies I'm invested in, Western Union (NYSE:WU), released an interesting quarterly report as well as a $500 million share buyback plan! =D The news in this quarterly report is pretty good for investors, as compliance costs have eaten into profits but relief is coming this year according to the top brass of WU. I've held on to my shares despite some declines in share price over concerns about WU's compliance costs, as those short-term costs probably won't be a long-term issue. WU continues to be a well-managed business that still holds good competitive edges over the likes of Xoom (NASDAQ:XOOM) and MoneyGram (NASDAQ:MGI). I'm holding on to my shares for now, and I recommend fellow investors to do the same. =)

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