By Steven M. Sears, Barron’s; October 26, 2017
The CSX turnaround trade just got complicated.
CSX (ticker: CSX) stock sold off sharply early Thursday on unexpected news that a much-anticipated investor day meeting would be delayed, and that a new chief operating officer had been hired to work with the ailing chief executive. The company tried to assuage investors by also announcing that it was doubling a $1.5 billion stock-buyback program.
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