run up for TXT

Where we're at

Dow: 8131
SandP: 869.60
10yr: 2.93%
VIX: 35.79

equity: 32
bond: 32
cash: 36

1 yr -13%

I'm still waiting for the next "workfarce planning update" to say how many will be cut loose this time. Early rumored estimates were for 2000-4000, the numbers have since dropped to 1000-2000, the latest runor is the Columbus project will be cancelled (deferred?). A number of IT personnel work on that project, but I am not of them. We should hear something soon, TXT announces 1st qtr results on 4/29. They'll probably want to announce the reductions right before or during the earnings call.

The stock has had a run up over the last two weeks due to takeover speculation. First, from lockheed or raytheon, then from a middle east consortium. I suspect that a lot of average to low performing companies will be looked at this year just because their stock prices are attractive.

My gut still says I won't get laid off (yet?), but I may be furloughed in July. It depends on who is needed for the SAP go live activity. I think I'll take available vacation upto one week of the furlough.