one has to invest in people to generate revenue. While there will be some cashflow pressure on the short term due to additional salary, it is good that the announcement spell out the expectation from the newly hired senior employee - sales increase of at least 20% and return to profit for the division/subsidiary. One has to look as well the quality and experience of the new employee. I don't think Chris Dax will join CDX group if he didn't believe he can achieve those targets plus more.
CDX Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
