To raise some cash for a business venture I sold my entire stakes in the following stocks this week.
Saputo (SAP) - The Canadian Food producer had run up so far from my adjusted cost base that it seemed like an obvious choice to take a nice profit. The stock is now trading at a P/E of over 18x, which strikes me as a little rich.
Scotts Miracle Gro (SMG) - This stock never really fit into my dividend growth model and the stock has run up very nicely in recent months. The stock likely has more room to run however it seemed like an ideal time to take a profit and exit the name for the time being.
Posting on the moneygardener should pick up over the next little while as I realize I have been nowhere to be found lately.
8 comments:
Good to read you again MG!
Will you be writing about your new venture?
Thanks FoF.
FT, I have not decided yet, stay tuned.
Yes MG, I hope you write about it (your new venture)!?
Great to have you back, I am looking forward to more activity on MG.
Looking forward to seeing you again.
We sold several stocks this last week. Getting ready for the US to have a higher capital gains tax!
I am looking forward to your future posts :) Blogging takes a toll and is a lot more work then it looks!
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