Xerox (XRX) has been a great investment – up 10% since I purchased it on 31st May. As part of my quarterly review I have reassessed Xerox and decided to sell it because it does not meet my criteria. Specifically, the dividend is now 2.35%, which is below my threshold of 2.5%. This is a good thing – it indicates that I chose a great stock at a great price and profited from the venture. Now it’s time to take my profits and invest elsewhere.
- Sell XRX @ $9.80
I purchased Xerox for $8.90, for a gain of 90c. The stock also paid a dividend of 5.8c. This is a total gain of 10.8% in less than two months. This was a good call.