Selling Finning

Finning (FTT.TO) has been a moderately well performing stock, up 2.9% since I bought it at the end of May.  However, the earnings growth forecast has fallen from 14% in May to under 7% today.  This means that the stock no longer meets my criteria as a core position.  It’s time to sell.

  • Sell FTT @ $23.56

I purchased the stock for $22.89, for a gain of 67c.  It also paid a dividend of 15.2c  during that period, for a total gain of 3.6% in 4.5 months (an annualized return rate of almost 10%).  This was a good call.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s