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.