Market Shadows sold our Heidrick & Struggles (HSII) today at $17.37. The 250 HSII shares were one of our original positions when we started the Virtual Value Portfolio on October 26, 2012.
We booked a 44.5% profit (46.7% if you include the two quarterly dividends) over approximately 8.5 months.
The company is involved in take-over talks and we may be leaving some money on the table. We sold this morning in order to avoid the risk of a non-deal. We also will welcome having the cash to reinvest.
See full details on all our open and closed, market beating (so far) selections here.