06/04/2013

Locked in Another Gain

Locked in Another Gain

ABM Ind. LOGOBy Paul Price

We missed the early morning peak of $26.38 but sold our ABM Industries (ABM) position from the Virtual Value Portfolio for $25.47. Our sale price was higher than the 52-week high prior to today.

We had purchased 160 shares of ABM for $18.87 on Oct. 26, 2012 as one of the original positions. Today’s sale yielded a 35% gain (plus dividends) in a tad greater than seven months.

ABM price

 

 

 

We’ll move ABM to our closed-out position list and add the $4075.20 in proceeds to our portfolio's cash reserves.

Jun 4, 2013 12:00:00 AM | Newsletter Articles, Value Investing

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I'm editor at Phil's Stock World, and editor for Stock World Weekly. My background is in the biological sciences, and law. After a brief career in the legal field, I changed directions and am now working as an editor, and very much enjoying my experiences in the editing world.

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