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