07/26/2013

Averaging Down on Deere

Averaging Down on Deere

Deer - imageBy Paul Price

Cyclicals slipped out-of-favor after Caterpillar’s recently released downbeat outlook. Big-cap companies tied to worldwide sales have suffered, giving us a chance to buy more shares of Deere (DE) at prices lower than our first entry. 

We already own 40 shares in the Virtual Value Portfolio. Today, we added 30 more shares at $82.56, bringing Market Shadows to a full-sized position (approximately 5% of the total portfolio).

The $2,477 investment will come from our cash reserves which were bolstered recently by sales of Heidrick & Struggles (HSII),  Life Time Fitness (LTM) and Air Products (APD). All three of those investments were closed with a profit.  

See details of current holdings as well as previously closed-out transactions: http://marketshadows.com/virtual-portfolios/virtual-portfolio/.

DE quote

  

Jul 26, 2013 12:00:00 AM | 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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