07/05/2013

Locking in a Gain on Heidrick & Struggles

Locking in a Gain on Heidrick & Struggles

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.

HSII Jul. 5, 2013 

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. 

Jul 5, 2013 12:00:00 AM | Newsletter Articles, Value Investing

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Ilene

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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