What did you sell? What might you sell? (2017)

Discuss your favourite picks, broker, and trading or investment style.
westcoastfella
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Re: What did you sell? What might you sell? (2017)

Post by westcoastfella » 18 Jan 2017 11:21

nisser wrote:Everyone and their mother is buying TD and RBC because of their "US exposure". I think all the lemmings going down the same hole are in for a big disappointment.
Why? Do you think that the US economy will not grow as expected, or that CDN banks with a significant US presence will not be able to take advantage of it?

When "everyone and their mother" is doing something, sometimes there is a good reason behind it... I can't predict the future, but it seems a reasonable bet to assume that a rising US tide will at least not be a negative on the TD boat.

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Re: What did you sell? What might you sell? (2017)

Post by AltaRed » 18 Jan 2017 11:31

It's a bet that the US economy will benefit under a Trump administration. Like some others, I think this is no better than a flip of the coin and remaining diversified remains the best strategy over the long haul.

The twittering twerp, at a minimum, creates havoc for business decisions. The good news is if business can see beyond 2020 IF the twittering twerp lasts that long (he may blow a circulatory gasket before then). The world order in trade will likely look different by then but it may not be the US that remains supreme.
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Re: What did you sell? What might you sell? (2017)

Post by scomac » 18 Jan 2017 13:30

Descartes wrote:1. Nisser is talking about buying now not 12 months ago. Prices of the CDN banks have changed somewhat since then.

2. Lemmings don't jump off cliffs to commit suicide - see what that evil Disney corporation did here.

3. While I don't know if there will be a "big" disappointment, I can't dispute that there might be an unrealistic expectation that US exposure is going to a huge catalyst for such CDN banks.
It's not the specifics of the example that are pertinent, but rather the point to be gleaned is that buying under performing assets can yield very good results on a go forward basis, particularly when it comes to the banks.
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
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Re: What did you sell? What might you sell? (2017)

Post by Koogie » 18 Jan 2017 15:26

AltaRed wrote:It's a bet that the US economy will benefit under a Trump administration. Like some others, I think this is no better than a flip of the coin and remaining diversified remains the best strategy over the long haul.

The twittering twerp, at a minimum, creates havoc for business decisions. The good news is if business can see beyond 2020 IF the twittering twerp lasts that long (he may blow a circulatory gasket before then). The world order in trade will likely look different by then but it may not be the US that remains supreme.
I don't care for Trump at all but for those that do (might ?) probably not the best thread/forum to be throwing political insults around in ?

{{Reminds me uncomfortably of the anti-Harperism garbage we used to get ...}}
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Re: What did you sell? What might you sell? (2017)

Post by AltaRed » 18 Jan 2017 15:41

Ah, but I (and millions of others) are having fun at his expense. Just like SNL and Bill Maher and....... Those who stand out like a punch bag witih a bulls eye on them are fair game. Trump could start by deleting his Twitter account and stop taking everything personally...with his classic stupid responses. He actually could be quite effective draining the Washington swamp if he started to show some maturity.
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Re: What did you sell? What might you sell? (2017)

Post by Koogie » 18 Jan 2017 16:11

AltaRed wrote:Ah, but I (and millions of others) are having fun at his expense. Just like SNL and Bill Maher and....... Those who stand out like a punch bag witih a bulls eye on them are fair game. Trump could start by deleting his Twitter account and stop taking everything personally...with his classic stupid responses. He actually could be quite effective draining the Washington swamp if he started to show some maturity.
In that spirit, let me tell you all about what I think of that little silver spoon twerp and his trip to the Bahamas...

see,,, a slippery slope and not the appropriate thread. But I defer to your judgement...
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Re: What did you sell? What might you sell? (2017)

Post by AltaRed » 18 Jan 2017 16:15

Agreed this is not the thread.....

FWIW. the only stocks (at the moment) that are on my possible sell list are PWF and ALA. The former due to its languishing capital appreciation over the last 5 year period (and even worse 10 year period), and the latter due to its potential move into a staid US NE utility. The trigger will happen when I have found good (in my opinion) replacements.
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Re: What did you sell? What might you sell? (2017)

Post by scomac » 19 Jan 2017 11:20

Going back a couple of years now I had indicated a desire to simplify things and move out of individual security selection outside of Canada. This has been an ongoing process on several fronts usually spurred forward when there is an opportunity to sell a legacy holding that can be offset with a tax loss.

With that in mind I sold out our remaining position in GPC that I have held since 2008. I had about half of the original amount that had been trimmed to conform to IPS limits. There was no other particular incentive to the GPC sale than taking the opportunity to get out of a large position with a large embedded capital gain in the most tax efficient manner. Fundamentally, the auto cycle has topped out and that has been reflected in the share price action, so the exit seemed timely. The tax loss candidate in this case was VFC which I had been building a position in for the past 12 months or so. It was down ~15% on cost, so that triggered an automatic review and the decision to sell was made.
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
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Re: What did you sell? What might you sell? (2017)

Post by jay » 27 Jan 2017 10:23

Sold my Torstar (TSE:TS.B) 'trade' position this morning at $2.08 for a +10% gain. This was with my newly contributed TFSA money. I had bought it a couple of weeks ago based on technicals, which still stand, and was hoping for a strong breakout, but decided to not be too greedy at this point.

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Re: What did you sell? What might you sell? (2017)

Post by JaydoubleU » 02 Feb 2017 20:21

Sold CGY, Calian Group. This one is up almost 15% already YTD and 81% over the last 12 months. A great little company. I held it through the downturn and it maintained its dividend. It has since been recovering nicely, but for me, it was time to cash in and look for other opportunities.

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Re: What did you sell? What might you sell? (2017)

Post by jay » 06 Feb 2017 15:10

Banks ran way too much the last couple of months. Sold out of National Bank today at $56.67, a 45% gain. This is non core holding that I bought early last year. Proceeds went partly to CCO and BCE and the rest will be in cash.

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Re: What did you sell? What might you sell? (2017)

Post by Thegipper » 07 Feb 2017 16:36

Got out of Teva. They have lost some patent protection and they are in the Trump crosshairs for excessive pricing.

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Re: What did you sell? What might you sell? (2017)

Post by Pickles » 09 Feb 2017 08:24

Jay reminded me that I, too, sold the remainder of my NA in my rrsp account in recent days, at $56.55. I am keeping my holding in my non-registered account, which i have built up over the past 2 years on the dips.

I had initially bought my rrsp NA at about $54 only to seee it slide down significantly, i had added to it on each slide until I owned more NA stock than I wanted and was glad when the stock finally appreciated in price. I am still in a quandary about where to invest next. I have far too much cash (first world problem).
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Re: What did you sell? What might you sell? (2017)

Post by Thegipper » 09 Feb 2017 22:22

Pickles wrote:Jay reminded me that I, too, sold the remainder of my NA in my rrsp account in recent days, at $56.55. I am keeping my holding in my non-registered account, which i have built up over the past 2 years on the dips.

I had initially bought my rrsp NA at about $54 only to seee it slide down significantly, i had added to it on each slide until I owned more NA stock than I wanted and was glad when the stock finally appreciated in price. I am still in a quandary about where to invest next. I have far too much cash (first world problem).
I have the same problem. I am looking at the USA Vanguard funds. The small cap ETF is the one I think I will buy.

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Re: What did you sell? What might you sell? (2017)

Post by Shakespeare » 14 Feb 2017 13:10

Exited AQN. Nothing wrong with it, but I am above my equity target (as is shown on my spreadsheet :wink: ) and it is a small holding; today's price seems a good exit point. I am expecting a correction at some point and will save the cash for later deployment.
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Re: What did you sell? What might you sell? (2017)

Post by SkaSka » 14 Feb 2017 15:32

Dodged a bullet on GILD after selling it early last week before the quarterly report came out.

After reading through the annual report and a few quarterly reports, I decided I didn't quite understand where the company was heading. While it looked cheap on first glance metrics (P/E, FCF, Dividends, etc), which was the primary reason I bought, I felt uneasy after reading the reports and not quite grasping the company.

Ended up selling for the same cost basis I bought at and got to collect one dividend payment so no loss, no gain.

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Re: What did you sell? What might you sell? (2017)

Post by OnlyMyOpinion » 14 Feb 2017 20:40

Sold ~2/3 of our TDB622 (monthly income fund) for gains offset by the sale of the last of some still underwater prefs.
Timing was simply to provide cash for gifting.
TDB622 has been held since pre-etf days and has done ok despite its 1.47% MER :shock: .
Notable that while we've lost $5,357 of annual income it provided, we've also shed $3,816 of annual MER.

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Re: What did you sell? What might you sell? (2017)

Post by brad911 » 17 Feb 2017 14:59

Sold 25% of my over weighted position in CPX (Capital Power) yesterday at $25.25
No change in fundamentals and a company I'll continue to hold, but I needed to trim it badly.
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Re: What did you sell? What might you sell? (2017)

Post by Shakespeare » 08 Mar 2017 14:03

Sold 2/3 of my BMO. Equities are above target and 3.4% yield is too low (i.e. it's overpriced).
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

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Re: What did you sell? What might you sell? (2017)

Post by schmuck » 08 Mar 2017 15:24

Shakespeare wrote:Sold 2/3 of my BMO. Equities are above target and 3.4% yield is too low (i.e. it's overpriced).
A bit surprising as a FED rate hike is almost a sure bet next week which is supposed to benefit financials over other high yielders, even in Canada. Unless of course the expected hike is already built into the market, and a bigger bombshell might be Morneau raising our cap gains tax. Any concerns about that?

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Re: What did you sell? What might you sell? (2017)

Post by Shakespeare » 08 Mar 2017 15:27

Unless of course the expected hike is already built into the market
Ya think? :wink:
a bigger bombshell might be Morneau raising our cap gains tax. Any concerns about that?
Nope. All my funds are in registered accounts.
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

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Re: What did you sell? What might you sell? (2017)

Post by BRIAN5000 » 08 Mar 2017 16:35

Shakespeare wrote:Sold 2/3 of my BMO. Equities are above target and 3.4% yield is too low (i.e. it's overpriced).
IQT says overvalue yield is 2.6% where did the 3.4% come from?

From their sample https://www.iqtrends.com/
“Sometimes you are going to sell early and wish you would’ve held on, other times you will hold on a
little bit longer and wish you would’ve sold early - this is just part of the game.” - Frank Zorilla via Abnormal Returns

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Re: What did you sell? What might you sell? (2017)

Post by Shakespeare » 08 Mar 2017 16:56

where did the 3.4% come from?
My memory.

(TD is even more overpriced at 3.1%also overpriced at 3.4% yield but is more of a 'core holding' than BMO, remembering I hold all 5 big banks.)

Edited to fix spreadsheet mistake.
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

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Re: What did you sell? What might you sell? (2017)

Post by jay » 09 Mar 2017 10:06

Shakespeare wrote:
Unless of course the expected hike is already built into the market
Ya think? :wink:
a bigger bombshell might be Morneau raising our cap gains tax. Any concerns about that?
Nope. All my funds are in registered accounts.
in Financials, I think asset managers is the only sub sector that remains very attractively priced. I am looking to add to TSE:POW on the Canadian side, initiate a new position in TSE:GS and also considering NYSE:WDR for its awesome fundamentals.

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Re: What did you sell? What might you sell? (2017)

Post by jay » 24 Mar 2017 12:57

Sold half of my Canam Group (TSE:CAM) holding at $6.37 for a +10% gain. Bought it last week at $5.8 as a trade. Good to get lucky sometimes.

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