Hello, Just wanted to notify of my actions today. Some trades where made:
Sold Compass Minerals Inc
Taking a 4.79% loss here and relocate the money to something safer. While it may seem like putting “salt on the road” is a safe long-lasting business, the company has increased it´s risk with increasing the debt after heavy investments. The Debt/Equity is now 1.78 (which I prefer to have around 1), and it´s even more crucial that it´s low for cyclical companies. Also, CMP faces more headwinds with increased risk due to aggressive expanding of capacity. Probably meaningful upside, but let´s just stay safe for once.
Nothing special. Just trimming the position from 6.8% to something closer to 2 %. Trying to be a bit more conservative on the speculative bets. Also, major reason is that REITs make up 25% of my portfolio (too much), and I want to increase more on O and HCN in the future. With VER being so big, the task of buying great companies while having somewhat sector diversified portfolio becomes harder.
Added to CVS Health Corp
Bought 14 shares of CVS at $68.76
Added to Veidekke
Bought 100 shares of Veidekke (VEI). Post coming soon about this great company.
That´s it folks. I still have some capital left which I´m thinking of adding to Veidekke, Hormel Food Corps, Omnicom or Dominion Energy. What are you looking at right now?