| |
Kelly, I can't advise you on your individual decision on GNT. I do suggest that you study the comments about GNT on line, such as at the Motley Fool, where GNT is part of the Boring Portfolio. MFBoring reports regularly on GNT and a Fool Search will point you to many remarks on it. I assume that you've read the Conference Call Synopsis I pointed to, as well as the recent financials on GNT and news you can access at biz.yahoo.com
Is your 25% gain some critical goal for you? Have you another, better investment into which you'll put your 16% after-tax gain? Or do you need the after-tax cash for some critical need? The Motley Fool investment strategy is not to sell a stock unless there is a better investment available. Its been more successful than many in recent years, and one you might consider. Details at fool.com
I'm holding my one block of GNT, even though I have a 47% gain since May 13. I don't think its overvalued, I think it has potential for continued long-term earnings growth substantially in excess of its PE, and is raising its dividend and buying in stock. All shareholder-friendly behaviors. And if I sell, I'll have to pay tax on my gain, reducing the amount available to invest in something else.
You have to make your own decision based upon your goals, situation and tolerance for risk.
Doug (long GNT) |
|
