 BNN is traditionally a channel for day traders- the what is hot today conversations often litter the broadcast. If you have been a reader of my blog it is needless to say this channel therefore doesn’t normally interest me. While flipping around the TV the other night I accidentally landed on BNN which was showing an episode of the series Stock and Awe as it differs from their normal format of stock “experts” and speculation I paused to give it a watch.
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 On Friday February 7th Puget Power announced the closing of the sale of its core business at $30 per share. Regular readers of my blog will recall that I recommended a purchase of PSD in November of last year at $18. If one includes the $.25 dividend payment from Jan 16th, and the pro rata dividend of $.04 this transaction returns $30.29, or a profit of an impressive 68%.
While I am very happy to have a 68% win on a 3 month investment (and hope several of you are also counting your fortunes this weekend) I think this is a good time to turn around and look at the trade again to see if it was a wise trade or a bit of wisdom and a bit of luck.
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