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Selling Agrium

By Market Shadows
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Selling Agrium

By Paul Price of Market Shadows

We sold 32 shares of Canadian-based fertilizer manufacturer Agrium (AGU) this morning at $96.17 per share, jettisoning it from the Virtual Value Portfolio. AGU's performance has been underwhelming and I fail to see any near-term catalyst to get the stock moving higher.

The recent recovery allowed us to take a very modest gain of 1.33% plus dividends.

AGU 1-year

We’ll put the $3077.44 net proceeds into our cash reserve. We continue to show excellent overall results and hope to redeploy this cash into something more exciting.

Check out all our closed-out and current equity holdings: Virtual Value Portfolio.

 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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