Its tough to sell the positions in companies that I evaluated them to be worthy of my portfolio of quality companies and hard earned capital used to build those positions. However, there are times when fundamentals change dramatically due to multitude of reasons. I believe that with we are in that period where energy segment is struggling to stay above the water, to say the least and it will be a while before it recovers.
I believe that BHP Billiton (BBL) is another company that I find fit to sell due to its deteriorating climate, charges related to Dam cleanup operations, commodities price slowdown and increasing cost of accessing capital. In order to protect the capital from further deterioration & reduce impact on passive income, I’ve decided to trim positions in BBL, though, still not completely sell them.
I sold 100 positions in BBL at $20.87 on 12/14. It was a tough decision for me to sell these positions. I’ll deploy this capital in other quality companies.
Full Disclosure: Long on above mentioned companies.
Thanks for reading.
What do think about my decision to sell BBL.