Recent Sells

Sell

Hello everyone can’t believe there are only two more days left in January. Today I am going to share with you the recent stocks I have sold in my portfolio. I don’t normally like to sell any stocks, at the time of purchase I always tell myself that I’m going to hold it for a long time. But sometimes you need to change things up for various reasons. On January 22nd, 2018 I sold three stocks in my RRSP (Registered Retirement Savings Plan) account.

The stocks that I will mention below were sold because:

  1. Wanted to diversify my portfolio
  2. Didn’t raise dividend lately
  3. Fell out of favour
  4. There are better companies out there to invest in.

 

The first stock that I sold was.

Nutrien Ltd

About Nutrien Ltd.

Nutrien Ltd is Canada-based crop nutrient producer and distributer of potash, nitrogen and phosphate products for agricultural, industrial and feed customers worldwide. The Company is focused on retail, potash, nitrogen and phosphate mining and processing operations. The Company’s retail operations serve growers in a number of countries across the United States, Canada, South Africa, Australia and South America. The Company operates six potash mines in Saskatchewan and has a mine in New Brunswick in care-and-maintenance mode. The Company operates integrated phosphate mining and processing facilities, as well as a number of smaller upgrading plants in the United States.

(Source: RBC Direct Investing)

Nutrien Ltd is a new company as of January 1st, 2018 it was created when Potash Corp of Saskatchewan and Agrium merged. I received shares of the new company because I owned shares of Potash Corp at the time of the merger. With the new there is no dividend as of yet.

I sold this company because after reviewing all of my stocks  I didn’t see it as a core holding, and I wanted to diversify my portfolio.

Gain/Loss

I came out slightly again I gained 1.46%

The second stock I sold was Westjet.

westjet_logo_rgb

About Westjet

WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States. Its airline offers scheduled service to over 100 destinations in North America, Central America, the Caribbean and Europe with its fleet of over 110 Boeing 737 Next Generation aircraft, over 30 Bombardier Q400 aircraft and over four wide-body Boeing 767-300ERW aircraft. It serves over 180 destinations. Its destinations include the United States; international sun destinations, and new London Gatwick routes. It offers vacation packages to Marina El Cid Spa and Beach Resort Riviera Maya; The Venetian Resort and Casino and The Palazzo Resort Hotel Casino in Las Vegas, and Half Moon, A Rock Resort in Jamaica.

(Source: RBC Direct Investing)

Selling Westjet was a tough choice for me I like the company, however I sold because they haven’t raised their dividend in a couple years and I don’t see them doing it anytime soon (knowing my luck they will raise it soon lol). The reason why I don’t see them raising the dividend soon is because they are busy setting up a new airline a Ultra low-cost airline called Swoop which will take to the skies in 2018. Also the airline is currently receiving new airplanes from Boeing and Bombardier which are costly. In the next couple of years Westjet will receive it’s first wide-body aircraft B787s.

If all of Westjet’s initiatives are successful I could see them raising their dividend in the future, but I am not a fortune teller. Now I will say I will keep my eye on Westjet and this stock come become a candidate to buy for my TFSA (Tax Free Savings Account) in the future.

Gain/Loss

I came out again once again, when I sold I had a gain of 18.48%

Dividend

With this sale I will lose $28 in annual dividends

 

My third and final sale was Exco Technologies.

exco-logo

About Exco Technologies

Exco Technologies Limited is a designer, developer and manufacturer of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company’s segments include casting and extrusion, and automotive solutions. The casting and extrusion segment designs, develops and manufactures die-casting and extrusion tooling, and consumable parts for both aluminum die-casting and aluminum extrusion machines. The casting and extrusion segment operates in North America, South America and Thailand, and serves automotive and industrial markets. The automotive solutions segment designs, develops and manufactures automotive interior trim components and assemblies for passenger and light truck vehicles. The automotive solutions segment is engaged in Polytech and Polydesign businesses, which manufacture synthetic net and other cargo restraint products, injection-molded components, shift/brake boots, related console components and assemblies.

(Source: RBC Direct Investing)

I purchased Exco last March, this company had practically zero debt and had raised it’s dividend for either 10 or 11 years in a row. What’s not to love right? Somewhere between March and January 2018 this stock fell out of favour with me, I couldn’t see buying more shares in the near future. Maybe it was because the stock price dropped quite a bit after I purchased my shares? I don’t know.

Gain/Loss

On this stock I lost money, at the time of the sell the share price was down 17.68%.

Dividends

With this sell I will lose $32 in annual dividends.

 

Well what do you think of these sells? I can tell you I am pretty excited about the stocks I replaced them with. I will post Thursday about those purchases. Please feel free to leave a comment below.

 

 

6 thoughts on “Recent Sells

  1. Oh man – I’ve actually been looking to add West Jet when/if it dips..haha
    I am also surprised you sold EXCO – I remember reading your post about it when you bough it – it was the first time I had heard of the company and started looking into it (i never ended up purchasing it though).

    I am curious to see what you replaced them with. Good luck!

    Liked by 1 person

    1. Hey Jordan thanks for the comment and reading the post. I really like Westjet and in the future I may look to buy back in but in my TFSA account, the reason why I sold was they haven’t raised their dividend in a couple of years and I didn’t see them doing so anytime soon. As for Exco this decision to sell may come back to bite me, but I just fell out of favour with them. I replaced them with very good stocks in my opinion 🙂

      Liked by 1 person

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