Courtesy of Dr. Paul Price of Market Shadows
We sold Johnson Controls (JCI) this morning, an original Virtual Value Portfolio holding, after its great run since last October when we bought 117 shares @ $25.86.
The media is now touting 'economic recovery' which has helped boost cyclical shares like JCI. We are fighting the urge to see just how far JCI can climb. I am satisfied that today's quote represents fair value.
We locked in $41.76 today for a hefty 61.5%, 10.5-month profit (plus some dividends along the way). We're adding the $4,885.92 proceeds to our cash reserves.
See full details on all closed-out and open positions in our full portfolio here.
