Yes, I sell it all, and reinvested the money in some stocks of Exchange Income Corporation (EIF) at 22.29$.
I first invested 2 224.47$ in YLO when the company was still an income trust. That was back in 2009 I guess. Currently, my investment in YLO worth 2 297.10$. If I sell now, I will be making a profit of 72.63$. But that’s not exactly it. Because I register to a DRIP (all dividend earn had been reinvested), the market value of my investment in Yellow Pages is of 2 602.56$. If I sell YLO now, I will be losing 305.46$. To sell or not sell YLO. I will pretty much like to sell it and reinvest the money in a quality stock and by doing so, I may be able to recover from my 300$ loss within a matter of a few weeks.
So that’s what I did – one minute ago – I sell all the stocks I hold of Yellow Pages Media Inc. (YLO) and I reinvested the money in some stocks of Exchange Income Corporation (EIF). This company is doing extremely well. On top of that, EIF paid a monthly dividend.
I could no longer stand Yellow Pages Media Inc. (YLO) and I am happy with my move. So welcome again, Exchange Income Corporation (EIF)!
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2 comments:
Hi Sunny,
Sorry about your loss on this one, but glad you finally got out! You know I been telling you this stock was on the way down ;) Many of these income trusts had only their yield, and yellow media hasn't been able to refocus its business model in time. Good decision!
Hi Dividend Ninja,
Selling YLO was a hard difficult. I was holding YLO since a while now and selling it was not easy. But I did, and it was a good decision yes. YLO currently is at 4.45$...
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