As I previously mentioned, I was aiming to get out of Walmart (NYSE:WMT) at around $75. Today after checking the price was $76 so I sold. I don’t believe this is a bad investment, I just believe it is at the top of my value estimate and I would rather have the cash for other more attractive opportunities.
I’ve sold for a profit of 30%, or roughly 22% annualised as I bought it at the end of 2011. Hardly stellar performance but it’s done pretty much as I expected.
Disclosure: WMT no position.