Friday, July 24, 2015

V Sale @ $76.5

Common Cents sold a portion of its Visa position at $76.5 on a sharp increase related to V's quarterly earnings report.  V was fairly valued prior to the release of the quarterly results, so a portion of the portfolio was trimmed to lock in some profit.  Going forward, the long-term prospects of V are intact, and the business seems to be performing better than expected, especially in a tough global environment.

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