Common Cents sold a portion of its V position at $76 on October 16, 2015. This portion was previously purchased at $69 with an intention to sell after an approximate 10% increase in share price. The V position is now at its target allocation.
Going forward, Common Cents will look to make this trade again on an approximate 7% - 10% pullback from its current levels. At $76, Common Cents feels that V is approximately fairly valued. However, a potential acquisition of Visa Europe may alter the current valuation.
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