Thursday, April 23, 2015

Selling BAX

I think it's time to sell BAX.  It's been a poor performer, down around 5% since I bought it.  They had a poor EPS quarter to end 2014, and another poor quarter to start 2015 (see below).  The stock is UP today on improved 2015 full year guidance, but I don't believe them.

Furthermore, they are doing a spin off this year, and I don't know what the new companies will like post spin, nor do I know what impact this will have on the dividend.  Time to look for a better company to invest in.

Possibly Abbvie....we'll see.  Limit order placed just above latest price.


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