Sell: KLX Inc. (KLXI)
From Cabot Undervalued Stocks Advisor
Updated from Wall Street’s Best Investments 803, March 21, 2018
Now that KLX Inc. (KLXI) has spun-off its energy services group, the remaining portion of the company will be exchanged for $63 cash per share at some point in the near future, as a result of its purchase by Boeing (BA). Investors should sell KLXI, which will likely trade close to 63 in the interim. (If you do not sell KLXI, you will eventually receive $63 per share for your stock.) Sell.
Retire: Bank of America (BAC)
From Cabot Undervalued Stocks Advisor
Updated fromWall Street’s Best Investments 799, November 15, 2017
Bank of America (BAC) is an undervalued growth stock that benefits from rising home prices and rising interest rates. I’m retiring BAC now to make room for a smaller bank to join the Growth Portfolio. Longer-term investors should feel confident in continuing to own BAC. Retired.
Crista Huff, Cabot Undervalued Stocks Advisor, www.cabotwealth.com, 978-745-5532, September 18, 2018