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Nicholas (NICSX)

Sell: Nicholas (NICSX)
From Bob Carlson’s Retirement Watch
Updated from Investment Divest 773, September 23, 2015

We’ve invested in U.S. stocks through Nicholas fund. The fund is one of the best during almost any period you want to name going back to its founding in 1969. But it has had problems since last fall because of its large position in Valeant Pharmaceuticals International. Valeant continues to struggle, and that’s holding down our returns. In a period when I expect relatively low U.S. stock returns, we can’t wait for a turnaround. Sell.

Bob C. Carlson, Bob Carlson’s Retirement Watch,, 800-552-1152, June 2016