Sell: Westinghouse Air Brake (WAB)
Updated from Wall Street’s Best Investments 777, January 20, 2016
From Hendershot Investments
Wabtec’s (WAB) business fundamentals deteriorated as the company faces challenging freight industry conditions and continues to digest the debt load from its big acquisition of Faiveley Transport. As a result, we decided to apply the brakes to Wabtec by selling our position for a 15% total return over the last two years.
Sell: MasterCard (MA)
Updated from Wall Street’s Best Investments 788, December 21, 2016
From Hendershot Investments
Over the past four years, MasterCard’s (MA) stock has charged up a 133% total return. With the stock appearing fully valued, we plan to trim back our position and pocket some hefty profits.
Ingrid R. Hendershot, Hendershot Investments, www.hendershotinvestments.com, 703-361-6130, March 2018