Monday, June 21, 2021

Selling Weyerhaeuser (WY) @ $34.25 (122.45% Gain)

 I bought Weyerhaeuser in march of 2020 Thinking there was no reason for this stock to drop 60% due to the pandemic. I had assumed it would bounce back in a year. This thesis has worked out as expected.

- I'm selling while timber prices are at a peak.

- Forward Div Yield is 2% which tells me the stock is slightly over priced.

Since I am not interested in a low dividend for a solid, slow growth company, my work here is done. I am selling and moving on to a more lucrative investment.

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