Should we have sold Sunoco stock....?
...when the going was good? The IHNOW Delaware Valley model portfolio saw an annualized return of 12% as of September 8, 2006. Sunoco was purchased by the model portfolio on July 11,2006 at a share price of $69.11. As prices at the pump soared, so did Sunoco stock, rising over 14% in less than a month to $79.33 on August 9, 2006. Gas prices have been substantially moderating and on September 8, 2006 Sunoco share price dropped to $65.50 approaching Unisys as the biggest loser in the model portfolio. While ownership of Sunoco is satsifying its role as a hedge against prices at the pump, perhaps we should have consolidated some of our gains while the stock was flying high and invested in another area stock so as to diversify the portfolio....
posted by B R at
9:31 AM
2 Comments:
Intersting idea
Interesting idea BUT do you take into consideration the corporate practices of the companies you are looking to invest in or are you only interested in making money? Personally, I would never invest in Merck or most major Big Pharma companies. Read the book Body Hunters by Khan which just came out about Big Pharma, price gouging, and using poor people of color as guinea pigs (yes that is still going on) in clinical trials which would never get past industry regulators here in the US and denying them live saving medications. How does buying stock in companies like this "advance the economic, environmental and social wellbeing of the residents of the regional community through the development of diverse and sustainable business activities" and teach young people what socially responible investing is all about?
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