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  • Writer's pictureIshfaaq Peerally

STOCKS I'M SELLING



It is harder to sell a stock than to buy one.


There are three stocks that I'm currently selling and it is for three different reasons.


1. UNFI $UNFI

I bought UNFI in early 2021 and it became the largest position in my portfolio. I took some profits but still believed that the stock was undervalued and kept holding. Unfortunately, I made a mistake and the fundamentals of the company changed. At the current price, UNFI is fairly valued.


2. Essent Group $ESNT

This one is undervalued but I want to focus on my investment in Genworth Financial $GNW which has a better risk-reward asymmetry.


3. Prosus $PRX.NV

I invested in Prosus since it was buying Tencent $0700.HK at a discount. Tencent is no longer undervalued and the spread between Prosus NAV and price has mostly vanished. Therefore, it is better for me to take profits and focus on Alibaba $BABA .


https://www.youtube.com/watch?v=BEPoW7vZpZc



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