07-15-2014, 08:50 AM
Here is a link to my portfolio update on Seeking Alpha.
Will likely be another move in the next couple of days as Lorillard/Reynolds announced their merger this morning. LO sold off hard and is about 10% below the merger price so I think I will hold off and let the dust settle a bit before selling my shares. I own RAI in another account and rather than waiting for the merger to finalize I plan on selling my position and re-directing the cash. I'm leaning towards buying another utility for the portfolio.
Will likely be another move in the next couple of days as Lorillard/Reynolds announced their merger this morning. LO sold off hard and is about 10% below the merger price so I think I will hold off and let the dust settle a bit before selling my shares. I own RAI in another account and rather than waiting for the merger to finalize I plan on selling my position and re-directing the cash. I'm leaning towards buying another utility for the portfolio.