08-13-2015, 03:14 PM
(08-13-2015, 03:10 PM)rapidacid Wrote:(08-13-2015, 02:50 PM)EricL Wrote: Sold British Petroleum (BP)
I'd be interested to hear how you came to this decision
I needed to sell something to free up funds to buy the new positions. I am already overweight oil and like XOM, OXY, CVX, COP, EOG, etc. more than I do BP.
I think both FAST and UPS are trading at attractive valuations and have a clearer path to growth than BP does. I give up some dividends, but think over the long run the much higher growth rates will more than make up for it.