Sneaky Falcon Enterprises, LLC has sold 100 shares of Fluor Corporation (Ticker NYSE:FLR).
Fluor was supposed to be easy money; somewhere safe to sock away a big chunk of Cash with a dividend and steady growth rate when the markets were acting up. And here we are, in need of cash, dumping another loser. Easy money…
FLR shares were sold for a price of $49.24 resulting in $4,917 in cash (after commission). The sale resulted in roughly a $314 loss, or a return of -7%. We also pocketed $84 in dividends, with another $21 due to us in July.
We hit some rough patches with Fluor, with this “stable” holding slowly falling off a cliff within months of our purchase. A subsequent rebound put us way in the black, with share prices reaching nearly $62 earlier in the year. But, in proper Sneaky Falcon tradition we scoffed at our gains, and watched as it dropped nearly 25% in one day due to weak guidance.
As mentioned, we had a lot of cash tied up in this one, and we needed to free up some funds (more to come on that). We’ve really paired back our stock holdings lately; let’s see how it pays off for us…
We still have a few stocks left. We really do. Take a look at our portfolio page to see our other investment holdings.
The post #RAGETRADE – Sold FLR appeared first on Sneaky Falcon Enterprises.
