I sold some shares recently to reduce my exposure to Merchants Bancshares Inc. It has been a large percentage of my overall portfolio and has become more fairly valued, making the margin of safety low. I do however still maintain a large position in the company and feel it’s a good investment.
The recent stock market drops are a good thing for the overall market. I think the recovery has been too fast and based somewhat too much on the fed temporary easing… it has to end sometime. It’s about time for the markets to show strength on their own merits. Some smaller pullbacks now […]
Merchant’s Bank (MBVT) has done very well over the last 3 months. I believe it’s time to take some profits. I sold a sizeable portion of my position in Merchant’s today, most of which I purchased back in early 2011, making a gain of about 65%, not counting dividend revenue which has been around 4% […]
Merchant’s Bank (MBVT) has recovered from a recent sell off. Since I bought the additional shares with the whole intention of selling once the share price recovered I sold some of those shares today for a quick 4.49% gain and will most likely buy again if the the price drops significantly again. Again, I am […]
I added more to my position in Merchant’s Bank (MBVT) today at $26/share. Took advantage of the overall market selloff in equities. Dividend yield on Merchant’s at this price is now 4.30%. My opinions on this company have not changed.