We're adding back half the 80 shares we sold around $190 in May, and upgrading our rating to 1.
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We're downgrading it back to our 2 rating, meaning we would wait for a pullback before considering adding more shares.
It has been a frustrating decline, but we still view this weakness in the stock as a long-term buying opportunity.
We're taking a small portion of the freed-up cash to nibble on shares of a second name.
We're also downgrading the stock in conjunction with the sale.
We're taking half of the cash raised from the sale to add to one of the portfolio's recent spinoffs.
The market is cheering Friday, but we see limited upside from here.
