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We're trimming a stock at record highs and redirecting the profits into a lagging name
Our sale does not change our long-term thesis.
14 words~1 min read
Our sale does not change our long-term thesis.
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The sale will also help us rebuild our cash position after a series of buys.

We're not making a call on the upcoming results, but we would like to have more wiggle room.

The stock has bested the S&P 500 this year after a long period of being a drag on our portfolio.

This sale doesn't reflect any change in our positive view on the stock.

The sale is a matter of portfolio discipline.

This sale does not reflect any change to our long-term positive thesis.