I am selling a position
One of my portfolio companies reported earnings on Tuesday, and while this article will go over these, the main goal is to explain why I am selling my position in the company. I still believe this company is a brilliant business (one of its segments might be one of the best I have ever encountered), and my decision to sell is not related to its business quality but rather to its prospects as an investment (hopefully you’ll understand what I mean by the end of the article).
Before going into the reasons for the sale, let’s take a look at the quarter.