Sunday, June 15, 2008

Sold my Beer- BUD

A few months ago, I decided to invest some of my IRA money in Budweiser. Even in a downturn, I expected the parent company of the King of Beer would continue to generate nice cash flows. It was intended as a long term investment. Luckily, it turned out to be buyout target and the stock shot up in value. Friday, I closed out the position and moved the proceeds to cash.

While the people who stay in through the buyout will probably make a little more money, I didn't want to be greedy and decided to take profe,its now.

Of course, the investment in AIG has not turned out so well, but that's another story.

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