Wednesday, May 24, 2017
Selling World Point Terminals (WPT)
The company is going private at a price that will result in around a 11% loss. I held the stock as I expected the parent company to to place more assets into this vehicle. It never happened. We got a decent amount of dividends and if they are included we are about breakeven. This was not a well thought out pick in retrospect and should have been culled earlier.