OK patience finally ran out today and both Tesco and Morrisons have gone from my portfolio.
Frustrating to say the least, and with hindsight, far too late but, with one dividend cut at Tesco, management change, and ongoing suspicion about accounting standards and culture; and continued speculation around Morrisons dividend, coupled to a patchy strategy, my reasoning is to boost my war chest and recycle the remaining funds back into something with a little more certainty around its current situation.
Obviously not happy with myself for holding on, and probably will watch as they bottom and rise from here, but I've spent all of this year to date speculating as to their merits of a place, and longer still spent speculating about Morrisons strategy and management!
So better to cut my losses and start looking forward again.
C'est la vie!
No comments:
Post a Comment