Today I sold 1-800-flowers at 2.85. We bought this on sep 27 for 1.85, a 54% gain in four months. There might be further upside but I am happy with this return. We cannot hold these cigar butts for a long time. With out a strong competitive advantage in the business, we need to get out of it. After further research, I was not too comfortable with the management team also.
Thursday, January 27, 2011
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