SOLD OUT: POWER FINANCIAL (TSX:PWF)

SOLD OUT: POWER FINANCIAL (TSX:PWF)

November 7, 2017

SOLD OUT

Today I sold out of PWF at $36.75 per share.  I still like PWF a lot, however, I like to have a 15% cash balance in the portfolio and the investment in PWF has served it’s purpose for the time being.  Proceeds, equating to about 5% of the portfolio, will be used to boost cash holdings and for investments in new holdings such as DISCA (Discovery Networks) and top-ups on others (AMBAC).  I still own PWF in other accounts and like the investment.