Rate Of Return【Day 11】Learning to cut losses
#MyInvestmentDiary
Operation: Looking to sell Copart
Reason: Copart's previous earning reports have been disappointing to say the least and the price action has been downward spiralling for months.
Insights: First opened a position in CPRT because its P/E ratio was attractive and its business model is unique. However, stock price has been down ever since and never looked to have a strong recovery. Given its business model in a relatively Unstable economy, I don't see it performing anytime soon and rather than parking my money there, I'm thinking of cutting losses and moving on.
@Bridge Buzz SG
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