Taubman Centers Removed from the SMA Portfolio

By on February 12, 2020

Taubman CentersMall REIT Taubman Centers (TCO) was sold this morning at $53.20. TCO was purchased at $33.00 on January 2, 2020 and received a takeover offer of $52.50 in cash from Simon Property Group on February 9, 2020.

I’m raising cash as part of a bold move to explore more opportunities in the beaten down energy complex; a sector CNBC’s Jim Cramer has deemed “not investable.” The kind of negative sentiment voiced by Cramer is warranted given the dismal performance of energy stocks over the past 5 years, but appears to have created a great contrarian opportunity.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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