HCBK Sale and Weekend Stock News
by | Posted 9.3.2012 | Post Comment (No Comments)

As a portfolio update, I sold my position in Hudson City Bancorp (HCBK). The reason is that they agreed to be acquired by M&T Bank, so their stock priced jumped 15% in a day to go near the buy price.

It was a decent end to this investment, but overall, this ended up being the worst portfolio holding so far on Dividend Monk. There have only been two positions I’ve been somewhat dissatisfied with, and this was one of them.