Selling stake in Invesco.
We bought Invesco around $15 and around $10. We are taking 30-100% profits today on overbought conditions and less appreciation potential. Invesco is a good company, but we do not see it having a high likelihood of a double or triple from here, which is what we look for over 2-5 year cycles. Dividend collectors may elect to keep a small stake given the large dividend.
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Invesco seems to be doing everything right by getting on the right side of the big trends. Will its acquisitions work out and is it a buy though?