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WPC - The Retiree's Dividend Portfolio - Jane's November Update: A Reminder Why We Sold Shares Of CBL.PD
W.P. Carey Inc. REIT
For those who followed my articles regarding John and Jane, you might remember that at one point Jane held a small position in CBL in the form of preferred shares D (CBL.PD) in her Traditional IRA. It was a tough pill to swallow selling the preferred shares at $11.04/share but the road ahead appeared too challenging for CBL to navigate.
Fast-forward to now and it becomes easy to say that I made the right decision in selling out of this position with shares now trading at 50% less than what they were sold