I just updated my data on Trulia (TRLA). Last quarter the company was expected to make seventy five cents a share in 2014. Now its expected to lose twenty three cents a share this year. I didn’t check to see the reasons why, I guess its to invest in its business or something. To me the reason doesn’t matter much. What matters is the profits.
2015 profit estimates also dropped. From $1.00 to $0.34. At least this figure stayed positive.
I’ll sell TRLA from the Growth Portfolio today. Luckily the stock hasn’t dropped much from where I bought it. It’s selling for $31, I got in at $34. I feel the market is fully valued here and I would like to have some cash on hand for some other good stocks if they go on sale.
