RE:Remember when I said ...Sarge - Hope all is well. Good update. As you know, been on the sidelines of AQN as soon as they announced the Kentucky deal. With Banditota gone I am watching for a change in the Board and a begiinning of AQN's recovery. Once I see that I will initiate a position, but as long as the Board shows no strong direction or strategy and still too much leverage, to me it is premature to get in. All the best.
SargeX wrote: Just to come clean and update our AQN holding. A while back, I said that I was confident that AQN would eventually get to $14 and I woud think about trimming when it did. As time has gone on, I starting thinking of hedging my bet a little and doing some trimming. I also realized that with some of our other divy stocks getting beat up that there were better opportunites in those companies.
So I decided to gradually reduce our 20,230 shares by 6735 down to 13,495 at an average sell price of $10.78. The net AQN result for 2023 including some previous short term trades is a profit of $11,794. I spent most of the sell dough on other stocks but kept an extra $2718 in cash. Also, our annual dividend income has increased by $326. Lastly, we had one non-reg account that had a way higher buy price than our avaerage across all our accounts and I sold all shares of that account for a capital loss tax saving of $4658. (offset our big cap gains on selling off FTS).
Bascially, as I view it, we gained on a number of fronts with realizing a decent profit, keeping a little extra cash, adding to our annual dividend income, and saving some significant taxes.
If AQN does get to $12.50 or so, I will think about trimming more and maybe starting a position in ACO.X (to keep our same utility weighting).
Ciao
Sarge