Saturday, 16 December 2017

Sold QCOM

I recently sold my shares of QCOM because of the pissing match between it and Apple, and more recently Broadcom. I just feel that the share price is somewhat unstable, so why not take a profit.

With Broadcom trying to take over QCOM's board, I'm stuck wondering if they will ever increase their offer of $70 per share. Insert Microsoft's and Google's concern about the Broadcom-QCOM deal and who knows where this is going.



Over the 7 months I owned QCOM, the share price has appreciated about 22%. Counting the three dividend payments I received, my investment has returned 26% ($1,378.94 / $5,332.95).






4 comments:

  1. Nice ROI mate. I am still holding on to QCOM. I think Broadcom will raise the price to higher 70s.

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    1. I can see Broadcom raising it's bid for QCOM if they manage to take over the board. It's an interesting story to follow. I'm hoping that Broadcom doesn't take over the board, drops it's bid and I can buyback QCOM shares for $55. Good luck.

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  2. That's a solid return in less than 12 months. Hey, if it doesn't meet your investment strategy, then get it out of there! Do you have any losses to offset the short-term gain?

    Bert

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    Replies
    1. Hey Bert. I held QCOM in an Registered Savings (RSP) account, so there is no tax on capital gains and dividends. I will however pay tax when I withdraw $$$ during retirement.

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