on July 13, 2006 I bought 50 FDG at USD 30.2 each spending a total amount of $1510. I wrote why I chose Fording Canadian Coal right on this Blog. I’m surely glad of my choice.
Today FDG hit my 40% up target, to which I should add dividends worth another 16% that I cashed meanwhile. As my 50 FDGs hit 40% target I:
1) Sold 35 FDG shares at $ 45 each cashing a total amount of $ 1575, more than what I spent to buy 50.
2) Kept 15 FDG shares left (worth $675). They are now free stocks, thanks to my FREE STOCK STRATEGY.
The stock looked like a bargain when I bought it. It looks less so now, but I’m happy to own my 15 free FDG:
- Coal is nowadays an heavily requested commodity
- FDG still offers juicy 5% dividend yield.
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