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Sell Rayonier (RYN)

May 28, 2010 @ 1:08 pm | Sell | 9 comments

I’m selling Rayonier (RYN) out of the Jubak Dividend Income Portfolio today. Nothing wrong with the stock—when the real estate market does finally turn, this timber and real estate REIT will do quite well.

But that’s part of the problem. The stock has held up so well that the 4.43% yield doesn’t compare favorably to the higher yields offered by stocks that have been beaten up in the recent correction.

 I’m selling Rayonier today to make room for one of the higher yielding stocks that I picked in today’s post “The selloff has created big bargains in dividend stocks”  https://jubakpicks.com/2010/05/28/4084/.

The stock’s price is up 10.2% since I added it to the earliest version of the dividend income portfolio way back in December 2005. And, of course, the stock has paid that solid, Treasury-note-beating dividend for all that time too.

Full disclosure: I will sell Rayonier out of my personal portfolio three days after this is posted. I will also be selling Rayonier out of my Jubak’s Picks portfolio today.

9 Comments

  1. Seaturtlelady
    Seaturtlelady on May 28, 2010 at 3:03 pm

    Oops…that should have read “discovered your SITE”…duhhhh!

  2. Seaturtlelady
    Seaturtlelady on May 28, 2010 at 2:32 pm

    Heyyy Jim…

    RYN along with PBR were my first two buys after I discovered your here and still remain my best sells as of today! 🙂

    Thanks a bunch!

  4. bsdgv
    bsdgv on May 28, 2010 at 2:13 pm

    > Spain being downgraded from AAA to AA…will this have a minor effect on the U.S. Stock Market??

    It definitely IS having an effect on the U.S. Stock Market. Watching closely…

  5. Seaturtlelady
    Seaturtlelady on May 28, 2010 at 2:06 pm

    Off Topic…

    Spain being downgraded from AAA to AA…will this have a minor effect on the U.S. Stock Market??

  6. Seth @ Boy Meets Food
    Seth @ Boy Meets Food on May 28, 2010 at 1:54 pm

    Same here yx.

    Jim, I thought you would have sold when it hit your predicted price. As soon as it passed $50, I figured I had made plenty of money on my investment and bailed.

  7. yx
    yx on May 28, 2010 at 1:50 pm

    I sold PCH too in late April with very substantial gain for only couple of months ownership. I bought in late Jan.

    I always buy during dips, but for some reason I am buying anything now.

  8. bsdgv
    bsdgv on May 28, 2010 at 1:48 pm

    Why RYN but not PCH (which is also in the Dividend portfolio)? They are both in Paper and pay similar dividends. IMO, RYN is better than PCH.

  9. yx
    yx on May 28, 2010 at 1:48 pm

    Sold in late April (!) with substantial gain for only half year.

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