I sold 70 Vance Info (VIT) shares today: they’re 40% up since I bought them in May 2008 June 30, 2009Posted by deminvest in growth stock, India Investing, investment, my free stock, nasdaq, Nasdaq stock, Single stocks, stock I own, stocks, VanceInfo Technologies, VIT.
VanceInfo Technologies is a Chinese software house.
A year ago I bought VIT because it was Chinese largest software house. I considered that fact as a great advantage over Indian software houses, which ended up losing more than half of their value in a year . Maybe I was right (link). Maybe I was just lucky to hit a well managed software house.
Today, I sold 70 shares of a great company: Vance Info (VIT). I sold them at $14.6 each. I made a total amount of $ 1022. I had bought 100 of them at 10.50 each in May, spending a sum of $1050.
So I got my money back (except $18 due to a mistake Imade with Trailing Stop Order), and I still have 30 Vance Info shares that I got for free. They are now worth $438.00 and that I will try to keep forever. This is yet another example of the free stock strategy.
I had to sell Vance Info because of my strategy, but I do think it is still a great company to own. The reasons that made me buy it are still there. What is really amazing about Vance Info,in this market, is
- Qtrly Revenue Growth (yoy): 46.80%
- Qtrly Earnings Growth (yoy):25.70%
- Total Cash (mrq):81.36M
- Total Debt (mrq):0 (yea ZERO debt)
Vance Info is still very good and I happy to own 30 of its shares. I’m even happier to know that I got them for free