Why I'm Selling NCR Corporation
As much as I love NCR Corporation (NCR) and their ATM business (I was a shareholder for 6 years), this is a business that directly depends on the health of the Financial sector, which appears to be deteriorating on a daily basis. Also, now that the Fed started to admit inflation, markets are skittish overall, so any negative news story or careless comment by an analyst could easily move NCR down from its peak. This peak was reached following the tax free spin off of Teradata (TDC) (which I have not sold) a month ago and better than expected earnings report last week.
Please note that a story on TheStreet.Com Thursday mentioned that Jim Cramer “likes NCR to buy into the coming spinoff of its holdings in Teradata.” If that is what he wanted to do he should have bought in September and it would have been a good strategy yielding north of 12% in just a month.
Disclosure: none
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