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Glenn Rogers is a longtime contributor for ( His background is in Media and Publishing and has held a number of senior positions in major magazine and newspaper organizations. He has also successfully partnered with private equity firms to... More
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  • Take Profits On CVS 0 comments
    Mar 18, 2013 7:16 PM | about stocks: CVS

    CVS Caremark Corp. (NYSE: CVS)

    Originally recommended on April 19/10 (#20115) at $37.14. Closed Friday at $53.58. (All figures in U.S. dollars.)

    Another stock that has done well for us is drugstore chain CVS Caremark. It was originally recommended in April 2010 at $37.14 and closed Friday at $53.58.

    The company reported fourth-quarter and year-end results in February and they were very good. Net revenues were $123.1 billion, a 15% improvement over the year before. Net income rose to $3.03 per share compared to $2.59 in 2011.

    The stock has recovered well from its low of below $25 in March 2009. However, it is now trading at an all-time high so we're going to ring the till and take our profits. Including dividends we have a total return of 50.2%.

    Action now: Sell.

    Stocks: CVS
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