Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Take Profits On CVS

|Includes:CVS Health Corporation (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