SELL ManTech International Corporation (MANT) | Daily Alert November 3
Updated from WSBI 828, April 16, 2020
ManTech International was removed from coverage because of its mixed Quadrix® scores and sluggish stock price action. A provider of technology solutions that generates nearly all of its revenue from the U.S. government, ManTech boasts a large backlog. But it is not among our favorite technology stocks, and we would not buy it today.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, November 2020
SELL Hanesbrands Inc. (HBI) | Daily Alert November 17
Updated from WSBI 831, July 16, 2020
We only had one stock that did not move higher this week—Hanesbrands—which tumbled after the underwear maker and owner of the Champion athletic brand posted disappointing quarterly results. Management announced a comprehensive strategic review of the business. The stock is being removed from the FDI portfolio. Even if you sell the stock, you have already earned a $0.15 per share dividend that will be paid on December 1.
John Dobosz, Forbes Dividend Investor, newsletters.forbes.com, 212-367-3388, November 7, 2020
*SELL Riviera Resources, Inc. (RVRA)
Updated from WSBI 822, August 16, 2019
Riviera Resources just announced that it expects to have between $0MM and $30MM ($15MM at the midpoint) available to distribute at some point in 2021. This is down from its previous range of $0MM to $40MM. It appears that winddown costs will be quite expensive. At the midpoint, a $15MM distribution works out to a $0.26 per shares potential distribution. I recommend selling Riviera shares.
Richard Howe, CFA, The Stock Spin-off Investing Newsletter, stockspinoffinvesting.com, 617-750-7454, November 11, 2020
*HOLD TD Ameritrade Holding Corporation (AMTD), will become The Charles Schwab Corporation (SCHW)
Updated from WSBI 791, March 15, 2017
The Charles Schwab Corporation completed its acquisition of AMTD on 10/6/20. The integration of the two entities is expected to occur over the next 18-36 months. Until then, both companies will continue to operate separate broker-dealers to serve clients. Early on, it looks like the combination will create a company with enhanced scale and a better portfolio of world-class services and solutions. Welcome to our portfolio SCHW.
Sean Christian, The Personal Capitalist, 9524 East 81st Street, Suite B #1715, Tulsa, OK 74133, October 15, 2020