I already mentioned in my previous post that it was my intention to sell the remainder of my Allan International position soon, and that’s exactly what I did today. Including dividends the stock returned 17.5% in a bit more than one and a half years. Not bad, but not good either compared to the overall market or my own performance. But you can’t get it right every single time, and making mistakes is part of the learning process. But luckily making mistakes in investing doesn’t have to be costly. Not just because you can do something stupid and get lucky, but mainly because the market is often approximately right about the fair value of a company. Buying something that you think is undervalued but is actually reasonably priced isn’t going to cost you in the long run.
No position in Allan International anymore.