Thursday, September 5, 2013

3 Stocks Near 52-Week Highs Worth Selling (Textura mentioned in this article)

On August 29th, Sean Williams authored an article (posted on The Motley Fool) that contained comments about three stocks he believes should be sold, rather than held, and, in that article, he mentioned Textura, a company I began posting about just prior to its IPO.

Sean’s article begins with this paragraph:

“Unrealistic expectations”

“The construction industry may have found a floor with lending rates near historic lows, but I don't think that's going to be enough to save software developer Textura (NYSE: TXTR  ) from keeping its current market value.”

Here’s a link to the full article that Sean wrote (and be sure to read the comments section as well):

Note:  Textura closed at $40.43 yesterday afternoon (Sep 4, 2013), up significantly from its IPO price.  Market cap is approaching $1 billion; this, for a company that hasn’t yet reported a profit and whose projected annual sales are less than $50 mil.

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