are you selling your entire 11% portfolio position Tim? Or reducing your weighting?
I think there is sone general agreement that it’s overvalued however there are still 2 red flags for me 1) it has been deemed wide moat by Morningstar < l don’t sell wide moat > 2) Goldman Sacks still register it as a Buy with a target of 87.30.
your concerns are justified and reducing debt is a great priority but watching it for years without action - perhaps there is a feeling (justified) that u need to do something?
cheers
WES Price at posting:
$82.31 Sentiment: None Disclosure: Held
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