Stock Purchase - McGraw-Hill
This is just a quick note to let you know that I added McGraw-Hill (MHP) shares to the Fat Pitch Financials Portfolio this morning. McGraw-Hill has been a long term holding in my personal portfolio but my original purchase of those shares predates the creation of this blog and its tracking portfolios.
Given McGraw-Hill’s steep price decline, I decided today would be a good day to average down and also add the shares to the Fat Pitch Financials Portfolio. I set my limit order at $43.51 this morning and it was filled about an hour later. I’ll have more to say about this purchase shortly.
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#1
Good call! I too am a long term MHP holder (5 years, if you call that long term). I would add to my position too if not for the new business I just started last year. MHP is part of my core holding that I haven’t liquidate to fund my new venture. The short term hurt from S&P is way overblown. It is truly a bargain at this point.