My Plan to Sell Microsoft and Other Moves in Coming Months


Author: Ben Wong

Covestor model: Tactical and Opportunistic

Earnings came out for Frontier Communications FTR on February 16, and the company reduced its dividend down to $0 .10 per share, helping them reduce debt, improve leverage and to put cash towards investing in their network. The market agreed with this move and FTR bonds and share price went up after earnings. FTR is still in a transition period from acquiring lines from Verizon (VZ) and is now in a better position after the dividend cut.

We will receive dividends from Microsoft (MSFT) on 3/8/12. And I’m planning to sell part of our position off soon as MSFT hovers near the 52 week high.  I plan to continue holding our other positions in American Capital Agency Corp. (AGNC) and Invesco Mortgage (IVR).

Author profile

Ben Wong
Ben Wong
I have been enlisted in the Marine Corps since 2006. Military Occupation Specialty is Ground Radio Repairmen. While in the military, I worked in other various fields of electronics including generators, computers and satellites. Lived overseas in Okinawa, Japan in 2008 and 2009. Did 1 tour in Afghanistan during 2010/2011.