The Worst-Performing Stocks of 2010

The Worst-Performing Stocks of 2010

Excerpt:

SuperValu (down 27 percent). Sales are down at this big grocery chain, which operates under names such as Shaw's, Acme, Albertson's, Shop 'N Save, and Shopper's, thanks to cost-conscious consumers and brutal competition from big discounters like Wal-Mart. The company has been closing some stores and restructuring, but pressure in this low-margin business remains intense. Investors are also skittish about a labor force that's heavily unionized and puts SuperValu at a cost disadvantage.

Comment: SVU was my turkey stock of 2010

SVU .... my "Turkey" stock of the year

Not every stock turns out as well as one had hoped. The end of the year is a good time to re-balance one's portfolio and perhaps take some capital gains and cut one's losses. I have some capital gains from my Fifth Third trade. This week I will be selling SuperValue (SVU). I bought it for $ 13.44 and will be selling at approximately $ 8.75 for a loss of approximately $ 470.

I've thought about using the wash-sales rule and turn around in buying it again in 31 days but probably will just sell it and use the loss to offset capital gains. The ex-dividend date is 11/29 so I will wait to the end of the week to assure that I will get this quarter's dividend.

In investing one must not be too emotional! It just didn't work out. Time to move on without looking back.