Today I exited my positions on Bristol-Myers Squibb, Medtronic and Pfizer. This was probably just a short term move brought to you by Agent Orange. I record some losses with all of these but significant (in tax sense) only with Pfizer. That shall offset some of recorded gains earlier this year from the sale of Apple Hospitality and EPR Properties. More relevant aspect is short term breather from the proposed pharma tariffs as none of these positions had any margin of safety from additional tariff impacts. Such tariffs sound unbelievably stupid but that’s the main reason for taking this seriously. Then again curve ball with calling of potential tariffs is equally likely outcome and something that likely would cause these stocks to trade significanly higher in the short term. Let’see what’s the situation a week from now as Easter weekend is coming up and perhaps Trump has way too much time for social media.
Summary of sales:
- Bristol-Myers Squibb: 100 shares for 47,95 USD per share
- Medtronic: 40 shares for 82,90 USD per share
- Prizer: 200 shares for 22,38 USD per share