NV Energy (NYSE: NVE) is a selection for the real-money Inflation-Protected Income Growth portfolio. That pick is about to get bought out for $23.75 in cash by Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B). Ordinarily, it doesn't make sense to hold on to a company that's about to be acquired for cash, but iPIG portfolio manager Chuck Saletta gives two reasons why you may want to hold on to this one just a little bit longer.
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To summarize those two reasons:
- If holding on until the close is near allows the gain to convert from short-term to long-term, it means money in the investor's pocket.
- NV Energy is still paying its dividends, which represent $0.19 per share per quarter, with at least one quarter left to pay.
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