2 Reasons to Hold on to NV Energy Stock

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.

To follow the iPIG portfolio as buy and sell decisions are made, watch Chuck's article feed by clicking here. To join The Motley Fool's free discussion board dedicated to the iPIG portfolio, simply click here.


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