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.
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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Chuck Saletta owns shares of NV Energy. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.