Why I sold Burberry even though it’s a quality business

There is little doubt that Burberry is a high-quality business.

That’s one of the reasons I added it to my model portfolio and personal portfolio in 2015.

The share price at purchase was £13.70 and at that price, the company seemed to be pretty good value.

Fast forward to today and Burberry is still a quality business but the price, in early August, had reached more than £21.50.

Although Burberry has grown over the last six years, I don’t think it’s grown enough to justify that price increase.

So a couple of weeks ago I sold Burberry, somewhat reluctantly because quality companies are hard to find.

You can read my full and detailed review of Burberry, which includes my target buy price, on my new website, UKDividendStocks.com:

Author: John Kingham

I cover both the theory and practice of investing in high-quality UK dividend stocks for long-term income and growth.

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