I am a big believer in ARLP and it makes up a large portion of my portfolio. I do beleive that the stock deserves a runup mainly due to the fact that its earnings have doubled over the last three years. And, of course, its payout will, too.
However, does this stock deserve a triple? I think it is prudent to trim my position as it hits 65, but I still will have a large position.
Norris - as I mentioned in another thread I sold 1/2 of both arlp and ahgp but only because they were my main stocks (rest of my income in real estate)... ARLP went parabolic intraday one day ago (I only watch on streamer when stocks get toppy and I may take some off, or when entering a stock and was stunned - straight up for a few minutes) - time to exit if one wants to take gains, lol. (as well the so called annalists "miss" from last earnings release) we shall see as usual.
I've been in ARLP for many many years, and only added AHGP recently - may trade it (less volume more volatile).. regardless I feel going forward both will be fine... and if they really do fall significantly (not saying they will) will be adding again.
Best... never hurts to take a large profit.
Just held last time and the cap gains are far more then any distribution I will gain so this period decided to sale 1/2... never an easy decision...