Geoff Gannon October 18, 2017

NACCO (NC): The Stock Geoff Put 50% of His Portfolio Into

On October 2nd, Hamilton Beach Brands (HBB) was spun-off from NACCO Industries (NC). That morning I put about 50% of my portfolio into NACCO at an average cost per share of $32.50. Since that purchase was announced, several members of Focused Compounding have sent in emails asking for a write-up that explains why I made this purchase. Unfortunately, there just isn’t much to say about my NACCO purchase. So, this write-up will be both brief and boring. I bought NACCO, because the stock’s price after...

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