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Even value investors, sometimes known for having too much patience, need to part ways with some names in their portfolios. It could be that the original reasons for taking a position are no longer valid, or a target price or outcome has been realized. Sometimes your analysis was flawed, and it's better to cut and run than to hope for what will never come to pass, lest you be caught in a dreaded "value trap". Perhaps you just need to make room in the portfolio for some potentially better opportunities.

Late Friday, I parted ways with a couple of names that I've owned since 2009. Neither was a value trap, and I would consider owning both again. However, the truth is, I got bored with these names, and others out there have caught my eye. These potential adds require some dry powder....321 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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