Jim says his reasons for investing in SUPERVALU (NYS: SVU) for his Messed-Up Expectations portfolio no longer hold true. All the company had to do was become less bad, and the portfolio would benefit strongly. However, that no longer appears to be the case, as bond traders are demanding much higher yields than when Jim originally purchased the shares. Watch the following video to see why Jim has decided it's time to take his lumps and move on.
The article When Your Thesis Is Busted, Move On originally appeared on Fool.com.
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