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Why? Best explanation: Behavioral psychologists contend that mutual fund investors are "loss averse"–more likely to sell profitable stocks and hang on to losses, rather than admit a mistake.
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Most likely to: Sell out.
They are likely to sell fast.
Least likely to: Sell T-shirts.
They would not seem likely to sell.
Citigroup was forced to sell that profitable unit at bargain-basement prices to Occidental Petroleum.
Last month, Nortel signed a deal to sell the profitable division to Nokia Siemens for $650 million.
For Xiaomi, the smartphone is a device on which to sell more profitable wares.
In the worst cases, we see companies selling profitable portions of their businesses just to pay off the remaining balances.
An idea at the heart of the initiative, though, is that a better-managed ranch will also improve habitat for sage grouse, and a more profitable ranch means it's less likely to be sold for subdivisions.
More are likely to be sold soon.
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