EVOA- Lution!!! Time to add a Transportation Stock

So diversification of a portfolio is a very important aspect of investing. As you can see if you read previous articles, we have slowly added stocks to our portfolio to diversify. We haven't really removed to many names due to the fact the ones I have chosen have performed so well; but it is time to remove IQ trading at $15.69 as of the close of the market today 10/8/2019 so since we own 2 shares we cash out at $31.38 a loss. But we are going to buy 2 shares of (EVOA) EVO Transportation & Energy Services for $2.70 (we purchase 2 shares to keep in line with the model mock portfolio of each having 2 shares).

With that our mock portfolio has evolved!

Here is the reason I like EVO they are trying to acquire distribution routes and go after the USPS shipping business on a national scale they have recently acquired Ritter Companies giving them a presence in the North Eastern United States and previously acquired Thunder Ridge Transport which gives them a strong hold in 9 Midwestern states. While EVO still has to bid for the USPS contracts which in my opinion they have positioned themselves to acquire should cause a substantial rise in their over all share price. The stock has risen sharply this year by comparison to the iShares Transportation Average ETF's (IYT) drop of 7.8% and the S&P 500 Index’s (SPY) rise of 1.87%

They have also appointed a new CEO Thomas J Abood as of 9/24/2019 and new CFO Eugene Putnam back on 7/17/2019 giving the company a strong and solid upper management foundation Abood has served as the Board Chairman since October of last year.

So subtract $5.40 to purchase EVOA from the proceeds of IQ $31.38 and leave the $25.98 in the account with the dividends that are adding up.

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