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7 Recent IPO Stocks to Sell While You Still Can

These seven IPOs aren’t worth owning for the long haul

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IPO Stocks to Sell Now: Altice USA (ATUS)

IPO Stocks to Sell Now: Altice USA (ATUS)
Source: Shutterstock

It’s possible some investors bought Altice USA Inc (NYSE:ATUS) stock after its June 21 IPO, mistaking the Dutch cable company’s U.S. business for T-Mobile US Inc (NASDAQ:TMUS), the U.S. wireless business of German telecom giant Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY).

Ok, so that’s a stretch, but do investors really need another cable and internet investment? I don’t think so.

If you bought shares in the IPO, do yourself a favor and sell them, using the proceeds to buy Comcast Corporation (NASDAQ:CMCSA) in its place.

In five years you’ll thank me. Quality always wins out.   

As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2017/07/7-recent-ipo-stocks-to-sell-while-you-still-can/.

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