We closed the year taking two more names off the Buy List. Let’s capture another today.

Sell SAFT. This morning’s push takes it within sight of my long-term target, which means the stock has run out of real room to rally.

After all, here at 1.4X book value and 12.5X earnings it looks fairly valued. And with financials showing a little strain, near-term froth is unlikely.

Inner Circle subscribers, this applies to you.