ERIC

Selling Ericsson out of my Jubak Picks Portfolio tomorrow

Selling Ericsson out of my Jubak Picks Portfolio tomorrow

I bought Ericsson (ERIC) back on August 5, 2020 because of the growth it would see, I thought, from the roll out of the next generation –5G–of wireless systems. The problem for the company–and the stock–is that it has been hit hard the global battle between China (which has championed its own equipment vendors) and Sweden and other Western governments that worry that Chinese equipment suppliers such as Huawei with their close ties to the Chinese government and its military pose a security threat to their telecom networks.