Sold Kraft

I just sold the shares of Kraft (NYSE: KFT) that I purchased in January. A couple of reasons for the sale:

• Kraft announced its next dividend payment, and still no sign of an increase.
• Integration of Cadbury still likely to pose problems. The way things are being handled are raising questions, with bad sentiment about a plant in the U.K. that executives promised would stay open and which is being closed.

But the most important one is this: With the current situation in the world markets, I think there may be better opportunities coming. So I'll need some cash available to take advantage of any unreasonably low prices that are likely to present themselves. And I feel that Kraft is my holding that was least likely to grow in the next couple of months.

I should make a small profit with this sale. I'll know tomorrow when the exact exchange rate for the sale is known.