Special situation stocks and value investing
The Special Situations Real Money Portfolio continued to struggle in April. On April 30, 2008, the portfolio ended with a balance of $13,957.69. This is down from the March closing balance of $14,362.01. Year-to-date, the portfolio is down 12.58%. However, the overall return is a positive 39.58%. On an annualized basis, the Special Situations Real Money […]
Today I added shares of art auction house Sotheby’s (BID) to the Fat Pitch Financials Portfolio. The shares were purchased earlier this morning for an average price of $24.55. As is typical with any new purchase, shares of Sotheby’s dropped further today to a low of $23.75. It always seems like a little pain is […]
The Fat Pitch Financials Portfolio was down 1.21% in April. Considering that the S&P 500 was up 4.87% last month, this performance was rather disappointing. Looking back over the past 12 months, performance was was a bit better. The Fat Pitch Financials Port was up 0.36% versus a negative -4.93% for the S&P 500. Most importantly, […]
The Fat Pitch Financials Portfolio first quarter 2008 performance update is a bit overdue at this point. I’ve been playing around with the new SEC EDGAR XML feeds all week and a few things have taken a backseat, including this post.
It’s been a tough quarter for stocks. The S&P 500 was down 9.44%. Thankfully, the Fat Pitch […]
The Special Situations Real Money Portfolio is a Coverdell Educational Savings Account that invests in stock workouts and other special situations. I created this account on October 19, 2004 as an experiment in arbitrage investing, and I’ve been writing about the portfolio here at Fat Pitch Financials ever since.
At the end of the first quarter of 2008, the Special Situations Real […]
I went shopping for diapers at Amazon (AMZN) today, and I discovered a big mistake. I use an old email account for my Amazon account, which is also the same email address that I use for my Marketocracy account. I haven’t check this email address in well over a week. I found the following email in […]
Premier Exhibitions (PRXI) announced yesterday that they signed a 10 year agreement with the Luxor Resort & Casino. The agreement includes the construction of an exhibition complex that will include the Titanic and Bodies… The Exhibition features. This sounds like a very promising development. A longer term exhibit like this will likely have higher returns, […]
The Special Situations Real Money Portfolio is actually a Coverdell Educational Savings Account I started in October of 2004. My goal has been to only invest in special situation opportunities in this account as an experiment on whether individual investors can benefit from this unique segment of the market. These opportunities have included going private transactions, odd-lot tender offers, spinoffs, […]
The Fat Pitch Financials Portfolio basically broke even in February. I started the month out with a balance of $1,375,445.21 and ended the month with a balance of $1,350,582.57 for a change of 0.04% this month. Nevertheless, this still beat out the negative 1.61% return for the S&P 500 over the same period.
This month was not your […]
Western Sizzlin (WSZL) just issued a press release announcing that its stock has been approved for listing on the Nasdaq (NDAQ). The company’s common stock will begin trading under the symbol WEST on Monday, February 25, 2008.
I have been expecting Western Sizzlin to announce the listing of its stock on the Nasdaq sometime this spring ever […]
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