Browsing Category: "Special Situations Real Money Portfolio"
In the May Special Situations Real Money Portfolio update, I mentioned that I purchased 5,000 shares of XTENT (XTNT). Let me recount how this investment came about and how it turned out.
XTENT is a development stage medical device company focused on developing and commercializing customizable drug eluting stent systems for the treatment of coronary artery [...]
The Special Situations Real Money Portfolio closed out the month of May with a balance of $21,944.03. This is up 2.2% from the record breaking performance in April. While the S&P 500 returned an amazing 5.5% last month, I’m still more than happy with how I did in May.
The year-to-date return for the Special Situations Real [...]
The Special Situations Real Money Portfolio closed out the month of April with a balance of $21,478.13. That’s up 14.2% from the $18,800 portfolio balance at the end of March. If I’m correct, I believe this is also a record high balance for this portfolio.
For those of you unfamiliar with this portfolio, the Special Situations [...]
March was a fairly quiet month for the Special Situations Real Money Portfolio. Only a few trades took place this past month and the portfolio’s cash balance was quite high. This caused the portfolio to miss out on some of the gains made in the general stock markets in March.
Special Situations Real Money Portfolio regained some ground in February. The ending balance on February 27, 2009 was $17,984.99. This is up 5.26% since January. Nevertheless, the portfolio was still down 3.08% since the beginning of the year. You would think I would be happy with the performance in February, but I am not.
The month of February started [...]
The third special situation opportunity that came to completion last week was NDS Group PLC (NNDS). This was probably a much simpler and less stressful play than Puget Energy and Meadow Valley. Let me provide you with some of the background.
NDS Group PLC announced back in September of 2008 that it was going to be taken private [...]
Today, I’m going to discuss the second of the three special situations that I mentioned in yesterday’s post on the Puget Energy buyout. This special situation was with Meadow Valley Corporation (MVCO), a construction service and materials company operating in Nevada and Arizona.
The special situation with Meadow Valley involved the buyout of the company by the [...]
After the markets closed this past Friday, Puget Energy announced that its buyout for $30 per share by Puget Holdings was completed. I’ve been following the situation with Puget Energy (PSD) since just before I bought shares of the stock for the Special Situations Real Money Portfolio back on October 22, 2008.
The Special Situations Real Money Portfolio kicked off 2009 with a slow start. The ending balance on January 30, 2009 was $17,085.50. This is down 7.93% from where it was at the end of December. You would think that I would be concerned with that poor performance, but I am not.
I have several great special [...]
The Coverdell ESA provides a very smart option to create a college savings account. The key benefit is that your savings are allowed to grow tax free and the money in the account can be withdrawn tax free if it is used to pay for educational expenses. Moreover, the Coverdell ESA allows you a lot [...]
