Browsing Category: "Special Situations Real Money Portfolio"
The Special Situations Real Money Port has had a great month. It’s gone from being up 7.3% year to date at the beginning of the month to being up a whopping 17.2% for the year by the end of April. Since inception on October 19, 2004, the annualized rate of return for the Special Situations [...]
The Special Situations Real Money Port performed quite well this past quarter. Year to date, the rate of return has been 35.7% IRR, an absolute gain of 7.3% year to date. That strongly beats the S&P 500, which has been up only 0.2%. Actually, my return might be a bit higher than I’m reporting if I assumed my [...]
Western Sizzlin (WSZL) hit my limit price of $10.00 Wednesday, March 7th as a result of Sardar Biglari’s letter to Friendly Ice Cream (FRN) shareholders and Friendly’s decision to consider selling the company, so my 600 shares were sold. As many of you have probably noticed, Western Sizzlin has been part of the Special Situations Real Money Port since last [...]
It’s time to update you on the current performance of the Special Situations Real Money Port. The Special Situations Real Money Port is actually my son’s Coverdell Education Savings Account. This portfolio focuses on special situation opportunities including: going private transactions, odd lot tender offers, spin-offs, mergers, rights offerings, and other unique opportunities that may arise [...]
Sally Beauty Holdings (SBH) was up 4.65% today, January 29, 2007. Part of the reason for Sally Beauty’s stock price rise today may be due in part to this past weekend’s Barron’s 2007 Roundtable article($). Sally Beauty Holdings was one of Oscar Schafer’s picks for this year’s roundtable.
Yesterday, I discussed the performance of the Fat Pitch Financials Port. Today, I want to go over the performance of the Special Situations Real Money Port. As some of you may know, the Special Situations Real Money Port is actually my son’s Coverdell Education Savings Account. This portfolio focuses on special situation opportunities including: going private transactions, odd [...]
Sally Beauty Holdings (SBH) delivered some bad news last night. The company announced that its Sally Beauty Group LLC (BSG) subsidiary will no longer have exclusive rights to distribute products of the L’Oreal Professional Products Division through its distributor sales consultants or in its stores. BSG’s Armstrong McCall division will not retain the rights to distribute [...]
Members of Fat Pitch Financials Contributor’s Corner have been following my investment in the recent Alberto-Culver Co. (ACV) spinoff, Sally Beauty Holdings (SBH). If you haven’t heard, Alberto-Culver, the beauty and hair care products company that makes VO5, TRESemme, St. Ives, and more, gave their shareholders one share in the newly spun off Sally Beauty, for [...]
It has been over three months since I’ve updated you on the status of the Special Situations Real Money Port. It’s hard to believe that so much time has already passed. I’d been distracted by all the developments of Parlux Frangrances (PARL) and I didn’t get a chance to put together an update. However, members of [...]
I threw in the towel on Parlux Fragrances (PARL) on Monday. After seeing a run up of over 10 percent Monday morning, I took action.
