Browsing Category: "Special Situations Real Money Portfolio"
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 [...]
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 [...]
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 [...]
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 [...]
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 The key benefit is that your savings are allowed to grow tax free and the money in the account can be withdrawn tax free if it is used to pay for educational expenses.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 [...]
The Special Situations Real Money Portfolio made an amazing year end rally. I’m proud to report that my portfolio closed 2008 out with a 16.34% return for the year. I’m popping the champange corks here at Fat Pitch Financials headquarters. The year end rally was primarily due to news that Puget Sound Energy’s (PSD) sale to [...]
Just before the market close yesterday, news broke that Electricite de France SA, also known as EDF, was once again interested in Constellation Energy Group (CEG). As you might recall, MidAmerican Energy Holdings, a Berkshire Hathaway (BRKa) subsidiary, is in the process of buying Constellation Energy for $4.7 billion or $26.50 a share.
The Special Situations Real Money Portfolio held up pretty well in the volatile month of November. I had one minor setback this month, but was still able to end the month with an account balance of $17,914.97. That’s down only 3.2% since October. My return since the beginning of the year is still a positive 12.32% [...]
Recently, I’ve been highlighting several very profitable trades in the Special Situations Real Money Portfolio. The last one was the profitable merger arbitrage associated with the cash buyout of Anheuser Busch by InBev, now know as Anheuser-Busch InBev (INBVF). Well, it was bound to happen. My streak of good luck has run out. The reverse split [...]
