Browsing Category: "Special Situations Real Money Portfolio"
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.
You know that nauseous feeling you get in the pit of your stomach after an intense roller coaster, I have that feeling right now after taking in Parlux Fragrances (PARL) for too long. Not being a huge fan of roller coasters to begin with (or for that matter perfume), I badly want off the crazy ride that [...]
It’s been over a month since I’ve reported on the Special Situations Real Money Portfolio, so I figured I should give you an update. Things have not been great this past month.
I purchased Parlux Fragrances Inc. (PARL) on June 14th when the CEO announced he was intending to take the company private. Appartently, this [...]
Yesterday, I put some of the cash I had built up in the Special Situations Real Money Portfolio to work. I bought 200 shares of a company that may be taken private. I thought I had found a pretty good opportunity in a fairly decent company. However, right after I purchased the [...]
The Special Situations Real Money Portfolio has been on fire since I last made an update on April 27, 2006. My compound annual growth rate has rocketed from 23.5 percent to 33.6 percent APY now. If I am able to sustain this rate of return, the performance of this portfolio would be up [...]
Since inception on October 19, 2004, the rate of return for the Special Situations Real Money Portfolio has been 23.5% APY. This is a substantial improvement from what I reported earlier this year, 12.1 APY. The quick turnarounds with AutoNation, PVC Container, and Major Automotive definitely juiced my returns. While not quite as safe as putting my son’s college money in EmigrantDirect’s 4.5 % Savings Account, these relatively low risk special situations produce some great returns.
I maintain a list of these opportunities over in Contributor’s Corner. For a small contribution, you can gain access to the latest information in this premium section of Fat Pitch Financials.
Gannon on Investing details the current hostile bid by BASF (BF) for Engelhard Corp. (EC) and today’s response tender offer by Engelhard. After reviewing the details this morning and discussing it with other members of Fat Pitch Financials Contributor’s Corner, I decided to add a small position (odd-lot potential) of this stock in the Special Situations Real [...]
