Browsing Category: "Model Portfolios"
The Special Situations Real Money Portfolio weathered the market turmoil of 2007 beautifully and managed to return a whopping 47.7% annualized rate of return. Since inception on October 19, 2004, my special situations portfolio has generated a 27.1% annualized rate of return. This performance has far and away exceeded my expectations for this unique little portfolio that I manage [...]
This is just a quick note to let you know that I added McGraw-Hill (MHP) shares to the Fat Pitch Financials Portfolio this morning. McGraw-Hill has been a long term holding in my personal portfolio but my original purchase of those shares predates the creation of this blog and its tracking portfolios.
Given McGraw-Hill’s steep price decline, I [...]
As you can see from the chart below, the Fat Pitch Financials Portfolio outperformed the S&P 500 this month as well as the other major indexes. The portfolio closed with a balance of $1,367,882.61 on November 30, 2007. My cash levels climbed up to $558,727.41. It’s really nice to have cash in the ready now [...]
November was a slow month for the Special Situations Real Money Portfolio. There were no new transactions in November. I’m just waiting for one going private transaction to come to completion, which should happen this month.
The Special Situations Real Money Port closed the day on November 30, 2007, with a balance of $13,174.68. This is [...]
The Fat Pitch Financials Portfolio has a new stock. It is Western Sizzlin Corp. (WSZL). I was hoping to write about this position last weekend, but transferring Fat Pitch Financials and Value Investing News to a new server took up all of my free time last weekend. In retrospect, I should have at least found time [...]
My position in Unilever (UL) in the Fat Pitch Financials Portfolio was sold yesterday. Unilever traded up recently on news it is selling off its marinades to McCormick (MKC). The price of UL shares had become richly valued, and I started getting concerned that a margin of safety no longer remained. The 9,000 shares in the FPF Port [...]
Yesterday, I reported that I sold my position in Merck (MRK) in the Fat Pitch Financials Portfolio. I have some additional performance statistics to provide on this trade.
According to Marketocracy, I had a total return of 76.89% on the 5,000 shares of Merck purchased on October 4, 2004. The appreciation in share price alone was 63.19%. [...]
Today I closed out one of the most controversial positions in the Fat Pitch Financials Portfolio, Merck (MRK). The 5,000 shares of Merck held in the Fat Pitch Financials Portfolio at Marketocracy were sold today for $56.00. I just got an email indicating that the 5,000 shares were sold at a net average price of $55.956 including commissions and fees.
I originally added [...]
October was a rather boring month for the Special Situations Real Money Portfolio. After the liquidity crunch in August from the blowup in the sub-prime mortgage market, tender offers have largely disappeared and going private transactions are scarce.
The Special Situations Real Money Port was slightly down in October. This account closed October with a balance of [...]
The Fat Pitch Financials Portfolio had a great month in October. My portfolio was up 8.35% in October, 5.82% of which came within the last week. The S&P 500 only returned 0.26% over this same period.
What really cheered me up was that the Fat Pitch Financials Port is finally beating the S&P 500 for the year. [...]
