Browsing Category: "Special Situations"
It’s hard to believe that the S&P 500 surpassed 1,500 today. I’m starting to question the margin of safety on all my holdings now. Unilever PLC (UL) , my best performing position since I started the Fat Pitch Financials Portfolio, was up over 3% today and is now trading about $32. I was having trouble [...]
I added shares of Broadridge Financial Solutions (BR) to the Fat Pitch Financials Port earlier this week. Broadridge is the recent spin-off from ADP (ADP). Shareholders of ADP received one share of BR for every 4 shares of ADP they owned. The spinoff was completed May 30th. There was considerable discussion regarding Broadridge on Value Investing [...]
Many of you are probably familiar with spinoffs, especially since I’ve written about a few spinoffs here in the past. However, I bet most of you are not familiar split-offs, a close relative to spinoffs. I discovered my first split-off this past autumn and I’ve made some serious profits with these special situation opportunities since then.
What are split-offs?
Split-offs [...]
Western Sizzlin (WSZL) hit my limit price of $10.00 Wednesday, March 7th as a result of  Sardar Biglari’s letter to Friendly Ice Cream (FRN) shareholders and Friendly’s decision to consider selling the company, so my 600 shares were sold. As many of you have probably noticed, Western Sizzlin has been part of the Special Situations Real Money Port since last [...]
It’s time to update you on the current performance of the Special Situations Real Money Port. The Special Situations Real Money Port is actually my son’s Coverdell Education Savings Account. This portfolio focuses on special situation opportunities including: going private transactions, odd lot tender offers, spin-offs, mergers, rights offerings, and other unique opportunities that may arise [...]
I received an interesting email message today from a reader regarding Sally Beauty Holdings (SBH). The Fat Pitch Financials reader wrote:
I am a student at Harvard Business School looking at SBH for an investing club and I was hoping I could take a few seconds of your time for a few questions about your blog [...]
Sally Beauty Holdings (SBH) was up 4.65% today, January 29, 2007. Part of the reason for Sally Beauty’s stock price rise today may be due in part to this past weekend’s Barron’s 2007 Roundtable article($). 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 [...]
This week is your last chance to take advantage of the low $90 per year membership price at Fat Pitch Financials Contributor’s Corner. Contributor’s Corner has really expanded in 2006. We now cover odd lot tender offers, spin-offs, mergers, the occasional rights offering, and of course going private transactions. I also post any trades I make in the [...]
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 [...]
