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
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 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.
As I mentioned in the Special Situations Real Money Portfolio update, some of the counties in Washington served by Puget Energy (PSD) put the issue of forming independent Public Utility Districts on their election ballots. This issue has gained importance in these counties because of concern regarding the buyout of Puget Sound Energy by an international
The Special Situations Real Money Portfolio ended the month of October with a balance of $18,508.51. That’s down 3.5% from the September high of $19,181.27, but much better than performance this month of the major indexes. The year-to-date return for the portfolio is an impressive 16.04%. My total return since inception for this portfolio is