The Special Situations Real Money Portfolio closed out the third quarter of 2008 today at an all time high. The portfolio ended the day with a balance of $19,181.27, up $1,825.75 (+10.5%) since the end of August. The current year to date performance is a remarkable +20.26% versus a -19.29% total return for the S&P 500. If those
The Special Situations Real Money Portfolio is a Coverdell Educational Savings Account that invests in stock workouts and other special situations. I created this account on October 19, 2004 as an experiment in arbitrage investing, and I’ve been writing about the portfolio here at Fat Pitch Financials ever since. At the end of the first quarter of 2008, the Special Situations
The Special Situations Real Money Portfolio is actually a Coverdell Educational Savings Account I started in October of 2004. My goal has been to only invest in special situation opportunities in this account as an experiment on whether individual investors can benefit from this unique segment of the market. These opportunities have included going private transactions, odd-lot tender offers, spinoffs,
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
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
I just realize I never got around to reporting on the performance of the Special Situations Real Money Portfolio in August. I must have been having too much fun at the beach. September has been all work, so there is no excuse this month. The Special Situations Real Money Port has performed extremely well recently.
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