I received some additional good news yesterday. The cash I had been waiting on for my shares of Color Imaging finally arrived this Friday. My son’s Coverdell ESA was credited with $990 dollars ($1.10 per share) for the 900 shares that I originally bought back on September 7, 2005.
So how much did I make on this one? The 900 shares of Color Imaging cost me $816.95 when I purchased them, including commissions. I made $173.05 in profit on this deal, which is a 21% return on my original investment in just one month. The annualized rate of return on this little deal is a whopping 936% APY!
Now I’m just waiting on the cash for my FragranceNet.com shares. I might have to give the company a call to see what is happening. It has been over 2 months since this deal was approved and still no cash has been distributed.