JB Oxford Holdings Cash Received

Cash arrived today in my son’s Coverdell ESA account for the 99 shares of JB Oxford Holdings that I first bought back on December 5, 2005.  I received $293.04 in total, which is $2.96 per share for the 99 shares of JB Oxford (no fees charged).  That is pretty nice give that I only paid $1.90 per share for a total cost of $195.05 including commissions.

Let me take a closer look at how I made out on this little deal.  In just under 2 months, I made $97.99, which is a 50 percent gain on my original $195.05 investment.  That is a 311 percent average annualized gain!  I’m happy with that.

You can review my past activity by reading my recent Special Situations Real Money Portfolio 2005 Performance update.  Members of Fat Pitch Financials’ Contributor’s Corner receive notifications indicating my current purchases for Special Situations Real Money Portfolio and also have access to a list of similar going private transaction opportunities that is updated daily.

9 thoughts on “JB Oxford Holdings Cash Received

  • February 1, 2006 at 10:42 pm
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    That’s strange I haven’t recieved cash in my Scottrade account yet, hopefully I’ll get it tomorrow…

    -Mike

  • February 2, 2006 at 11:30 am
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    very cool! i recieved my money for JBOH today too. this was my first GPT, so i’m extra excited about it.

    -erich

  • February 2, 2006 at 8:53 pm
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    erich –
    I’m glad to hear that your first going private transaction went well. It was a nice and fairly easy to way to make money, no?

    Mike –
    I hope your cash showed up in your Scottrade account today. I’ve heard several people complain about Scottrade and going private transactions. I’ll be interest to hear what happens in your situation.

  • February 2, 2006 at 9:28 pm
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    I got it today :-)

    My next purchased will be Jan ’08 calls on DTV with a strike price of $15, whatdya think?

    -Mike

  • February 3, 2006 at 12:42 am
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    Good to hear Mike that you got the cash today.

    I don’t real get involved with options. Before you purchase the DTV calls, you should calculate their intrinsic value using a modern option pricing model. If you don’t know how to do that, you are not ready to by the options.

    Why do you think DTV will go up in price? Are you fairly certain of where they will be by 2008? If so, why not just buy the stock?

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