Cash Received for TouchTunes Music Going Private Transaction

I discovered that I received cash today for TouchTunes Music Corp. (TTMX).  You might recall from the Special Situations Real Money Portfolio 2005 Performance report that I bought 1,999 share of TouchTunes Music Corp. on December 7, 2005 for $0.42 a share.

As expected, I received $0.50 per share for the 1,999 shares in my son’s Coverdell Education Savings Account.  Of the $999.50 in cash, $152.97 was pure profit.  That is an 18 percent gain on my original investment of $846.53.  That’s 106 percent annualized rate of return.

A significant amount of work goes into tracking down and keep up with these going private transactions.  You can always do the work yourself by scanning the daily list of SEC filings.  Alternatively, you might consider contributing to Fat Pitch Financials and gain access to Contributor’s Corner.  Contributor’s Corner provides the best going private transaction list on the internet.  It is updated daily with updates.  Members of Contributor’s Corner have also been providing information on other special situations. You might just save enough time with Contributor’s Corner that you can focus on more high quality profitable opportunities.

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