Special Situations Real Money Portfolio February 2008 Update

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, rights offerings, and split offs.

In February, I bought 200 additional shares of Sally Beauty Holdings (SBH) for $7.40 per share. This is in addition to the 300 other shares I already owned. I saw no reason for Sally Beauty Holdings to trade down below $8 this month, so I decided to add to my position. I still believe this spinoff is worth at least more than $10 per share. Hopefully, the market will eventually start to agree with me in the near future.

I’ve been worried lately about style drift in this portfolio. Since Western Sizzlin (WEST) was added to the NASDAQ this month, I will likely sell this position shortly in this portfolio because the special situation (transfer to a major exchange) is now over for this stock. I’ve also been watching several other special situation opportunities closely and will likely add a new position shortly. You can follow my research and current holdings by subscribing to Fat Pitch Financials Contributor’s Corner.

The Special Situations Real Money Portfolio ended the month was $15,326.04. This is down slightly from January’s portfolio balance of $15,547.14. Year-to-date the portfolio is down 3.91%. However, I’m still maintaining a 22.8% internal rate of return since inception.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

20 mg professionele Cialis

Beste prijs voor 20 mg Cialis

Goedkoopste Cialis 20mg inclusief verzendkosten

Goedkoopste Cialis 20mg Aanbieding

Type Cialis 20 mg

Cialis 20mg Laagste prijs

Cialis 20 mg postorder

Cialis 20 mg tabletten

Cialis kost 20 mg

Cialis dosierung 20 mg

Cialis Professional 20mg pillen

20 mg Cialis snijden

Generika Cialis 20mg

Generika Cialis Soft 20mg

Generika Cialis Soft Tabs 20mg

Vardenafil 20 mg Cialis

Cialis 20 mg, Tadalafil goedkoop kopen

Cialis dosisuren

Goedkope Cialis 20mg pillen

20 mg dosis Cialis recept

Bestel 20mg Cialis goedkoop online