Friday, July 01, 2011

Blackboard, Inc. = Done Deal

I sold my Blackboard, Inc. (Ticker: BBBB) position today at $44.14 generating a net gain of ~0.80% over a 7 day period (annualized return of 36%). This wasn’t a great special situations play as the buyout from Providence Equity Partners came in on the low side. I was looking for something in the high 40s. It’s time to move on to look for better uses for my $$$...

I'm also back in Apple, Inc. (Ticker: AAPL) at $335.50. I got shaken out last time and I was wrong to sell.


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