Monday, March 31, 2014

March Performance

Needless to say, March was a challenging month as many of my high flyers such as Biogen (Ticker: BIIB) got hit pretty hard. I’ve been generating some income by selling Puts during this down turn, which has helped to buffer some of the decline. Overall my portfolio held up fairly well during this volatility. In terms of special situations / merger arb plays, I sold Puts on Jos. A. Banks (Ticker: JOSB) and Safeway (Ticker: SWY). There really has not been much happening on my end… just patiently looking for good risk return opportunities.

Performance Year to Date = +3.14% with the running monthly returns as follows:

January -0.67%
February +6.50%
March -2.69%


At April 01, 2014, Anonymous Anonymous said...

you following the dollar stores at all? Consolidation has been rumored there for a long time...

Also, is there an email address you can be reached at?

At April 01, 2014, Blogger Money Turtle said...

I haven’t been following the dollar stores. I remember Family Dollar was in play a while back and looking at the current valuation… this might be a good time for private equity to make a bid. I can be reached at moneyturtle at Gmail dot com


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