Wednesday, October 01, 2014

September Performance

September turned out to be ok considering the market volatility. My positive performance can be attributed to the gains in the following positions: Intermune (Ticker: ITMN), Veterx Pharmaceuticals (Ticker: VRTX) and Apple (Ticker: AAPL). It’s been a very challenging year unlike last year where just about anything you touched made money.

I still have a few arb / special situation plays: Safeway (Ticker: SWY), Montage Technology (Ticker: MONT), Lorillard (Ticker: LO), TRW Automotive (Ticker: TRW) and Shutter Fly (Ticker: SFLY). We’ll see how those play out…

Other than that, not much going on… I’ll be keeping a close eye on Constellation Brands (Ticker: STZ) earnings report tomorrow. I still believe there are more catalysts (i.e. completing the build out of the manufacturing plant, debt reduction, returning cash to shareholders, etc…) to move this one higher. I still plan to hold this one for a while.

Performance Year to Date = +16.65% with the running monthly returns as follows:

January -0.67%
February +6.50%
March -2.69%
April -1.51%
May +7.30%
June +2.59%
July -1.46%
August +4.57%
September +2.02%


At October 03, 2014, Anonymous Anonymous said...

CNQR and DRC also provides some good put shorting oppotunitities

At October 05, 2014, Blogger Money Turtle said...

Thanks for those names. I'll take a look at them...

At October 13, 2014, Anonymous Anonymous said...

any thoughts on SFLY? i am finding it hard to play PE buyout plays..

At October 13, 2014, Blogger Money Turtle said...

I sold my position in Shutter Fly today. Too many unknowns at this point. The PE firms do drive a hard bargain...


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