Based on the recommendation of a member of the discussion board (and after some additional research), I bought Interactivecorp (IACI) for $17.72 per share on August 19. Later that week InteractiveCorp spun-off four divisions: Lending Tree, Home Shopping Network, TicketMaster, and Interval. For each share of IACI I received 1/5 of a share of HSN, ILG, and TKTM and 1/30 of a share of TREE. IACI shares underwent a reverse split following the spin-off. Today I received the spin-off shares in my... Read Full Story

Today I sold my shares of KRE for $30.00 per share. I was tired of holding it and hoping the price would rise and make my decision to purchase not look so bad (I’m learning to put asside any emotional attachments to stocks). I purchased KRE for $45.25/share on August 23, 2007 after Jim Cramer talked the ETF up like it was the best investment ever….I should have know better. The logic was that the Fed Rate Cuts would help the Regional Banks and KRE would move upward (link to original post on... Read Full Story

It has been a while since I’ve written a public post. For the last six weeks all of the activity has taken place on the member’s discussion board (160+ posts so far). Any investments I discuss on the public side of this site will now be after-the-fact. Which brings me to the first payout I’ve received as a result of the discussion board (a few others are in progress). About two weeks ago one of our members (Cogitator) brought to our attention a tender offer for URI. This offer gave special... Read Full Story

The member’s only discussion board has been open for about three weeks. So far we have over 20 active members with 72 posts on 18 different subjects. If you’d like to be member on ryanhegs.com we are still accepting applicants. Our members have a wide range of experience: we have CPA’s, MBA’s, a former stockbroker, a hedge fund analyst, a stock-based compensation consultant, a few day traders, some college students, new investors and veterans with 10-20 years of experience. If you think you... Read Full Story

Today FBSI announced that the pending reverse split was terminated. Here is some text from the filing: On June 10, 2008, First Bancshares, Inc.’s (”Company”) Board of Directors announced that it had terminated its plans to reduce the number of stockholders below 300 in order to terminate the registration of the Company’s common stock and to suspend its reporting obligations with the Securities and Exchange Commission (”SEC”). This was to be accomplished through proposals to amend the... Read Full Story

Just a reminder that FBSI will have its annual meeting tomorrow (Tuesday) at 1:00pm Central. Tomorrow afternoon we should know whether the shareholders voted in favor of the reverse split or not. Although they may vote in favor of the split this does not make it a done deal. There are still significant financing concerns, as I (and others) have written in previous posts. For a more detailed discussion of FBSI, register for an account so you have access to the member’s only discussion board... Read Full Story

Yesterday my remaining CPTH shares were cashed-out by Scottrade. I originally posted about the Critical Path arbitrage opportunity on December 16, 2007. I purchased CPTH on December 26 for $0.076/share (purchased 13,000 shares). I was able to sell 12,500 shares on April 14, 2008 for $0.102/share. The remaining 50 shares moved in my Scottrade account on May 6 and were finally cashed-out on May 29th. I made around $350 on this transaction (about 35%). Read Full Story

If you haven’t been paying attention to the comments, this post is for you. For the last 10 days we’ve been talking about the next potential arbitrage play in the comments (not by name until recently). For many of you this has already come across your radar. If it hasn’t, or if you are looking for more information, here are the facts on First Bancshares Inc.: * The company first filed documents indicating their desire to go private in late February (Schedule 13, PRE14A) at this time they... Read Full Story

I just spent the last few hours throwing together the members only section of the site. It is a work in progress, but I think everyone will be pleased. Currenty it features a discussion board for members to toss around ideas and advice. In order to become a member you will need to complete a short form asking for your name, email, username, etc. as well as give a brief explanation of your investing experience and your desire to become a member. If you have been an active member on this site... Read Full Story

I just spent the last few hours throwing together the members only section of the site. It is a work in progress, but I think everyone will be pleased. Currenty it features a discussion board for members to toss around ideas and advice. In order to become a member you will need to complete a short form asking for your name, email, username, etc. as well as give a brief explanation of your investing experience and your desire to become a member. If you have been an active member on this site... Read Full Story