You can't spend earnings. At first glance, this probably seems like an odd statement, possibly even incorrect. However, it is not only correct, but an important investing axiom for any type of investor.

A roundup of last week's stock market related blog posts hosted at Fat Pitch Financials.

A review of the performance of the Fat Pitch Financials Portfolio for the first quarter of 2008.

The Fat Pitch Financials Portfolio held steady in February. I added a position in Premier Exhibitions (PRXI) and watched several positive developments in other positions. The portfolio continues to beat out the S&P 500.

A look back at the performance of the Fat Pitch Financials Portfolio. My 12.22% return was pretty respectable given that the S&P 500 delivered less than half that. This post recaps my trades and current holdings.

The Fat Pitch Financials Port was up 8.35% in October and is currently up 15.19% over the past 12 months. Merck, Microsoft and Unilever were the most interesting positions this month.

In April, the Fat Pitch Financials Portfolio returned 5.93%. Year-to-date, the portfolio has returned 5.39%. The only major change this month was the addition of Broadridge Financial Solutions to the portfolio on April 10, 2007.

An analysis of the new independent company, Broadridge Financials Solutions, by Fat Pitch Financials. This spinoff has some very attractive characteristics that point to a positive long-term outlook. Be sure to check out the EV/EBIT ratio discussion.

Straight from the horses mouth, CEO Rich Daly discusses Broadridge Financial Services' strategies following its spin-off from ADP.

Value Discipline looks at a (very) recent spin-off, Broadridge Financial Solutions (BR). Spin-offs are often an excellent place to look for bargains. But, they require you to do some homework to come up with a reasonable estimate of the value for the newly independent unit - this post is a good place to start on Broadridge.