This real arbitrage and special situations portfolio was up 3.9% in August and year-to-date is now up 43.3%! Check out the latest completed trades.

The year-to-date return for the Special Situations Real Money Portfolio is 18.25% and the annualized growth rate since inception in 2004 has now climbed to 26.43%! This month I review my positions in Wilshire Enterprises (WOC), Neuberger Berman closed-end funds, Heelys (HLYS), XTENT (XTNT), and Xedar Corp. (XDRC).

Part 2 of an interview MagicDiligence did last week with George of Value Investing News and Fat Pitch Financials.

The recent sell off in the market has created a legion of stocks trading under net current asset value. This was a method of investing popularized by Benjamin Graham, who needs no introduction. Lists like these should only be used as a starting point in doing research. Do not invest blindly in these stocks. Here is the list from an article that was published on October 30.

Part I of an interview MagicDiligence did last week with George of Value Investing News and Fat Pitch Financials.

Here's a nice list of Ben Graham style discount stocks selling below net asset value.

Some poor choices under Greenblatt's Magic Formula screen. Lists some criteria for determining a good Magic Formula stock from a bad one.

The hate e-mail can stop!! This blog has been investing real money in the magic formula for over 2 years. 2007's results and results since inception are now posted!

Heeelys (HLYS), which was included in Cheap Stocks list of Potential Bargains in Profitable, Cash-Rich Double Net/Nets Part II on December 8th, 2007 (last trade: $6.82/share; NCAV: $4.48/share), filed this resignation letter written by a member of the board and addressed to the company’s CEO.