The Management Access model, managed by Douglas Estadt, is a day trading model. When choosing new positions for the model, Estadt evaluates management pitches and company conference calls to look for growth stories that are credible. This month, he has added several new positions to the model including National Beverage Corp (NASDAQ: FIZZ), the company behind popular drinks like Faygo and Shasta. On December 6th the company announced that they would be paying shareholders a dividend of $2.30 per share. Then, on December 9th FIZZ released their quarter two 2011 financial results. These results showed a 23 percent increase in net income year-over-year and increased revenues.
Another position added to the model was The Howard Hughes Corp (NYSE: HHC). HHC is a planned community operator and developer. On November 9th, General Growth Properties Inc (NYSE: GGP) announced that it had completed its spinoff, creating HHC as a stand-alone corporation. As part of the spin off, GGP shareholders received 0.098344 shares of HHC for every one share of GGP they owned.
Finally, Estadt added Blackrock Kelso Capital Corporation (NASDAQ:BKCC) to the Management Access model. On November 4th, BKCC announced that they would be paying shareholders a dividend of $0.32 per share. BKCC’s net revenues fell from $149.3 million in 2008 to $14.6 million in 2009. During the first three quarters of 2010, BKCC reported $18.1 million in net revenues. Total liabilities fell from $455.9 million in 2008 to $340 million in 2009, then to $278.4 million by the third quarter of 2010.
