NEW YORK ( TheStreet) -- As the end of 2012 approaches, it's time to reflect on the year, and more specifically, what worked and what didn't.It's important to learn and acknowledge both your successes and failures, and most investors have their fair share of each. I try not to rest on the successes, knowing full well that sometimes these are the result of dumb luck. It's certainly much more gratifying when you have a winner that results from conclusions drawn from your own analysis.
Chemical company Huntsman (HUN - Get Report) rebounded nicely in 2012, after a rough 2011. Shares are up about 70% year to date. I also closed this position recently; one that I'd established in 2009, when the company was in turmoil following a failed acquisition by Hexion. In the resulting lawsuit, Huntsman was awarded a huge settlement, which bolstered the debt-ridden balance sheet. Madison Square Garden (MSG - Get Report) has also had a nice year, with shares up 56%. This one has never been in the "ugly duckling" category, just an asset rich company that owns Madison Square Garden, the NY Knicks, and NY Rangers, among other things, that until recently has been relatively underfollowed. I recently took profits here, too. MSG data by YCharts
At the smaller end of the spectrum, Florida agriculture and land name Alico (ALCO) is up about 90% year to date. I've been a proponent of having exposure to agricultural land, and Alico did not disappoint in 2012.