Performance - Week Ending 02/14/2014
The Wax Ink Portfolio was up 2.2% for the week. By comparison, the Dow was up 2.3%, the Nasdaq was up 2.9%, the S&P 500 was up 2.3%, the Russell 2000 was up 2.9%, and the Volatility Index, commonly known as the VIX, decreased by 11.2%.
Year to date, the Wax Ink portfolio is down 3.7%, the Dow is down 2.5%, the Nasdaq is up 1.6%, the S&P 500 is down 0.5%, the Russell 2000 is down 1.2%, and the VIX is lower by 1.1%.
The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.
This week's darlings of the portfolio were rubber king Goodyear Tire and Rubber (NYSE: GT), up 14%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), up 9%, and small tool maker The LS Starrett Company (NYSE: SCX), up 7%.
This week's portfolio stinkers were technical services company URS Corporation (NYSE: URS), down 9%, and after market auto parts maker Dorman Products (Nasdaq: DORM), down 1%.
The portfolio's worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 13% since being added to the portfolio.
Worksheets were updated this week for Autodesk, Inc. (Nasdaq: ADSK), Marvel Technology Group, Ltd. (Nasdaq: MRVL), Virco Manufacturing Corporation (Nasdaq: VIRC), Movado Group (NYSE: MOV), Blyth, Inc. (NYSE: BTH), Aerosonic Corporation (NYSE: AIM), TiVo, Inc. (Nasdaq: TIVO), Abercrombie and Fitch Company, Inc. (NYSE: ANF),The Gap, Inc. (NYSE: GPS).
Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.
Wax Ink is a baseline equity research company not licensed or registered with any government agency