Performance - Week Ending 02/21/14
The Wax Ink Portfolio was up 1.8% for the week. By comparison, the Dow was down 0.3%, the Nasdaq was up 0.5%, the S&P 500 was down 0.1%, the Russell 2000 was up 1.3%, and the Volatility Index, commonly known as the VIX, increased by 8%.
Year to date, the Wax Ink portfolio is down 1.9%, the Dow is down 2.9%, the Nasdaq is up 2.1%, the S&P 500 is down 0.7%, the Russell 2000 is up 0.1%, and the VIX is higher by 6.8%.
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 after market auto parts maker Dorman Products (Nasdaq: DORM), up 7%, drug maker Cubist Pharmaceuticals (Nasdaq: CBST), up 6%, and technical and government services contractor URS Corporation (NYSE: URS), up 6%.
This week's portfolio stinkers were maker of lots of stuff General Electric Company (NYSE: GE), down 3%, pipe, rail, and piling company L.B. Foster (Nasdaq: FSTR), down 2%, and steel cylinder maker Worthington Industries (NYSE: WOR), down 2%.
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 12% since being added to the portfolio.
Worksheets were updated this week for Nordstrom, Inc. (NYSE: JWN), Kohl's Corporation (NYSE: KSS), The TJX Companies, Inc. (NYSE: TJX), Target Corporation (NYSE: TGT), Wal-Mart Stores, Inc. (NYSE: WMT), Titan Machinery, Inc. (Nasdaq: TITN), Verint Systems, Inc. (Nasdaq: VRNT), and Raven Industries, Inc. (Nasdaq: RAVN).
Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access the worksheets for this post, click on the associated company name.
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