Performance - Week Ending 03/14/2014
The Wax Ink Portfolio declined 2.3% for the week. By comparison, the Dow was 2.4% lower, the Nasdaq was 2.1% lower, the S&P 500 was 2.0% lower, the Russell 2000 was down 1.8%, and the Volatility Index, commonly known as the VIX, increased by 26.3%.
Year to date, the Wax Ink portfolio is up 0.2%, the Dow is down 3.1%, the Nasdaq is up 1.6%, the S&P 500 is down 0.4%, the Russell 2000 is up 1.5%, and the VIX is higher by 29.9%.
The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.
This week's winners were refiner HollyFrontier Corporation (NYSE: HFC), up 5%, and helicopter company Kaman Corporation (Nasdaq: KAMN), up 1%.
This week's losers were small tool maker The L.S. Starrett Company (NYSE: SCX), down 13%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 6%, and semiconductor maker International Rectifier Corporation (NYSE: IRF), down 4%.
The portfolio's worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 32% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 14% since being added to the portfolio.
Worksheets were updated this week for Gordman's Stores, Inc. (Nasdaq: GMAN), Williams-Sonoma, Inc., (NYSE: WSM), Pep Boys (NYSE: PBY), Dick's Sporting Goods, Inc. (NYSE: DKS), Hibbett Sports, Inc.
(Nasdaq: HIBB), Tiffany and Company, Inc. (NYSE: TIF), Coldwater Creek, Inc. (Nasdaq: CWTR), Francesca's Holding Corporation (Nasdaq: FRAN), Staples, Inc. (Nasdaq: SPLS), Tech Data Corporation (Nasdaq: TECD), Mitcham Industries, Inc. (Nasdaq: MIND), Ulta Salon Cosmetics and Fragrance, Inc. (Nasdaq: ULTA), Sea Change International, Inc. (Nasdaq: SEAC), Sigma Designs, Inc. (Nasdaq: SIGM), and Semtech Corporation (Nasdaq: SMTC).
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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