The Wax Ink Portfolio was up 0.6% for the week.
By comparison, the Dow was unchanged, the Nasdaq was up 0.2%, the S&P 500 was down 0.3%, the Russell 2000 was up 0.1%, and the Volatility Index, commonly known as the VIX, was down 6.7%.
Year to date, the Wax Ink portfolio is down 2.2%, the Dow is up 1.7%, the Nasdaq is up 4.8%, the S&P 500 is up 2.2%, the Russell 2000 is up 2.4%, and the VIX is lower by 2.8%.
The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.
This week's portfolio winners were container maker Myers Industries (NYSE: MYE), up 12%, agricultural chemicals company Agrium (NYSE: AGU), up 7%, and oil refiner HollyFronier Corporation (NYSE: HFC), up 7%.
This week's portfolio losers were municipal services contractor Layne Christensen (Nasdaq: LAYN), down 14%, cylinder maker Worthington Industries (NYSE: WOR), down 13%, and offshore contractor McDermott International (NYSE: MDR), down 6%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 9% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 59% since being added to the portfolio, and McDermott International (NYSE: MDR), down 20% since being added to the portfolio.
Archived worksheets may be download by going to the Worksheets page at the site and selecting an industry which will move you to all of the worksheets I have updated for the selected industry.
Worksheets updated last week may be downloaded by clicking on the links (company name) below.
MRC Global, Inc. (NYSE: MRC) - FYE 12/2014
Anadarko Petroleum Corporation (NYSE: APC) - FYE 12/2014
Chevron Corporation (NYSE: CVX) - FYE 12/2014
Kinder Morgan, Inc. (NYSE: KMI) - FYE 12/2014
Deluxe Corporation (NYSE: DLX) - FYE 12/2014
Superior Uniform Group (NYSE: SGC) - FYE 12/2014,
Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.
Reasonable Value Estimates
Reasonable value estimates are initial valuations which Accredited Investors, after completing their own due diligence, can either increase or decrease based on their individual risk tolerance.
Reasonable value estimates were established this week for MRC Global at $23, Anadarko Petroleum at $101, Chevron Corporation at $116, Kinder Morgan at $19, Deluxe Corporation at $39, and Superior Uniform Group at $23.
Have a great week.
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