The Wax Ink Portfolio was down 7.1% for the week.
By comparison, the Dow was up 1.1%, the Nasdaq was up 2.6%, the S&P 500 was up 0.9, the Russell 2000 was up 0.5%, and the Volatility Index, commonly known as the VIX, was down 7.1%.
Year to date, the Wax Ink portfolio is down 5.2%, the Dow is down 6.6%, the Nasdaq is up 1.9%, the S&P 500 is down 3.4%, the Russell 2000 is down 3.5%, and the VIX is higher by 89.9%.
The portfolio breakdown is roughly 57% cash, 43% equities, and 0% bonds. The total number of shares held changed increased by 4000 with the addition of Marathon Oil.
This week's portfolio winners were offshore oil rig contractor McDermott International (NYSE: MDR), up 25%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 6%, and independent oil company Marathon Oil Corporation (NYSE: MRO), up 6%.
This week's portfolio losers were chicken grease king Darling Ingredients (NYSE: DAR), down 2%, and refiner HollyFrontier Corporation (NYSE: HFC), down 2%, down 9%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 8% (down 0.06% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 54% (up 1% for the week) since being added to the portfolio, and offshore supply company Tidewater, Inc. (NYSE: TDW), down 4% (down 9% for the week) since being added to the portfolio.
As noted last week, I concentrated on adding at least one stock to the portfolio this week, and was able to add 4000 shares of Marathon Oil Corporation with an average cost basis if $14.52. Also as noted over the past several months, I think it is time for Darling Ingredients to go. I will be watching for opportunities to close my position over the coming weeks.
Archived worksheets may be downloaded 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.
AeroVironment, Inc. (Nasdaq: AVAV) - FYE 04/2015
Marathon Oil Corporation (NYSE: MRO) - FYE 12/2014
TransOcean, Ltd. (NYSE: RIG) - FYE 12/2014
Dorman Products, Inc. (Nasdaq: DORM) - FYE 12/2014
Ampco-Pittsburgh Corporation (NYSE: AP) - FYE 12/2014
Tredgear Corporation (NYSE: TG) - 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 in accordance with their individual risk tolerance and investing philosophy.
Reasonable value estimates were established or revised this week for AeroVironment at $23-$31, Marathon Oil Corporation at $53-$58, TransOcean at $78-$79, Dorman Products at $43-$52, Ampco-Pittsburgh at $32-$39, and Tredgear Corporation at $24-$30.
Have a great week.
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