The Wax Ink Portfolio was down 0.5% for the week.
By comparison, the Dow was down 2.9%, the Nasdaq was down 2.6%, the S&P 500 was down 2.8%, the Russell 2000 was down 2.0%, and the Volatility Index, commonly known as the VIX, was up 25.9%.
Year to date, the Wax Ink portfolio is down 7.4%, the Dow is down 3.7%, the Nasdaq is down 2.1%, the S&P 500 is down 3.1%, the Russell 2000 is down 3.3%, and the VIX is higher by 52.8%.
The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.
For those of you that have asked what is different about the portfolio, please remember that last year I spent the entire year without consideration for cash, meaning cash was not included in the portfolio value. This year I have included the value of the portfolio cash.
This week's portfolio winners were refiner HolleyFrontier Corporation (NYSE: HFC), up 6%, cylinder maker Worthingtion Industries (NYSE: HFC), up 5%, and small tools maker LS Starrett (NYSE: SCX), up 4%.
This week's portfolio losers were trucking company ArcBest Corporation (NYSE: ARCB), down 9%, oilfield and infrastructure supplier LB Foster Company (Nasdaq: FSTR), down 6%, and rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), down 5%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 18% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 49% since being added to the portfolio, and McDermott International (NYSE: MDR), down 28% 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.
AeroVironment, Inc. - (Nasdaq: AVAV) - FYE 04/2014
The Hershey Company - (NYSE: HSY) - FYE 12/2013
Newell Rubbermaid, Inc. - (NYSE: NWL) - FYE 12/2013
Questar Corporation - (NYSE: STR) - FYE 12/2013
Alon USA Energy, Inc. - (NYSE: ALJ) - FYE 12/2013
ConocoPhillips - (NYSE: COP) - FYE 12/2013
Nabors Industries, Ltd. - (NYSE: NBR) - FYE 12/2013
Enco plc - (NYSE: ESV) - FYE 12/2013.
Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.
Value Alerts were issued this week for:
There were no company Value Alerts issued this week.
Have a great week.
Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink [more]