The Wax Ink Portfolio was down 1.1% for the week.
By comparison, the Dow was down 2.9%, the Nasdaq was down 2.3%, the S&P 500 was down 2.2, the Russell 2000 was down 1.1%, and the Volatility Index, commonly known as the VIX, was up 15.0%.
Year to date, the Wax Ink portfolio is up 8.0%, the Dow is down 1.4%, the Nasdaq is up 7.4%, the S&P 500 is up 1.0%, the Russell 2000 is up 1.8%, and the VIX is higer by 0.1%.
The portfolio breakdown is roughly 57% cash, 43% equities, and 0% bonds. The total number of shares held remains the same.
This week's portfolio winner was refiner HollyFrontier Corporation (NYSE: HFC), up 0.17%.
This week's portfolio losers were offshore construction company McDermott International (NYSE: MDR), down 11%, maker of lots of stuff General Electric (NYSE: GE), down 5%, and rubber king Goodyear Tire and Rubber, (NYSE: GT), down 4%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 13% (down 3% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 46% (down 4%for the week) since being added to the portfolio.
As I noted last week, I closed my position in Worthington Industries selling 600 shares with a cost basis of $15.34, at $27.91 for an 82% return over a 3216 day hold.
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.
Owens Corning (NYSE: OC) - FYE 12/2014
Aegion Corporation (Nasdaq: AEGN) - FYE 12/2014
Orion Marine Group, Inc. (NYSE: ORN) - FYE 12/2014
Clean Harbors, Inc. (NYSE: CLH) - 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 Owens Corning at $35-$42, Aegion Corporation at $25-$33, Orion Marine Group at $16-$23, and Clean Harbors at $50-$58.
Have a great week.
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