The Wax Ink Portfolio was down 1.8% for the week. By comparison, the Dow was down 0.3%, the Nasdaq was down 0.5%, the S&P 500 was down 0.1%, the Russell 2000 was down 1.3%, and the Volatility Index, commonly known as the VIX, was up 5.2%.
Year to date, the Wax Ink portfolio is down 1.2%, the Dow is down 1.3%, the Nasdaq is down 2.4%, the S&P 500 is up 0.8%, the Russell 2000 is down 3.5%, and the VIX is higer by 2.5%.
The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.
This week's winners were cigarette paper maker Schweiter-Maudit International (NYSE: SWM), up 3%, refiner HollyFrontier Corporation (NYSE: HFC), up 2%, and rubber and tire king The Goodyear Tire and Rubber Company (NYSE: GT), up 2%.
This week's losers were rubber and plastic container maker Myers Industries (NYSE: MYE), down 18%, specialty chemical maker W.R. Grace and Company (NYSE: GRA), down 7%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 4%.
The portfolio's worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 40% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 15% since being added to the portfolio.
Worksheets were updated this week for:
L.B. Foster Company (Nasdaq: FSTR), Cubist Pharmaceuticals (Nasdaq: CBST), URS Corporation (NYSE: URS), General Electric Company (NYSE: GE), The Goodyear Tire and Rubber Company (NYSE: GT), International Rectifier Corporation (NYSE: IRF), WABCO Holdings, Inc. (NYSE: WBC), Albany International Corporation (NYSE: AIN), and Approach Resources, Inc. (Nasdaq: AREX).
Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.
Wax Ink is a baseline equity research company not licensed or registered with any government agency
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Disclosure: I am long SWM, HFC, GT, MYE, GRA, LAYN, FSTR, CBST, URS, GE, IRF.