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Performance - Week Ending 06/20/2014

|Includes:BOOM, GE, GFF, Goodyear Tire & Rubber Co. (GT), HFC, HSC, LAYN, MRK, OIS, ORN, RNET, UNT, URS

The Wax Ink Portfolio was up 2.2% for the week. By comparison, the Dow was up 1.0%, the Nasdaq was up 1.3%, the S&P 500 was up 1.4%, the Russell 2000 was up 2.2%, and the Volatility Index, commonly known as the VIX, was down 10.9%.

Year to date, the Wax Ink portfolio is up 0.5%, the Dow is up 2.2%, the Nasdaq is up 4.6%, the S&P 500 is up 6.2%, the Russell 2000 is up 2.1%, and the VIX is lower by 20.9%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week's winners were tire maker The Goodyear Tire and Rubber Company (NYSE: GT), up 6%,refiner HollyFrontier Corporation (NYSE: HFC), up 5%, and drug maker Cubist Pharmaceuticals (Nasdaq: CBST), up 5%.

This week's punch bowl floaters were municipal contractor Layne Christensen (Nasdaq: LAYN), down 9%, government contractor URS Corporation (NYSE: URS), unchanged, and conglomerate General Electric(NYSE: GE), unchanged.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 32% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 34% since being added to the portfolio.

Worksheets were updated this week for:
RigNet, Inc. (Nasdaq: RNET), Oil States International, Inc. (NYSE: OIS), Orion Marine Group, Inc. (NYSE: ORN), Dynamic Materials Corporation (Nasdaq: BOOM), Unit Corporation (NYSE: UNT), and Harsco Corporation (NYSE: HSC).

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. Thanx.


Wax Ink is a baseline equity research company not licensed or registered with any government agency
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Disclosure: The author is long GT, HFC, CBST, LAYN, URS, GE, GFF.