Performance - Week Ending 08/01/2014
The Wax Ink Portfolio was down 4.0% for the week. By comparison, the Dow was down 2.8%, the Nasdaq was down 2.2%, the S&P 500 was down 2.7%, the Russell 2000 was down 2.6%, and the Volatility Index, commonly known as the VIX, was up 34.2%.
Year to date, the Wax Ink portfolio is down 6.2%, the Dow is down 0.5%, the Nasdaq is up 4.2%, the S&P 500 is up 4.2%, the Russell 2000 is down 4.2%, and the VIX is higher by 24.1%.
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 punch bowl floaters were newly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 20%, tire king Goodyear Tire and Rubber Company (NYSE: GT), down 13%, and small tools maker LS Starrett(AMEX: SCX), down 8%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 42% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio.
Rounding out the week, Value Alerts were issued this week for Cabot Corporation, and NCR Corporation.
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.
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Disclosure: The author is long MYE, HFC, ARCB, GT, SCX, GFF, LAYN.