Performance - Week Ending 08/15/2014
The Wax Ink Portfolio was up 2.0% for the week. By comparison, the Dow was up 0.7%, the Nasdaq was up 2.2%, the S&P 500 was up 1.2%, the Russell 2000 was up 0.9%, and the Volatility Index, commonly known as the VIX, was down 16.6%.
Year to date, the Wax Ink portfolio is down 2.4%, the Dow is up 0.5%, the Nasdaq is up 6.9%, the S&P 500 is up 5.8%, the Russell 2000 is down 1.9%, and the VIX is lower by 4.2%.
The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held. Consideration is currently being given to adding shares to the portfolio for selected issues.
This week's winners were drug maker Cubist Pharmaceuticals(Nasdaq: CBST), up 4%, semiconductor maker International Rectifier Corporation (NYSE: IRF), up 4%, and infrastructure supply company LB Foster Company (Nasdaq: FSTR), up 3%.
This week's punch bowl floaters were container maker Myers Industries (NYSE: MYE), down 0.1%, helicopter king Kaman Corporation (Nasdaq: KAMN), down 0.1%, and maker of all things company General Electric(NYSE: GE), down 0.1%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 35% 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 for Mentor Graphics 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 CBST, IRF, FSTR, MYE, KAMN, GE, GFF, LAYN.