Performance - Week Ending 02/07/2014
The Wax Ink Portfolio was down 1.7% for the week. By comparison, the Dow was up 0.6%, the Nasdaq was up 0.5%, the S&P 500 was up 0.8%, the Russell 2000 was down 1.3%, and the Volatility Index, commonly known as the VIX, decreased by 16.9%.
Year to date, the Wax Ink portfolio is down 5.7%, the Dow is down 4.7%, the Nasdaq is down 1.2%, the S&P 500 is down 2.8%, the Russell 2000 is down 4.0%, and the VIX is higher by 11.4%.
The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.
This week's darlings of the portfolio were container maker Myers Industries (NYSE: MYE), up 3%, small tool maker The L.S. Starrett Company (NYSE: SCX), up 3%, and specialty chemical company W.R. Grace and Company (NYSE: GRA), up 2%.
This week's portfolio stinkers were trucking company Arkansas Best Corporation (Nasdaq: ABFS), down 10%, steel cylinder maker Worthington Industries (NYSE: WOR), down 6%, and cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 5%.
The portfolio's worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 30% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 20% since being added to the portfolio.
Worksheets were updated this week for Alco Stores, Inc. (Nasdaq: ALCS), Rex American Resources, Inc. (NYSE: REX), Hastings Entertainment, Inc. (Nasdaq: HAST), Trans World Entertainment Corporation (Nasdaq: TWMC), Petsmart, Inc. (Nasdaq: PETM).
Wax
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Disclosure: I am long MYE, SCX, GRA, ABFS, WOR, SWM.
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