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Performance - Week Ending 05/09/2014

|Includes: AA, ACET, DAR, DORM, FANG, GILD, HSKA, IGT, IRF, KSU, MRK, Myers Industries, Inc. (MYE), SCX, SPN, WPX

The Wax Ink Portfolio was down 2.3% for the week. By comparison, the Dow was up 0.4%, the Nasdaq was down 1.3%, the S&P 500 was down 0.1%, the Russell 2000 was down 1.9%, and the Volatility Index, commonly known as the VIX, was up 0.1%.

Year to date, the Wax Ink portfolio is down 2.3%, the Dow is unchanged, the Nasdaq is down 2.5%, the S&P 500 is up 1.6%, the Russell 2000 is down 4.8%, and the VIX is lower by 5.8%.

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 container maker Myers Industries (NYSE: MYE), up 6%, chicken grease collector Darling International (NYSE: DAR), up 3%, and semiconductor maker International Rectifier (NYSE: IRF), up 2%.

This week's turds in the punch bowl were small tool maker The LS Starett Company (NYSE: SCX), down 7%, after market auto parts maker Dorman Products (Nasdaq: DORM), down 6%, and drug maker Cubist Pharmaceutials (Nasdaq: CBST), down 6%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 37% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 25% since being added to the portfolio.

Worksheets were updated this week for:
Gilead Sciences, Inc. (Nasdaq: GILD), Aceto Corporation (Nasdaq: ACET), International Game Technology (NYSE: IGT), Diamondback Energy, Inc. (Nasdaq: FANG), Kansas City Southern (NYSE: KSU), Alcoa, Inc. (NYSE: AA), WPX Energy, Inc. (NYSE: WPX), Heska Corporation (Nasdaq: HSKA), Superior Energy Services, Inc. (NYSE: SPN).

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 MYE, DAR, IRF, SCX, DORM, CBST.