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Performance - Week Ending 06/27/2014

|Includes: Peabody Energy Corp. (BTU), CE, FSTR, GFF, HFC, INT, KAMN, LAYN, MRK, WOR

The Wax Ink Portfolio was down 1.3% for the week. By comparison, the Dow was down 0.6%, the Nasdaq was up 0.7%, the S&P 500 was down 0.1%, the Russell 2000 was up 1.0%, and the Volatility Index, commonly known as the VIX, was up 3.8%.

Year to date, the Wax Ink portfolio is down 0.9%, the Dow is up 1.7%, the Nasdaq is up 5.3%, the S&P 500 is up 6.1%, the Russell 2000 is up 2.2%, and the VIX is lower by 17.9%.

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 infrastructure wholesaler L.B. Foster Company (Nasdaq: FSTR), up 3%, cylinder maker Worthington Industries (NYSE: WOR), up 2%, and industrial distributor Kaman Corporation (Nasdaq: KAMN), up 1%.

This week's punch bowl floaters were refiner HollyFrontier Corporation (NYSE: HFC), down 11%, government contractor Layne Christensen Company (Nasdaq: LAYN), down 4%, and drug kingpin Cubist Pharmaceuticals(Nasdaq: CBST), down 4%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 36% since being added to the portfolio.

Worksheets were updated this week for:
Peabody Energy Corporation (NYSE: BTU), Celanese Corporation (NYSE: CE), and World Fuel Services Corporation (NYSE: INT).

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
Copyright © 2014 Wax Ink

Disclosure: The author is long FSTR, WOR, KAMN, HFC, LAYN, CBST, GFF.