The Wax Ink Portfolio was down 4.5% for the week.
By comparison, the Dow was down 3.8%, the Nasdaq was down 2.7%, the S&P 500 was down 3.5%, the Russell 2000 was down 2.5%, and the Volatility Index, commonly known as the VIX, was up 78.3%.
Year to date, the Wax Ink portfolio is down 16.7%, the Dow is up 4.2%, the Nasdaq is up 11.4%, the S&P 500 is up 8.3%, the Russell 2000 is down 1.0%, and the VIX is higher by 53.6%.
With the sale of Cubist Pharmaceuticals this week, the portfolio breakdown is now 46% equities, 54% cash, and 0% bonds.
This week's portfolio losers were offshore construction contractor McDermott International (NYSE: MDR), down 26%, oil refiner HollyFrontier Corporation (NYSE: SWM), down 6%, and cylinder maker Worthington Industries (NYSE: WOR), down 6%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 33% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio, and McDermott International (NYSE: MDR), down 38% since being added to the portfolio.
Value Alerts were issued this week for:
There were no value alerts issued this week.
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 LAYN, MDR, HFC, WOR, GFF.