Arkansas Best Corporation (ABFS), Dendreon Corporation (DNDN), Staples, Inc. (SPLS): One Person’s Trash Is Another Person’s Treasure Portfolio

We can do better

Although I’d love to see all 10 companies heading higher, the performance of this portfolio is demonstrating that all it takes is one multi-bagger to deliver big gains. Arkansas Best Corporation (NASDAQ:ABFS) has been an absolute lifesaver with its labor agreement contract now out of the way, and has more than negated poor performances by Dendreon Corporation (NASDAQ:DNDN) and Arch Coal. In addition, with the S&P 500 now 4% off of its all-time highs, this contrarian portfolio has rapidly been gaining ground on the index, and is now underperforming the S&P 500 by just 4.3%. (Remember, this portfolio was underperforming by 15% just a few months ago.) Over time, I fully expect the gains to switch in favor of this deeply discounted group of companies.

Check back next week for the latest update on this portfolio and its 10 components.

The article One Person’s Trash Is Another Person’s Treasure Portfolio originally appeared on Fool.com and is written by Sean Williams.

Fool contributor Sean Williams owns shares of QLogic, Dell, Skullcandy, and Orange, but has no material interest in any other companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool owns shares of Nike and Orange. It also owns shares of Dendreon, Skullcandy, and Staples, and recommends Exelon. 

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