Exelon
QLogic
Dendreon
Dell
Staples
Arkansas Best
Arch Coal
Skullcandy
France Telecom
Xerox
Now, let’s get to the portfolio and see how it fared this week:
| Company | Cost Basis | Shares | Total Value | Return |
|---|---|---|---|---|
| Exelon | $31.25 | 31.68 | $995.07 | 0.5% |
| QLogic | $11.46 | 86.39 | $857.85 | (13.4%) |
| Dendreon | $5.97 | 165.82 | $645.04 | (34.8%) |
| Dell | $13.37 | 74.05 | $994.49 | 0.4% |
| Staples | $13.48 | 73.44 | $1,077.36 | 8.8% |
| Arkansas Best | $10.83 | 91.41 | $1,710.28 | 72.8% |
| Arch Coal | $7.03 | 140.83 | $716.82 | (27.6%) |
| Skullcandy | $6.71 | 147.54 | $804.09 | (18.8%) |
| France Telecom | $11.64 | 85.05 | $839.44 | (15.2%) |
| Xerox | $8.16 | 121.32 | $1,061.55 | 7.2% |
| Cash | $0.06 | |||
| Dividends receivable | $45.30 | |||
| Total commission | ($100.00) | |||
| Original investment | $10,000.00 | |||
| S&P 500 performance | 7.1% | |||
| Performance relative to S&P 500 | (9.6%) |
Source: Yahoo! Finance.
This week’s winner
It certainly wasn’t a great week for the broad-based S&P 500, which dipped 2.4% over the past five trading sessions. That didn’t seem to matter much to network equipment manufacturer QLogic Corporation (NASDAQ:QLGC), which added on 3.7% this week following a restructuring plan announcement on Tuesday. The company’s plan involves job cuts and streamlining its operations in order to save $20 million annually. Although it’ll incur some negative impact on its GAAP earnings in the interim, I highly doubt this changes the long-term outlook or consistent profitability that drew me to own QLogic Corporation (NASDAQ:QLGC) in the first place.
This week’s loser
In spite of no company-specific news, audio accessories maker Skullcandy Inc (NASDAQ:SKUL) took it on the chin this week, down 5.4%. Skullcandy Inc (NASDAQ:SKUL) is in the midst of trying to turn around falling sales in a highly competitive environment. With its health intricately tied to Apple Inc. (NASDAQ:AAPL) and the remainder of the smartphone industry, Skullcandy Inc (NASDAQ:SKUL) will need to see steady smartphone sales growth if it hopes to meet its own sales targets this year. If the shares in my personal portfolio are any indication, I believe management is making the right moves to position itself for future growth.
