Sunday, May 20, 2007

Portfolio A1 Struggles Behind TEX and TSO

Portfolio A1 had a difficult week. New addition Tesoro (TSO) dropped 10% from Monday to Wednesday, following the refiners down, yet rallied impressively to end the week just barely in the red. The situation was worse at Terex (TEX), which was Portfolio A1’s largest holding coming into the week. Terex struggled throughout the week and finished 8.5% off of Monday’s high. As bad as that sounds, the heavy equipment manufacturer is still flat for the past month and up 84% over the past year.

The week’s lackluster performance dropped Portfolio A1’s cushion over the benchmark S&P 500 to 2%, down from the 4.5% advantage as of last week.

There are no changes to the portfolio for the coming week.

A snapshot of the portfolio is as follows:

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