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Recs

1

Performance - Week Ending 07/24/2015

July 25, 2015 – Comments (0) | RELATED TICKERS: OC , ORN , CLH

The Wax Ink Portfolio was down 1.1% for the week.

By comparison, the Dow was down 2.9%, the Nasdaq was down 2.3%, the S&P 500 was down 2.2, the Russell 2000 was down 1.1%, and the Volatility Index, commonly known as the VIX, was up 15.0%.

Year to date, the Wax Ink portfolio is up 8.0%, the Dow is down 1.4%, the Nasdaq is up 7.4%, the S&P 500 is up 1.0%, the Russell 2000 is up 1.8%, and the VIX is higer by 0.1%.

The portfolio breakdown is roughly 57% cash, 43% equities, and 0% bonds. The total number of shares held remains the same.

Weekly Winners
This week's portfolio winner was refiner HollyFrontier Corporation (NYSE: HFC), up 0.17%.

Weekly Losers
This week's portfolio losers were offshore construction company McDermott International (NYSE: MDR), down 11%, maker of lots of stuff General Electric (NYSE: GE), down 5%, and rubber king Goodyear Tire and Rubber, (NYSE: GT), down 4%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 13% (down 3% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 46% (down 4%for the week) since being added to the portfolio.

Fair Warning
As I noted last week, I closed my position in Worthington Industries selling 600 shares with a cost basis of $15.34, at $27.91 for an 82% return over a 3216 day hold.

Worksheets
Archived worksheets may be downloaded by going to the Worksheets page at the site and selecting an industry which will move you to all of the worksheets I have updated for the selected industry.

Worksheets updated last week may be downloaded by clicking on the links (company name) below.

Owens Corning (NYSE: OC) - FYE 12/2014

Aegion Corporation (Nasdaq: AEGN) - FYE 12/2014

Orion Marine Group, Inc. (NYSE: ORN) - FYE 12/2014

Clean Harbors, Inc. (NYSE: CLH) - FYE 12/2014

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Reasonable Value Estimates
Reasonable value estimates are initial valuations which Accredited Investors, after completing their own due diligence, can either increase or decrease in accordance with their individual risk tolerance and investing philosophy.

Reasonable value estimates were established or revised this week for Owens Corning at $35-$42, Aegion Corporation at $25-$33, Orion Marine Group at $16-$23, and Clean Harbors at $50-$58.



Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink  [more]

Recs

1

Performance - Week Ending 07/17/2015

July 18, 2015 – Comments (0) | RELATED TICKERS: KLIC , GIFI , ZEUS

The Wax Ink Portfolio was up 0.7% for the week.

By comparison, the Dow was up 1.8%, the Nasdaq was up 4.3%, the S&P 500 was up 2.4, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was down 29.0%.

Year to date, the Wax Ink portfolio is up 7.5%, the Dow is up 1.5%, the Nasdaq is up 10.0%, the S&P 500 is up 3.3%, the Russell 2000 is up 5.2%, and the VIX is lower by 12.9%.

The portfolio breakdown is roughly 56% cash, 44% equities, and 0% bonds. The total number of shares held remains the same.

Weekly Winners
This week's portfolio winners were rubber and plastics king Goodyear Tire and Rubber Company (NYSE: GT), up 5%, and maker of almost everything General Electric (NYSE: GE), up 4%, and refiner HollyFrontier Corporation (NYSE: HFC).

Weekly Losers
This week's portfolio losers were offshore construction company McDermott International (NYSE: MDR), down 5%, steel cylinder maker Worthington Industries (NYSE: WOR), down 4%, and chicken grease recycler Darling Ingredients, (NYSE: DAR), down 3%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% (unchanged for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 44% (up 3%for the week) since being added to the portfolio.

Notice
I will close my position in Worthington Industries, selling at the open on Monday.

Worksheets
Archived worksheets may be downloaded by going to the Worksheets page at the site and selecting an industry which will move you to all of the worksheets I have updated for the selected industry.

Worksheets updated last week may be downloaded by clicking on the links (company name) below.

Kulicke and Soffa Industries (Nasdaq: KLIC) - FYE 09/2014

Gulf Island Fabrication, Inc. (Nasdaq: GIFI) - FYE 12/2014

Olympic Steel, Inc. (Nasdaq: ZEUS) - FYE 12/2014

Albany International Corporation (NYSE: AIN) - FYE 12/2014

The Dixie Group, Inc. (Nasdaq: DXYN) - FYE 12/2014

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Reasonable Value Estimates
Reasonable value estimates are initial valuations which Accredited Investors, after completing their own due diligence, can either increase or decrease in accordance with their individual risk tolerance and investing philosophy.

Reasonable value estimates were established or revised this week for Kulicke and Soffa Industries at $26-$34, Gulf Island Fabrication at $30-$37, Olympic Steel at $43-$51, Albany International at $34-$40, and The Dixie Group at $7-$10.



Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink  [more]

Recs

1

Performance - Week Ending 07/10/2015

July 11, 2015 – Comments (0) | RELATED TICKERS: SPW , TNC , TKR

The Wax Ink Portfolio was down 0.4% for the week.

By comparison, the Dow was up 0.2%, the Nasdaq was down 0.2%, the S&P 500 was unchanged, the Russell 2000 was up 0.3%, and the Volatility Index, commonly known as the VIX, was up 0.2%.

Year to date, the Wax Ink portfolio is up 6.8%, the Dow is down 0.4%, the Nasdaq is up 5.5%, the S&P 500 is up 0.9%, the Russell 2000 is up 3.9%, and the VIX is higher by 22.4%.

The portfolio breakdown is roughly 57% cash, 43% equities, and 0% bonds. The total number of shares held decreased by 1000 this week with the sale of LB Foster Company.

Weekly Winners
This week's portfolio winners were specialty chemical maker WR Grace and Company (NYSE: GRA), up 1%, and refiner HollyFrontier Corporation (NYSE: HFC), up 1%.

Weekly Losers
This week's portfolio losers were chicken grease processor Darling Ingredients (NYSE: DAR), down 4%, tire and rubber king The Goodyear Tire and Rubber Comapny (NYSE: GT), down 4%, and steel cylinder maker Worthington Industries, (NYSE: WOR), down 3%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% (up 1% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 46% (down 1% for the week) since being added to the portfolio.

Notice
I closed my position in The LB Foster Company, selling at $33.83 for an 18% gain. I still believe the reason for the purchase, replacement of America's infrastructure, was sound. Where this holding went south, was my reliance on the government since TARP money was supposed to pay for much of this work. So for me the lesson is to remember that the government consists of 537 primary players, all of whom are worthless souls.

Worksheets
Archived worksheets may be downloaded by going to the Worksheets page at the site and selecting an industry which will move you to all of the worksheets I have updated for the selected industry.

Worksheets updated last week may be downloaded by clicking on the links (company name) below.

RigNet, Inc. (Nasdaq: RNET) - FYE 12/2014

SPX Corporation (NYSE: SPW) - FYE 12/2014

Tennant Company. (NYSE: TNC) - FYE 12/2014

The Timken Company (NYSE: TKR) - FYE 12/2014

Snap-On Incorporated (NYSE: NCR) - FYE 12/2014

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Reasonable Value Estimates
Reasonable value estimates are initial valuations which Accredited Investors, after completing their own due diligence, can either increase or decrease in accordance with their individual risk tolerance and investing philosophy.

Reasonable value estimates were established or revised this week for RigNet at $36-$44, SPX Corporation at $73-$83, Tennant Company at $48-$55, Timken Company at $43-$50, and Snap-On at $78-$82.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink  [more]

Recs

1

Performance - Week Ending 07/02/2015

July 04, 2015 – Comments (0) | RELATED TICKERS: FWRD , MATX , KSU

The Wax Ink Portfolio was up 4.9% for the week.

By comparison, the Dow was down 1.2%, the Nasdaq was down 1.4%, the S&P 500 was down 1.2%, the Russell 2000 was down 2.5%, and the Volatility Index, commonly known as the VIX, was up 19.8%.

Year to date, the Wax Ink portfolio is up 4.5%, the Dow is down 0.5%, the Nasdaq is up 5.8%, the S&P 500 is up 0.9%, the Russell 2000 is up 3.6%, and the VIX is higher by 22.4%.

The portfolio breakdown is roughly 55% cash, 45% equities, and 0% bonds. The total number of shares held decreased by 2000 this week with the sale of ArcBest Corporation.

Weekly Winners
This week's portfolio winners were oil refiner HollyFrontier Corporation (NYSE: HFC), up 7%, and agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 2%.

Weekly Losers
This week's portfolio losers were offshore engineering and construction company McDermott International (NYSE: MCD), down 5%, tire and rubber king The Goodyear Tire and Rubber Company (NYSE: GT), down 4%, and infrastructure supplier LB Foster Company, (Nasdaq: FSTR), down 4%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% (down 1% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 46% (down 1%for the week) since being added to the portfolio.

Notice
I am currently considering closing my position in infrastructure company The LB Foster Company.

Worksheets
Archived worksheets may be downloaded by going to the Worksheets page at the site and selecting an industry which will move you to all of the worksheets I have updated for the selected industry.

Worksheets updated last week may be downloaded by clicking on the links (company name) below.

Lawson Products, Inc. (Nasdaq: LAWS) - FYE 12/2014

Forward Air Corporation (Nasdaq: FWRD) - FYE 12/2014

Matson, Inc. (Nasdaq: MATX) - FYE 12/2014

Kansas City Southern (NYSE: KSU) - FYE 12/2014

NCR Corporation (NYSE: NCR) - FYE 12/2014

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Reasonable Value Estimates
Reasonable value estimates are initial valuations which Accredited Investors, after completing their own due diligence, can either increase or decrease in accordance with their individual risk tolerance and investing philosophy.

Reasonable value estimates were established or revised this week for Lawson Products at $12-$16, Forward Air Corporation at $46-$52, Matson at $32-$39, Kansas City Southern at $56-$61, and NCR Corporation at $20-$26.


Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink  [more]

Recs

1

Performance - Week Ending 06/26/2015

June 27, 2015 – Comments (0) | RELATED TICKERS: TAP , FRD , COP

The Wax Ink Portfolio was up 0.3% for the week.

By comparison, the Dow was down 0.4%, the Nasdaq was down 0.7%, the S&P 500 was down 0.4%, the Russell 2000 was down 0.4%, and the Volatility Index, commonly known as the VIX, was up 0.4%.

Year to date, the Wax Ink portfolio is down 0.4%, the Dow is up 0.7%, the Nasdaq is up 7.3%, the S&P 500 is up 2.1%, the Russell 2000 is up 6.2%, and the VIX is higher by 2.2%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds.

Weekly Winners
This week's portfolio winners were steel cylinder maker Worthington Industries (NYSE: WOR), up 11%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 3%, and cigarette paper maker Schweitzer-Maudit International, Inc. (NYSE: SWM), up 3%.

Weekly Losers
This week's portfolio losers were trucking company ArcBest Corporation (Nasdaq: ARCB), down 5%, chicken grease processor Darling Ingredients, Inc. (NYSE: DAR), down 4%, and offshore construction contractor McDermott International, Inc. (NYSE: MDR), down 4%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 9% (unchanged for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 45% (up 9% for the week) since being added to the portfolio.

Notice
Please note I will close my position in trucking company ArcBest Corporation on Monday 06/29/2015, selling at the open.

Worksheets
Archived worksheets may be downloaded by going to the Worksheets page at the site and selecting an industry which will move you to all of the worksheets I have updated for the selected industry.

Worksheets updated last week may be downloaded by clicking on the links (company name) below.

Friedman Industries, Inc. (AMEX: FRD) - FYE 03/2015

FMC Corporation (NYSE: FMC) - FYE 12/2014

World Fuel Services Corporation (NYSE: INT) - FYE 12/2014

ConocoPhillips (NYSE: COP) - FYE 10/2014

Adams Resources and Energy, Inc. (NYSE: AE) - FYE 12/2014

Molson Coors Brewing Company (NYSE: TAP) - FYE 12/2014

Sally Beauty Holdings, Inc. (NYSE: SBH) - FYE 09/2014


Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Reasonable Value Estimates
Reasonable value estimates are initial valuations which Accredited Investors, after completing their own due diligence, can either increase or decrease in accordance with their individual risk tolerance and investing philosophy.

Reasonable value estimates were established or revised this week for Friedman Industries at $11-$16, FMC Corporation at $38-$44, World Fuel Services at $47-$55, ConocoPhillips at $79-$81, Adams Resources and Energy at $70-$79, Molson Coors Brewing at $35-$36, Sally Beauty Holdings at $25-$26.


Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink  [more]

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