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Cabot Corporation Value Alert

July 21, 2014 – Comments (0) | RELATED TICKERS: CBT

Texas (July 21, 2014) Wax Ink has issued a Negative Investment Interest opinion for Cabot Corporation (NYE: CBT), based on a recent intrinsic value review that placed fair value for the company between $36-$44.

A Negative Investment Interest opinion (sell) means that the current key performance indicators (KPIs) and associated financial metrics do not favor a position in this stock as an active investment at this time.

The recent close of $56.92 is approximately 162% above a fair value buy target for the stock and approximately 27% above a fair value close target for the stock. The recent close is also 15% below analysts’ twelve-month $67.00 median price target for the stock.

The recent close represents a 42% increase in the one-year price of the stock, while year-over-year sales increased 5%, year-over-year earnings decreased 18%, year-over-year debt decreased 8%, and year-over-year free cash flow increased 2%.

The company paid a dividend of $0.80, a year-over-year increase of 5%.

The stock currently has a trailing twelve-month PE Ratio of 26, and a PEG Ratio of 5.2 basis estimated forward earnings growth of 5%.

In the past 52 weeks, share prices have moved between a high of $61.46 and a low of $39.00, placing current equilibrium at $55.57. With the recent close, the stock is trading 8% below the 52 week high, 32% above the 52 week low, and 2% above current equilibrium.

The three-month average daily trading volume for this stock is approximately 0.276 million shares and the recent average daily trading volume is approximately 0.224 million shares. There are approximately 0.627 million short interest shares which places the days to cover at 2.08.

Cabot Corporation operates as a specialty chemicals and performance materials company.

The company's listed competitors include Aditya Birla Nuvo Limited, Evonik Degussa GmbH, and Sid Richardson Carbon and Energy Company.

Financial information contained in this alert, is basis the company's most recent annual SEC filing for year ending September 30, 2013. Unless otherwise noted, all prices are per share.

Disclosures
At this time Wax Ink has no investment position in any company mentioned in this alert. This alert is for use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.

Wax Ink is a baseline equity research company not licensed or registered with any government agency focusing on long-term investment opportunities.

Copyright © 2014 Wax Ink  [more]

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Performance - Week Ending 07/18/2014

July 19, 2014 – Comments (0) | RELATED TICKERS: PBI , WNR , DO

The Wax Ink Portfolio was up 1.7% for the week. By comparison, the Dow was up 0.9%, the Nasdaq was up 0.4%, the S&P 500 was up 0.5%, the Russell 2000 was down 0.7%, and the Volatility Index, commonly known as the VIX, was basically unchanged.

Year to date, the Wax Ink portfolio is down 0.8%, the Dow is up 3.2%, the Nasdaq is up 6.1%, the S&P 500 is up 7.0%, the Russell 2000 is down 1.0%, and the VIX is lower by 12.1%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week's winners were specialty contractor URS Corporation (NYSE: URS), up 13%, specialty chemicals company WR Grace Company (NYSE: GRA), up 5%, and agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 4%.

This week's punch bowl floaters were pill maker Cubist Pharmaceuticals, Inc. (Nasdaq: CBST), down 4%, building materials company Griffon Corporation (NYSE: GFF), down 3%, and infrastructure supplier LB Foster Company(Nasdaq: FSTR), down 2%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 38% since being added to the portfolio, and municipal/industrial

construction company Layne Christensen (Nasdaq: LAYN), down 40% since being added to the portfolio.

Worksheets were updated this week for:
Seaboard Corporation (AMEX: SEB), Western Refining, Inc. (NYSE: WNR), Pitney Bowes, Inc. (NYSE: PBI), and Diamond Offshore Drilling, Inc. (NYSE: DO).

Rounding out the week, Value Alerts were issued this week for Seaboard Corporation, and Pitney Bowes, Inc..

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.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink   [more]

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Pitney Bowes Value Alert

July 17, 2014 – Comments (0) | RELATED TICKERS: PBI

Texas (July 17, 2014) Wax Ink has issued a Negative Investment Interest opinion for Pitney Bowes, Inc. (NYE: PBI), based on a recent intrinsic value review that placed fair value for the company between $20-$26.

A Negative Investment Interest opinion (sell) means that the current key performance indicators (KPIs) and associated financial metrics do not favor a position in this stock as an active investment at this time.

The recent close of $28.13 is approximately 137% above a fair value buy target for the stock and approximately 15% above a fair value close target for the stock. The recent close is also 6% below analysts’ twelve-month $30.00 median price target for the stock.

The recent close represents a 102% increase in the one-year price of the stock, while year-over-year sales decreased 1%, year-over-year earnings increased 62%, year-over-year debt decreased 17%, and year-over-year free cash flow increased 36%.

The company paid a dividend of $0.93, a year-over-year decline of 37%.

The stock currently has a trailing twelve-month PE Ratio of 14, and a PEG Ratio of (14) basis estimated forward earnings growth of (1%).

In the past 52 weeks, share prices have moved between a high of $28.24 and a low of $13.76, placing current equilibrium at $25.77. With the recent close, the stock is trading 0.4% below the 52 week high, 51% above the 52 week low, and 8% above current equilibrium.

The three-month average daily trading volume for this stock is approximately 1.73 million shares and the recent average daily trading volume is approximately 1.66 million shares. There are approximately 18.6 million short interest shares which places the days to cover at 13.8.

Pitney Bowes is a global provider of technology solutions helping small, mid-sized and large firms connect to customers to build loyalty and grow revenue.

The company's listed competitors include Neopost S.A., Xerox Corporation, and Canon, Inc..

Financial information contained herein, was extracted from the company's most recent annual SEC filing for year ending December 31, 2013 and all prices are per share unless otherwise noted.

Disclosures
At this time Wax Ink has no investment position in any company mentioned in this alert. This alert is for use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.

Wax Ink is a baseline equity research company not licensed or registered with any government agency focusing on long-term investment opportunities.

Copyright © 2014 Wax Ink  [more]

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Seaboard Corporation Value Alert

July 13, 2014 – Comments (0) | RELATED TICKERS: SEB

Texas (July 13, 2014) Wax Ink has issued a Negative Investment Interest opinion for Seaboard Corporation (AMEX: SEB), based on a recent intrinsic value review that placed fair value for the company between $396-$447.

A Negative Investment Interest opinion (sell) means that the current key performance indicators (KPIs) and associated financial metrics do not favor a position in this stock as an active investment at this time.

The recent close of $2929.00 is approximately 1133% above a fair value buy target for the stock and approximately 499% above a fair value close target for the stock. The recent close is also 00% above/below analysts’ twelve-month $00.00 median price target for the stock.

The recent close represents a 4.5% increase in the one-year price of the stock, while year-over-year sales increased 8%, year-over-year earnings decreased 46%, year-over-year debt decreased 7%, and year-over-year free cash flow decreased 47%.

The company paid a dividend of $0.00 which represents a year-over-year dividend decrease of 100%. In December 2012, the company declared and paid a dividend of $12.00 per share on the common stock. The increased amount of the dividend (which has historically been $0.75 per share on a quarterly basis or $3.00 per share on an annual basis) represented a prepayment of the annual 2013, 2014, 2015 and 2016 dividends ($3.00 per share per year). The company does not currently intend to declare any further dividends for the years 2014-2016, and did not declare a dividend in 2013 or 2011. In 2010, the company declared and paid dividends of $9.00 per share on the common stock, which included a prepayment of the annual 2011 and 2012 dividends ($3.00 per share per year).

The stock currently has a trailing twelve-month PE Ratio of 21, and a PEG Ratio of 1.5 basis estimated forward earnings growth of 14.5%.

In the past 52 weeks, share prices have moved between a high of $3119.33 and a low of $2350.00, placing current equilibrium at $2472.68. With the recent close, the stock is trading 6.5% below the 52 week high, 20% above the 52 week low, and 6% above current equilibrium.

The three-month average daily trading volume for this stock is approximately 694 shares and the recent average daily trading volume is approximately 603 shares. There are approximately 902 short interest shares which places the days to cover at 4.90.

Seaboard Corporation. is an agribusiness and transportation company, engaged in the production, processing, and ocean transportation of pork worldwide.

The company's listed competitors include Bunge Limited, Louis Dreyfus Holding BV, and Smithfield Foods, Inc..

Financial information contained herein, was extracted from the company's most recent annual SEC filing for year ending December 31, 2013 and all prices are per share unless otherwise noted.

Disclosures
At this time Wax Ink has no investment position in any company mentioned in this alert. This alert is for use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.

Wax Ink is a baseline equity research company not licensed or registered with any government agency focusing on long-term investment opportunities.

Copyright © 2014 Wax Ink  [more]

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Performance - Week Ending 07/11/2014

July 12, 2014 – Comments (0) | RELATED TICKERS: URS , SCX , LAYN

The Wax Ink Portfolio was down 3.3% for the week. By comparison, the Dow was down 0.7%, the Nasdaq was down 1.6%, the S&P 500 was down 0.9%, the Russell 2000 was down 4.0%, and the Volatility Index, commonly known as the VIX, was up 17.1%.

Year to date, the Wax Ink portfolio is down 2.4%, the Dow is up 2.2%, the Nasdaq is up 5.7%, the S&P 500 is up 6.4%, the Russell 2000 is down 0.3%, and the VIX is lower by 12.0%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week's winners were specialty contractor URS Corporation (NYSE: URS), up 3%, and small tool maker The LS Starrett Company (NYSE: SCX), up 2%.

This week's punch bowl floaters were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 14%, building materials company Griffon Corporation (NYSE: GFF), down 9%, and cigarette paper maker Schweitzer-Maudit International(NYSE: SWM), down 6%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 36% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 41% since being added to the portfolio.

Worksheets were updated this week for:
Denbury Resources, Inc. (NYSE: DNR), Swift Energy Company (NYSE: SFY), Lear Corporation (NYSE: LEA), The Timken Company (NYSE: TKR), Triumph Group, Inc. (NYSE: TGI), Joy Global, Inc. (NYSE: JOY).

Also, Value Alerts were issued this week for Denbury Resources, Inc., and Baker Hughes.

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.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink  [more]

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