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Performance - Week Ending 02/05/2016

February 06, 2016 – Comments (0) | RELATED TICKERS: DXPE , LDL

The Wax Ink Portfolio was down 7.0% for the week.

By comparison, the Dow was up 1.6%, the Nasdaq was down 5.4%, the S&P 500 was down 3.1%, the Russell 2000 was down 4.8%, and the Volatility Index, commonly known as the VIX, was up 15.7%.

Year to date, the Wax Ink portfolio is down 11.5%, the Dow is down 7.0%, the Nasdaq is down 12.9%, the S&P 500 is down 8.0%, the Russell 2000 is down 13.2%, and the VIX is higher by 28.4%.

The portfolio breakdown is 59% cash, 41% equities, and 0% bonds.

Baseline Valuation Estimates
Baseline Valuation 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 or investing philosophy.

Financial data used in the creation of each Baseline Valuation Estimate is the most recent company ANNUAL financial information as filed with the U.S. Securities and Exchange Commission.

The average baseline valuation estimate of all equities currently held in the Wax Ink Portfolio is $37.17. For the current week ending, the average market valuation of all equities currently held in the Wax Ink Portfolio is $27.79, making the current value spread (25.22%).

Fair Warning
WR Grace completed the separation of its construction products business on February 3, 2016 via a one for one distribution meaning for every share of WR Grace stock I owned, I received a like number of shares in the new company. The name of the new company is GCP Applied Technologies, Inc. (NYSE: GCP) and began trading on February 4, opening at $16.27. I am in the process of figuring out how to adjust the cost basis of my WR Grace shares and create a cost basis for the new shares. But for now I have added the new shares to the portfolio.

Hydrocarbon Prices
WTI Crude ended the week at $30.89, down 8.1%, while Brent Crude ended the week at $34.06, down 5.4%, creating a crude price spread of $3.17. On the other side of the floor Natural Gas ended the week at $2.06, down 10.4%, and RBOB Gasoline ended the week at $0.993, down 12.3%.

Year to date WTI Crude is down 16.6%, Brent Crude is down 8.6%, Natural Gas is down 12.0%, and RBOB Gasoline is down 21.9%.

Treasury and Bond Yields
The 5 Year Treasury ended the week at 1.22, down 6.2%, while the 10 Year Treasury ended the week at 1.81, down 4.7%. The 5 Year AAA Municipal Bond ended the week at 0.71, down 9.0%, and the 10 Year AAA Municipal Bond ended the week at 1.55, down 0.6%. Lastly, the 5 Year AAA Corporate closed the week at 1.03, down 25.9%, with the 10 Year AAA Corporate ending the week at 2.60, down 1.9%.

Year to date the 5 Year Treasury is down 29.9%, the 10 Year Treasury is down 19.6%, the 5 Year AAA Muni is down 42.7%, the 10 year AAA Muni is down 27.6%, the 5 Year AAA Corporate is down 45.8%, and the 10 Year AAA Corporate is down 11.0%.

Weekly Winners
This week's portfolio winners were offshore supply boat company Tidewater, Inc. (NYSE: TDW), up 11%, municipal construction company Layne Christensen Company (Nasdaq: LAYN), up 4%, and construction products company GCP Applied Technologies, Inc. (NYSE: GCP), up 1%.

Weekly Losers
This week's portfolio losers were oil company Marathon Oil Corporation (NYSE: MRO), down 13%, refiner HollyFrontier Corporation (NYSE: HFC), down 11%, and building materials company Griffon Corporation (NYSE: GFF), down 8%.

Portfolio Duds
The portfolio's worst performing stocks remain municipal construction company Layne Christensen down 66% since being added to the portfolio, and offshore supply boat company Tidewater, down 52% since being added to the portfolio, independent oil and gas company Marathon Oil Corporation, down 42% since being added to the portfolio, building materials company Griffon Corporation down 22% since being added to the portfolio, and offshore construction contractor McDermott International down 14% since being added to the portfolio.

Baseline Valuation 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 were either created or updated last week for the following companies. Please note that worksheets are updated or created basis the most current SEC 10-K ANNUAL filing.

DXP Enterprises, Inc. (Nasdaq: DXPE) - FYE 12/2014

Lydall, Inc. (NYSE: LDL) - FYE 12/2014

Estimate Revisions and Additions
Baseline value estimates were either created or revised this week for DXP Enterprises ($44-$45), and Lydall ($32-$40).

Have a great week.

Wax

Wax Ink is a baseline equity valuation company not licensed or registered with any government agency
Copyright © 2016 Wax Ink  [more]

Recs

1

Performance - Week Ending 01/29/2016

January 30, 2016 – Comments (0) | RELATED TICKERS: WYNN , MMM , PKG

The Wax Ink Portfolio was down 0.5% for the week.

By comparison, the Dow was up 2.3%, the Nasdaq was up 0.5%, the S&P 500 was up 1.7%, the Russell 2000 was up 1.4%, and the Volatility Index, commonly known as the VIX, was down 9.6%.

Year to date, the Wax Ink portfolio is down 4.8%, the Dow is down 5.5%, the Nasdaq is down 7.9%, the S&P 500 is down 5.1%, the Russell 2000 is down 8.8%, and the VIX is higher by 10.9%.

The portfolio breakdown is 59% cash, 41% equities, and 0% bonds, with no change in the number of shares held.

Baseline Valuation Estimates
Baseline Valuation 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 or investing philosophy.

Financial data used in the creation of each Baseline Valuation Estimate is the most recent company ANNUAL financial information as filed with the U.S. Securities and Exchange Commission.

The average baseline valuation estimate of all equities currently held in the Wax Ink Portfolio is $37.00. For the current week ending, the average market valuation of all equities currently held in the Wax Ink Portfolio is $30.98, making the current value spread -16.26%.

Hydrocarbon Prices
WTI Crude ended the week at $33.62, up 4.4%, while Brent Crude ended the week at $35.99, up 11.8%, creating a crude price spread of $2.37. On the other side of the floor Natural Gas ended the week at $2.30, up 7.5%, and RBOB Gasoline ended the week at $1.132, up 4.4%.

Year to date WTI Crude is down 9.2%, Brent Crude is down 3.5%, Natural Gas is down 1.7%, and RBOB Gasoline is down 10.9%.

Treasury and Bond Yields
The 5 Year Treasury ended the week at 1.30, down 11.0%, while the 10 Year Treasury ended the week at 1.90, down 6.4%. The 5 Year AAA Municipal Bond ended the week at 0.78, down 3.7%, and the 10 Year AAA Municipal Bond ended the week at 1.56, up 1.3%. Lastly, the 5 Year AAA Corporate closed the week at 1.39, down 6.7%, with the 10 Year AAA Corporate ending the week at 2.65, down 2.6%.

Year to date the 5 Year Treasury is down 25.3%, the 10 Year Treasury is down 15.6%, the 5 Year AAA Muni is down 37.1%, the 10 year AAA Muni is down 27.1%, the 5 Year AAA Corporate is down 26.8%, and the 10 Year AAA Corporate is down 9.2%.

Weekly Winners
This week's portfolio winners were municipal construction contractor Layne Christensen (Nasdaq: LAYN), up 9%, upstream oil company Marathon Oil Corporation (NYSE: MRO), up 8%, and conglomerate General Electric (NYSE: GE), up 3%.

Weekly Losers
This week's portfolio losers were specialty chemical company WR Grace and Company (NYSE: GRA), down 6%, building materials company Griffon Corporation (NYSE: GFF), down 6%, and supply boat company Tidewater, Inc. (NYSE: TDW), down 3%.

Portfolio Duds
The portfolio's worst performing stocks remain municipal construction company Layne Christensen down 68% since being added to the portfolio, and offshore supply boat company Tidewater, down 57% since being added to the portfolio, independent oil and gas company Marathon Oil Corporation, down 33% since being added to the portfolio, building materials company Griffon Corporation down 15% since being added to the portfolio, and offshore construction contractor McDermott International down 12% since being added to the portfolio.

Baseline Valuation 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 were either created or updated last week for the following companies. Please note that worksheets are updated or created basis the most current SEC 10-K ANNUAL filing.

Wynn Resorts, Ltd. (Nasdaq: WYNN) - FYE 12/2014

3M Company (NYSE: MMM) - FYE 12/2014

Packaging Corporation of America (NYSE: PKG) - FYE 12/2014

Silgan Holdings, Inc. (Nasdaq: SLGN) - FYE 12/2014

Estimate Revisions and Additions
Baseline value estimates were either created or revised this week for Wynn Resorts ($48-$55), 3M Company ($72-$74), Packaging Corporation of America ($44-$51), and Silgan Holdings ($36-$39).

Have a great week.

Wax

Wax Ink is a baseline equity valuation company not licensed or registered with any government agency
Copyright © 2016 Wax Ink  [more]

Recs

1

Performance - Week Ending 01/22/2016

January 23, 2016 – Comments (0) | RELATED TICKERS: NWL , TUP , ENB

The Wax Ink Portfolio was up 2.1% for the week.

By comparison, the Dow was up 0.7%, the Nasdaq was up 2.3%, the S&P 500 was up 1.4%, the Russell 2000 was up 1.3%, and the Volatility Index, commonly known as the VIX, was down 17.3%.

Year to date, the Wax Ink portfolio is down 4.4%, the Dow is down 7.6%, the Nasdaq is down 8.3%, the S&P 500 is down 6.7%, the Russell 2000 is down 10.1%, and the VIX is higher by 22.7%.

The portfolio breakdown is 58% cash, 42% equities, and 0% bonds, with no change in the number of shares held.

Baseline Valuation Estimates
Baseline Valuation 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 or investing philosophy.

Financial data used in the creation of each Baseline Valuation Estimate is the most recent company ANNUAL financial information as filed with the U.S. Securities and Exchange Commission.

The average baseline valuation estimate of all equities currently held in the Wax Ink Portfolio is $37.00. For the current week ending, the average market valuation of all equities currently held in the Wax Ink Portfolio is $31.48, making the current value spread -14.91%.

Hydrocarbon Prices
WTI Crude ended the week at $32.19, up 9.4%, while Brent Crude ended the week at $32.18, up 11.2%, creating a crude price spread of ($0.01). On the other side of the floor Natural Gas ended the week at $2.14, up 1.9%, and RBOB Gasoline ended the week at $1.084, up 6.2%.

Year to date WTI Crude is down 13.1%, Brent Crude is down 13.7%, Natural Gas is down 8.5%, and RBOB Gasoline is down 14.7%.

Treasury and Bond Yields
The 5 Year Treasury ended the week at 1.39, down 2.8%, while the 10 Year Treasury ended the week at 1.96, down 3.0%. The 5 Year AAA Municipal Bond ended the week unchanged, and the 10 Year AAA Municipal Bond ended the week at 1.64, down 1.2%. Lastly, the 5 Year AAA Corporate closed the week at 1.69, up 1.2%, with the 10 Year AAA Corporate ending the week at 2.82, up 0.7%.

Year to date the 5 Year Treasury is down 20.1%, the 10 Year Treasury is down 12.9%, the 5 Year AAA Muni is down 18.5%, the 10 year AAA Muni is down 23.4%, the 5 Year AAA Corporate is down 11.1%, and the 10 Year AAA Corporate is down 3.4%.

Weekly Winners
This week's portfolio winners were independent oil and gas company Marathon Oil Corporation (NYSE: MRO), up 11%, refiner Holley Frontier Corporation (NYSE: HFC), up 6%, and building materials company Griffon Corporation (NYSE: GFF), up 5%.

Weekly Losers
This week's portfolio losers were municipal construction contractor Layne Christensen (Nasdaq: LAYN), down 11%, specialty chemical company WR Grace and Company (NYSE: GRA), down 6%, and really big company General Electric (NYSE: GE), down 1%.

Portfolio Duds
The portfolio's worst performing stocks remain municipal construction company Layne Christensen down 70% since being added to the portfolio, and offshore supply boat company Tidewater, down 55% since being added to the portfolio, independent oil and gas company Marathon Oil Corporation, down 38% since being added to the portfolio, and building materials company Griffon Corporation down 10% since being added to the portfolio.

Baseline Valuation 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 were either created or updated last week for the following companies. Please note that worksheets are updated or created basis the most current SEC 10-K ANNUAL filing.

Enbridge, Inc. (NYSE: ENB) - FYE 12/2014

The Williams Companies, Inc. (NYSE: WMB) - FYE 12/2014

Peabody Energy Corporation (NYSE: BTU) - FYE 12/2014

Newell Rubbermaid, Inc. (NYSE: NWL) - FYE 12/2014

Tupperware Brands Corporation (NYSE: TUP) - FYE 12/2014

Estimate Revisions and Additions
Baseline value estimates were either created or revised this week for Enbridge ($17-$18), FMC Technologies ($37-$44), Core Laboratories ($52-$65), Gibraltar Industries ($21-$27), Newell Rubbermaind ($27-$28), and Tupperware ($42-$43).

Have a great week.

Wax

Wax Ink is a baseline equity valuation company not licensed or registered with any government agency
Copyright © 2016 Wax Ink  [more]

Recs

1

Performance - Week Ending 01/15/2016

January 16, 2016 – Comments (0) | RELATED TICKERS: BHI , OII , ROCK

The Wax Ink Portfolio was down 2.7% for the week.

By comparison, the Dow was down 2.2%, the Nasdaq was down 3.3%, the S&P 500 was down 2.2%, the Russell 2000 was down 3.7%, and the Volatility Index, commonly known as the VIX, was unchanged.

Year to date, the Wax Ink portfolio is down 6.4%, the Dow is down 8.2%, the Nasdaq is down 10.4%, the S&P 500 is down 8.0%, the Russell 2000 is down 11.3%, and the VIX is higher by 48.4%.

The portfolio breakdown is 58% cash, 42% equities, and 0% bonds, with no change in the number of shares held.

Baseline Valuation Estimates
Baseline Valuation 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 or investing philosophy.

Financial data used in the creation of each Baseline Valuation Estimate is the most recent company ANNUAL financial information as filed with the U.S. Securities and Exchange Commission.

The average baseline valuation estimate of all equities currently held in the Wax Ink Portfolio is $37.00. For the current week ending, the average market valuation of all equities currently held in the Wax Ink Portfolio is $57.88, making the current value spread 56.43%.

Hydrocarbon Prices
WTI Crude ended the week at $29.42, down 11.3%, while Brent Crude ended the week at $28.94, down 13.7%, creating a crude price spread of ($0.48). On the other side of the floor Natural Gas ended the week at $2.10, down 15.0%, and RBOB Gasoline ended the week at $1.0212, down 9.5%.

Year to date WTI Crude is down 20.6%, Brent Crude is down 22.4%, Natural Gas is down 10.3%, and RBOB Gasoline is down 19.7%.

Treasury and Bond Yields
The 5 Year Treasury ended the week at 1.43, down 7.1%, while the 10 Year Treasury ended the week at 2.02, down 3.8%. The 5 Year AAA Municipal Bond ended the week at 1.01, up 2.0%, and the 10 Year AAA Municipal Bond ended the week at 1.66, down 2.4%. Lastly, the 5 Year AAA Corporate closed the week at 1.67, down 6.7%, with the 10 Year AAA Corporate ending the week at 2.80, up 0.4%.

Year to date the 5 Year Treasury is down 17.8%, the 10 Year Treasury is down 10.2%, the 5 Year AAA Muni is down 18.5%, the 10 year AAA Muni is down 22.4%, the 5 Year AAA Corporate is down 12.1%, and the 10 Year AAA Corporate is down 4.1%.

Weekly Winners
This week's portfolio winners were municipal contractor Layne Christensen Company (Nasdaq: LAYN), up 9%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 3%, and specialty chemical maker WR Grace and Company (NYSE: GRA), up 1%.

Weekly Losers
This week's portfolio losers were independent oil and gas company Marathon Oil Corporation (NYSE: MRO), down 21%, refiner Holly Frontier Corporation (NYSE: HFC), down 9%, and offshore supply boat contractor Tidewater, Inc. (NYSE: TDW), down 7%.

Portfolio Duds
The portfolio's worst performing stocks remain municipal construction company Layne Christensen down 67% since being added to the portfolio, and offshore supply boat company Tidewater, down 55% since being added to the portfolio, and independent oil and gas company Marathon Oil Corporation, down 44% since being added to the portfolio.

Baseline Valuation 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 were either created or updated last week for the following companies. Please note that worksheets are updated or created basis the most current SEC 10-K ANNUAL filing.

Oceanerring International, Inc. (NYSE: OII) - FYE 12/2014

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

Core Laboratories NV (NYSE: CLB) - FYE 12/2014

Gibraltar Industries, Inc. (Nasdaq: ROCK) - FYE 12/2014

Baker Hughes, Inc. (NYSE: BHI) - FYE 12/2014

Pioneer Natural Resources Company (NYSE: PXD) - FYE 12/2014

Estimate Revisions and Additions
Baseline value estimates were either created or revised this week for Oceaneering International ($48-$55), FMC Technologies ($37-$44), Core Laboratories ($52-$65), Gibraltar Industries ($21-$27), Baker Hughes ($61-$66), and Pioneer Natural Resources ($70-$72).

Have a great week.

Wax

Wax Ink is a baseline equity valuation company not licensed or registered with any government agency
Copyright © 2016 Wax Ink  [more]

Recs

1

Performance - Week Ending 01/08/2016

January 09, 2016 – Comments (0) | RELATED TICKERS: SXT , CLR , CAM

The Wax Ink Portfolio was down 3.8% for the week.

By comparison, the Dow was down 6.2%, the Nasdaq was down 7.3%, the S&P 500 was down 6.0%, the Russell 2000 was down 8.1%, and the Volatility Index, commonly known as the VIX, was up 48.3%.

Year to date, the Wax Ink portfolio is down 3.8%, the Dow is down 6.2%, the Nasdaq is down 7.3%, the S&P 500 is down 6.0%, the Russell 2000 is down 8.10%, and the VIX is higher by 48.3%.

The portfolio breakdown remains 55% cash, 45% equities, and 0% bonds, with no change in the number of shares held.

Baseline Valuation Estimates
Baseline Valuation 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 or investing philosophy.

Financial data used in the creation of each Baseline Valuation Estimate is the most recent company ANNUAL financial information as filed with the U.S. Securities and Exchange Commission.

The average baseline valuation estimate of all equities currently held in the Wax Ink Portfolio is $37.00. For the current week ending, the average market valuation of all equities currently held in the Wax Ink Portfolio is $59.47, making the current value spread 60.73%.

Week Ending Crude Oil, Natural Gas, and Unleaded Gasoline Prices
WTI Crude ended the week at $33.16, down10.5%, while Brent Crude ended the week at $33.55, down 10.0%, creating a price spread of $0.39. On the other side of the floor Natural Gas ended the week at $2.47, up 5.6%, and RBOB Gasoline ended the week at $1.128, down 11.3%.

Week Ending Treasury and Bond Yields
The 5 Year Treasury ended the week at 1.54, down 11.5%, while the 10 Year Treasury ended the week at 2.10, down 6.7%. The 5 Year AAA Municipal Bond ended the week at 0.99, down 20.2%, and the 10 Year AAA Municipal Bond ended the week at 2.14, down 20.6%. Lastly, the 5 Year AAA Corporate closed the week at 1.79, down 5.8%, with the 10 Year AAA Corporate ending the week at 2.79, down 4.5%.

Weekly Winners
There were no portfolio winners this week.

Weekly Losers
This week's portfolio losers were offshore oil rig contractor McDermott International, Inc. (NYSE: MDR), down 6%, independent oil and gas company Marathon Oil Corporation (NYSE: MRO), down 18%, and offshore supply boat contractor Tidewater, Inc. (NYSE: TDW), down 15%.

Portfolio Duds
The portfolio's worst performing stocks remain municipal construction company Layne Christensen down 69% since being added to the portfolio, and offshore supply boat company Tidewater, down 52% since being added to the portfolio, and Marathon Oil Corporation, down 29% since being added to the portfolio.

Baseline Valuation 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 were either created or updated last week for the following companies. Please note that worksheets are updated or created basis the most current SEC 10-K ANNUAL filing.

Agrium, Inc. (NYSE: AGU) - FYE 01/2015

Sensient Technologies Corporation (NYSE: SXT) - FYE 12/2014

Continental Resources, Inc. (NYSE: CLR) - FYE 12/2014

Cameron International Corporation (NYSE: CAM) - FYE 12/2014

Helix Energy Solutions Group, Inc. (NYSE: HLX) - FYE 12/2014

Estimate Revisions and Additions
Baseline value estimates were either created or revised this week for Agrium ($48-$50), Sensient Technologies ($36-$45), Continental Resources ($40-$50), Cameron International ($62-$68), and Helix Energy ($23-$28).

Have a great week.

Wax

Wax Ink is a baseline equity valuation company not licensed or registered with any government agency
Copyright © 2016 Wax Ink  [more]

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