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Recs

1

Performance - Week Ending 08/28/2015

August 29, 2015 – Comments (0) | RELATED TICKERS: RIG , DORM , TG

The Wax Ink Portfolio was down 7.1% for the week.

By comparison, the Dow was up 1.1%, the Nasdaq was up 2.6%, the S&P 500 was up 0.9, the Russell 2000 was up 0.5%, and the Volatility Index, commonly known as the VIX, was down 7.1%.

Year to date, the Wax Ink portfolio is down 5.2%, the Dow is down 6.6%, the Nasdaq is up 1.9%, the S&P 500 is down 3.4%, the Russell 2000 is down 3.5%, and the VIX is higher by 89.9%.

The portfolio breakdown is roughly 57% cash, 43% equities, and 0% bonds. The total number of shares held changed increased by 4000 with the addition of Marathon Oil.

Weekly Winners
This week's portfolio winners were offshore oil rig contractor McDermott International (NYSE: MDR), up 25%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 6%, and independent oil company Marathon Oil Corporation (NYSE: MRO), up 6%.

Weekly Losers
This week's portfolio losers were chicken grease king Darling Ingredients (NYSE: DAR), down 2%, and refiner HollyFrontier Corporation (NYSE: HFC), down 2%, down 9%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 8% (down 0.06% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 54% (up 1% for the week) since being added to the portfolio, and offshore supply company Tidewater, Inc. (NYSE: TDW), down 4% (down 9% for the week) since being added to the portfolio.

Fair Warning
As noted last week, I concentrated on adding at least one stock to the portfolio this week, and was able to add 4000 shares of Marathon Oil Corporation with an average cost basis if $14.52. Also as noted over the past several months, I think it is time for Darling Ingredients to go. I will be watching for opportunities to close my position over the coming weeks.

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.

AeroVironment, Inc. (Nasdaq: AVAV) - FYE 04/2015

Marathon Oil Corporation (NYSE: MRO) - FYE 12/2014

TransOcean, Ltd. (NYSE: RIG) - FYE 12/2014

Dorman Products, Inc. (Nasdaq: DORM) - FYE 12/2014

Ampco-Pittsburgh Corporation (NYSE: AP) - FYE 12/2014

Tredgear Corporation (NYSE: TG) - 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 AeroVironment at $23-$31, Marathon Oil Corporation at $53-$58, TransOcean at $78-$79, Dorman Products at $43-$52, Ampco-Pittsburgh at $32-$39, and Tredgear Corporation at $24-$30.


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 08/21/2015

August 22, 2015 – Comments (0) | RELATED TICKERS: ABAX , GHM , RPM

The Wax Ink Portfolio was down 2.9% for the week.

By comparison, the Dow was down 5.8%, the Nasdaq was down 6.8%, the S&P 500 was down 5.8, the Russell 2000 was down 4.6%, and the Volatility Index, commonly known as the VIX, was up 118.5%.

Year to date, the Wax Ink portfolio is up 3.5%, the Dow is down 7.6%, the Nasdaq is down 0.6%, the S&P 500 is down 4.3%, the Russell 2000 is down 4.0%, and the VIX is higher by 104.3%.

The portfolio breakdown is roughly 58% cash, 42% equities, and 0% bonds. The total number of shares held changed was unchanged.

Weekly Winners
Forget it. There were no winners this week. Probably won't be any next week either.

Weekly Losers
This week's portfolio losers were offshore oil rig contractor McDermott International (NYSE: MDR), down 14%, refiner HollyFrontier Corporation (NYSE: HFC), down 9%, and rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), down 9%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 8% (down 4% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 54% (down 12% for the week) since being added to the portfolio. In addition, offshore supply company Tidewater, Inc. (NYSE: TDW) joined the list of duds this week, down 10% (down 9% for the week) since being added to the portfolio.

Fair Warning
The high speed computer traders are moving the markets. Huge positions are being sold off in under a second. I would expect this trend to continue over the course of the next several weeks. Since cash is roughly 58% of my portfolio I am actively looking for stocks to add to my portfolio instead of increasing positions in stocks I already own.

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.

Layne Christensen Company (Nasdaq: LAYN) - FYE 01/2015

Abaxis, Inc. (Nasdaq: ABAX) - FYE 03/2015

Graham Corporation (NYSE: GHM) - FYE 03/2015

RPM International, Inc. (NYSE: RPM) - FYE 05/2015


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 Layne Christensen at $6-$6, Abaxis at $31-$40, Graham Corporation at $34-$42, and RPM International at $30-$31.


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 08/14/2015

August 15, 2015 – Comments (0) | RELATED TICKERS: MOD , PDCO , TGI

Performance - Week Ending 08/14/2015
The Wax Ink Portfolio was down 2.0% for the week.

By comparison, the Dow was up 0.6%, the Nasdaq was up 0.1%, the S&P 500 was up 0.7, the Russell 2000 was up 0.5%, and the Volatility Index, commonly known as the VIX, was down 4.2%.

Year to date, the Wax Ink portfolio is up 6.5%, the Dow is down 1.9%, the Nasdaq is up 6.6%, the S&P 500 is up 1.6%, the Russell 2000 is up 0.7%, and the VIX is lower by 6.5%.

The portfolio breakdown is roughly 58% cash, 42% equities, and 0% bonds. The total number of shares held changed with the sale of Kaman Corporation and the addition of Tidewater, Inc.

Weekly Winners
This week's portfolio winners were chicken grease processor Darling Ingredients (NYSE: DAR), up 12%, refiner HollyFrontier Corporation (NYSE: HFC), up 5%, and tire and rubber king Goodyear Tire and Rubber Company (NYSE:GT), up 5.0%.

Weekly Losers
This week's portfolio losers were cigarette paper maker Schweitzer-Maudit International, Inc. (NYSE: SWM), down 4%, offshore oil rig contractor McDermott International (NYSE: MDR), down 3%, and offshore supply company Tidewater, Inc. (NYSE: TDW), down 1%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 5% (down 1% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 58% (up 3% for the week) since being added to the portfolio.

Fair Warning
As noted several weeks ago, I closed my position in Kaman Corporation this week, selling 2000 shares with a cost basis of $24.29, at $39.52 for a 63% return over a 2611 day hold. In addition, I have added Tidewater, Inc. to the portfolio, purchasing 3000 shares with a cost basis of $17.77 including fees.

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.

Tidewater, Inc. (NYSE: TDW) - FYE 03/2015

Modine Manufacturing Company (NYSE: MOD) - FYE 03/2015

Orbital ATK, Inc. (NYSE: OA) - FYE 03/2015

Patterson Companies, Inc. (Nasdaq: PDCO) - FYE 04/2015

Triumph Group, Inc. (NYSE: TGI) - FYE 03/2015

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 Tidewater at $67-$70, Modine Manufacturing at $19-$21, Orbital ATK at $17-$23, Patterson Companies at $37-$45, and Triumph Group at $44-$47.

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 08/07/2015

August 08, 2015 – Comments (0) | RELATED TICKERS: WCC , XRX , BBY

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

By comparison, the Dow was down 1.8%, the Nasdaq was down 1.7%, the S&P 500 was down 1.2, the Russell 2000 was down 2.6%, and the Volatility Index, commonly known as the VIX, was up 10.5%.

Year to date, the Wax Ink portfolio is up 8.6%, the Dow is down 2.5%, the Nasdaq is up 6.5%, the S&P 500 is up 0.9%, the Russell 2000 is up 0.2%, and the VIX is lower by 2.4%.

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 winners were refiner HollyFrontier Corporation (NYSE: HFC), up 4.0%, rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), up 3.0%, and offshore oilfield contractor McDermott International, Inc. (NYSE: MDR), up 2.0%.

Weekly Losers
This week's portfolio losers were cigarette paper maker Schweitez-Maudit International, Inc. (NYSE: SWM), down 7%, chicken grease processor Darling Ingredients (NYSE: DAR), down 4%, and maker of damn near everything General Electric, down 1%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 4% (unchanged for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 50% (down 4% for the week) since being added to the portfolio.

Fair Warning
I had intend to close my position in Kaman Corporation this week, but I was simply too busy at work to worry about it. Regardless, it is still on the chopping block.

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.

WESCO International, Inc. (NYSE: WCC) - FYE 12/2014

Xerox Corporation (NYSE: XRX) - FYE 12/2014

BestBuy Company, Inc. (NYSE: BBY) - FYE 02/2015

Airgas, Inc. (NYSE: ARG) - FYE 03/2015

Hawkins, Inc. (Nasdaq: HWKN) - FYE 03/2015


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 WESCO International at $57-$60, Xerox Corporation at $21-$27, BestBuy at $50-$56, Airgas at $68-$70, and Anixter International at $67-$75.


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 07/31/2015

August 01, 2015 – Comments (0) | RELATED TICKERS: BLMN , MUSA , AXE

The Wax Ink Portfolio was up 0.9% for the week.

By comparison, the Dow was up 0.7%, the Nasdaq was up 0.8%, the S&P 500 was up 1.2, the Russell 2000 was op 1.0%, and the Volatility Index, commonly known as the VIX, was down 11.8%.

Year to date, the Wax Ink portfolio is up 9.0%, the Dow is down 0.7%, the Nasdaq is up 8.3%, the S&P 500 is up 2.2%, the Russell 2000 is up 2.8%, and the VIX is lower by 11.7%.

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 4.0%, rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), up 3.0%, and specialty chemical maker WR Grace and Company (NYSE: GRA), up 2.0%.

Weekly Losers
This week's portfolio losers were aerospace and defense contractor Kaman Corporation (Nasdaq: KAMN), down 2%, and chicken grease processor Darling Ingredients (NYSE: DAR), down 1%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 4% (up 10% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 47% (down 2%for the week) since being added to the portfolio.

Fair Warning
I intend to close my position in Kaman Corporation, 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.

Vertex Energy, Inc. (Nasdaq: VTNR) - FYE 12/2014

Bloomin' Brands, Inc. (Nasdaq: BLMN) - FYE 12/2014

AutoNation, Inc. (NYSE: AN) - FYE 12/2014

Murphy USA, Inc. (NYSE: MUSA) - FYE 12/2014

Annixter International, Inc. (NYSE: AXE) - 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 Vertex Energy at ($2)-($5), Bloomin' Brands at $22-$26, AutoNation at $45-$51, Murphy USA at $68-$71, and Anixter International at $67-$75.



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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