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June 2013

Recs

1

Computer Task Group, Inc. - Value Alert

June 28, 2013 – Comments (0) | RELATED TICKERS: CTG

Texas (June 28, 2013) Wax Ink has issued a No Investment Interest rating for Computer Task Group, Inc. (Nasdaq: CTGX) based on a recent baseline equity review which placed fair value between $27-$32.  [more]

Recs

1

Crane Company - Value Alert

June 27, 2013 – Comments (0) | RELATED TICKERS: CR

Texas (June 27, 2013) Wax Ink has issued a Loss of Investment Interest rating for Crane Company (NYSE: CR) based on a recent baseline equity review which placed fair value between $38-$45.  [more]

Recs

1

Align Technology, Inc. - Value Alert

June 26, 2013 – Comments (0) | RELATED TICKERS: ALGN

Texas (June 26, 2013) Wax Ink has issued a No Investment Interest rating for Align Technology, Inc. (Nasdaq: ALGN) based on a recent baseline equity review which placed fair value between $31-$37.  [more]

Recs

1

Xerox Corporation - Value Alert

June 25, 2013 – Comments (0) | RELATED TICKERS: XRX

Texas (June 25, 2013) Wax Ink has issued a Exploratory Investment Interest rating for Xerox Corporation (NYSE: XRX) based on a recent baseline equity review which placed fair value between $21-$23.  [more]

Recs

1

Wolverine World Wide, Inc. - Value Alert

June 24, 2013 – Comments (0) | RELATED TICKERS: WWW

Texas (June 24, 2013) Wax Ink has issued a Loss of Investment Interest rating for Wolverine World Wide, Inc. (NYSE: WWW) based on a recent baseline equity review which placed fair value between $22-$29.  [more]

Recs

1

Sonic Automotive, Inc. - Value Alert

June 21, 2013 – Comments (0) | RELATED TICKERS: SAH

Texas (June 21, 2013) Wax Ink has issued a No Investment Interest rating for Sonic Automotive, Inc. (NYSE: SAH) based on a recent baseline equity review which placed fair value between $26-$32.  [more]

Recs

1

Basic Energy Services, Inc. - Value Alert

June 19, 2013 – Comments (0) | RELATED TICKERS: BAS

Texas (June 19, 2013) Wax Ink has issued a Positive Investment Interest rating for Basic Energy Services, Inc. (NYSE: BAS) based on a recent baseline equity review which placed fair value between $39-$42.  [more]

Recs

1

Koninklijke Philips N.V. - Value Alert

June 18, 2013 – Comments (0) | RELATED TICKERS: PHG

Texas (June 18, 2013) Wax Ink has issued a No Investment Interest rating for Koninklijke Philips N.V. (NYSE: PHG) based on a recent baseline equity review which placed fair value between $32-$38.  [more]

Recs

1

Knoll, Inc. - Value Alert

June 17, 2013 – Comments (0) | RELATED TICKERS: KNL

Texas (June 17, 2013) Wax Ink has issued a No Investment Interest rating for Knoll, Inc. (NYSE: KNL) based on a recent baseline equity review which placed fair value between $19-$23.  [more]

Recs

1

National Oilwell Varco, Inc. - Value Alert

June 16, 2013 – Comments (0) | RELATED TICKERS: NOV

Texas (June 16, 2013) Wax Ink has issued a No Investment Interest rating for National Oilwell Varco, Inc. (NYSE: NOV) based on a recent baseline equity review which placed fair value between $76-$85.  [more]

Recs

2

Hasbro, Inc. - Value Alert

June 14, 2013 – Comments (0) | RELATED TICKERS: HAS

Texas (June 14, 2013) Wax Ink has issued a No Investment Interest rating for Hasbro, Inc. (NYSE: HAS) based on a recent baseline equity review which placed fair value between $42-$48.  [more]

Recs

1

Eaton Corporation plc - Value Alert

June 13, 2013 – Comments (0) | RELATED TICKERS: ETN

Texas (June 13, 2013) Wax Ink has issued a Loss of Investment Interest rating for Eaton Corporation plc (NYSE: ETN) based on a recent baseline equity review which placed fair value between $29-$36.  [more]

Recs

2

D.R. Horton, Inc. - Value Alert

June 12, 2013 – Comments (0) | RELATED TICKERS: DHI

Texas (June 12, 2013) Wax Ink has issued a No Investment Interest rating for D.R. Horton, Inc. (NYSE: DHI) based on a recent baseline equity review which placed fair value between $29-$34.  [more]

Recs

1

ConocoPhillips - Value Alert

June 11, 2013 – Comments (0) | RELATED TICKERS: COP

Texas (June 11, 2013) Wax Ink has issued a No Investment Interest rating for ConocoPhillips (NYSE: COP) based on a recent baseline equity review which placed fair value between $58-$64.

The recent close of $62.62 is approximately 79% above the fair value buy target for the stock and approximately 13% below the fair value close target for the stock. The recent close is also 2% below analysts’ twelve-month $64.00 median price target for the stock.

The recent close represents a 46% decrease in price since the last baseline equity review was conducted in February of 2013.

The stock currently has a trailing twelve-month PE Ratio of 7, and a PEG Ratio of 1.2 basis estimated forward earnings growth of 5.5%.

In the past 52 weeks, share prices have moved between a high of $64.77 and a low of $52.29, placing equilibrium at $59.67.

Basis the recent close, the stock is trading 3% below the 52 week high, 17% above the 52 week low, 5% above equilibrium, and has an average daily trading volume of approximately 6.5 million shares.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis.

The company's competitors include BP plc, Exxon Mobil Corporation, and Royal Dutch Shell NV.

Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.

Wax Ink currently has no investment position in the company mentioned in this alert.

Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.

For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D
  [more]

Recs

1

Check Point Software Technologies Ltd - Value Alert

June 10, 2013 – Comments (0) | RELATED TICKERS: CHKP

Texas (June 10, 2013) Wax Ink has issued a No Investment Interest rating for Check Point Software Technologies Ltd (Nasdaq: CHKP) based on a recent baseline equity review which placed fair value between $46-$53.  [more]

Recs

1

Brinker International, Inc. - Value Alert

June 09, 2013 – Comments (0) | RELATED TICKERS: EAT

Texas (June 9, 2013) Wax Ink has issued a Loss of Investment Interest rating for Brinker International, Inc. (NYSE: EAT) based on a recent baseline equity review which placed fair value between $33-$40.  [more]

Recs

1

B/E Aerospace, Inc. - Value Alert

June 07, 2013 – Comments (0) | RELATED TICKERS: BEAV

Texas (June 7, 2013) Wax Ink has issued a Loss of Investment Interest rating for B/E Aerospace, Inc. (Nasdaq: BEAV) based on a recent baseline equity review which placed fair value between $42-$51.  [more]

Recs

2

Under Armour, Inc. - Value Alert

June 06, 2013 – Comments (0) | RELATED TICKERS: UA

Texas (June 6, 2013) Wax Ink has issued a Loss of Investment Interest rating for Under Armour, Inc. (NYSE: UA) based on a recent baseline equity review which placed fair value between $35-$43.  [more]

Recs

2

Performance - Week Ending 05/31/13

June 01, 2013 – Comments (0) | RELATED TICKERS: ABFS , MXWL , GRA

This week’s Performance Report is going to be short.

The markets backed up and dropped quite a bit of mud the past two days, and this run for the roses took place late in the day both days.

I have taken a good natured ribbing since the beginning of the year because my performance has not come close to the performance of any of the indices I track every week.

In my defense, I have explained that there is no way an individual equity portfolio of 25 stocks can perform the same way an index performs over the short term.

The main reason for this is there simply is not as many dollars moving into and out of my portfolio as there is an index fund.

I have noted that eventually the markets would start to correct, and I have said the trigger for that correction will be the Fed as it starts to slow its efforts to keep the economy propped up.

I had assumed that would have happened several weeks ago when the initial announcement was made, but it didn’t.

I guess the broader markets finally read the memo.

Regardless of what the Fed does I stand behind my investment strategy, which is to put in all the effort needed to find great companies, buy them when they are on sale, and hold them for a very long time.

Hi. My name is Wax, and I am an individual investor, a working class investor, just trying to do the best I can in a world that was never intended for investors like me.

Throughout the course of the week, I post a Daily Alert, which is my review of an individual equity.

The other thing I do, is let the world watch as I manage the The Wax Ink Portfolio.

Perhaps watching me make the mistakes I make will help other blue collar investors avoid the investing pitfalls that seem to find me.

Markets
The Wax Ink Portfolio closed up 1.1% for the week. By comparison the Dow was down 1.2%, the Nasdaq was down 0.9%, the S&P 500 was down 1.1%, and the Russell 2000 was unchanged.

The Volatility Index, commonly known as the VIX, was again the big winner for the week, closing at 16.30, up 16.5%. The VIX is up 7% for the year.

Year to date, the Wax Ink portfolio is up 11.4% while the Dow is up 15.3%, the Nasdaq is up 14.8%, the S&P 500 is up 14.3% and the Russell 2000 is up 15.9%.

Breakdown
The portfolio breakdown remains the same, with 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.

Research
Again this week, I paid little attention to the Research List as there just wasn’t any time.

As I have been saying, changes are coming, just as soon as I can figure out what they are.

Holdings
This week's moving on up stocks were trucking company Arkansas Best Corporation (Nasdaq: ABFS), up 8%, ultra-capacitor manufacturer Maxwell Technologies, Inc. (Nasdaq: MXWL), up 7%, and specialty chemical company W.R. Grace and Company, Inc. (NYSE: GRA), up 6%.

This week's pile in the bunch bowl stocks were iron ore company Cliffs Natural Resources, Inc. (NYSE: CLF), down 11%, engineering company SAIC, Inc. (NYSE: SAI), down 5%, and garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 2%.

Not Performing
The top non-performers remain communications equipment company Tellabs, Inc., down 62% since being added to the portfolio, iron ore company Cliffs Natural Resources, Inc., down 46% since being added to the portfolio, and garage door/telephone headset maker Griffon Corporationdown 36% since being added to the portfolio.

Wax


Wax Ink is a baseline equity research company comprised of individual investors NOT licensed or registered with ANY government agency.

Copyright © 2013 Wax Ink  [more]

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