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August 2014

Recs

1

Performance - Week Ending 08/29/2014

August 30, 2014 – Comments (0) | RELATED TICKERS: GEF , AN , UNF

The Wax Ink Portfolio was up 0.7% for the week. By comparison, the Dow was up 0.6%, the Nasdaq was up 0.9%, the S&P 500 was up 0.8%, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was up 4.4%.

Year to date, the Wax Ink portfolio is down 0.4%, the Dow is up 3.1%, the Nasdaq is up 9.7%, the S&P 500 is up 8.4%, the Russell 2000 is up 0.9%, and the VIX is lower by 12.7%.

The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. The total number of shares held decreased this week by 4000 with the sale of URS Corporation (NYSE: URS) and International Rectifier Corporation(NYSE: IRF).

This week's winners were small tool maker The LS Starrett Company(NYSE: SCX), up 6%, drug maker Cubist Corporation (Nasdaq: CBST), up 4%, and round rubber king Goodyear Tire and Rubber Company (NYSE: GT), up 4%.

This week's punch bowl floaters were stupidly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 3%, refiner HollyFrontier Corporation (NYSE: HFC), down 2%, and chicken parts processor Darling International(NYSE: DAR), down 1%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 28% since being added to the portfolio.

Worksheets were updated this week for:
Greif, Inc. (NYSE: GEF), AutoNation, Inc. (NYSE: AN), Unifirst Corporation (NYSE: UNF), MasTec, Inc. (NYSE: MTZ), Bemis Company (NYSE: BMS), and Rowan Companies plc (NYSE: RDC).

Rounding out the week, a Value Alert was issued for Autonation, Inc. (NYSE: AN).

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  [more]

Recs

1

AutoNation, Inc. Value Alert

August 25, 2014 – Comments (0) | RELATED TICKERS: AN

Texas (August 25, 2014) Wax Ink has issued a Negative Investment Interest opinion for AutoNation, Inc. (NYE: AN), based on a recent intrinsic value review that placed fair value for the company between $39-$47.

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 $53.92 is approximately 129% above a fair value buy target for the stock and approximately 11% above a fair value close target for the stock. The recent close is also 8% below analysts’ twelve-month $50.00 median price target for the stock.

The recent close represents a 16% increase in the one-year price of the stock, while year-over-year sales increased 12%, year-over-year earnings increased 15%, year-over-year debt decreased 8%, and year-over-year free cash flow increased 7%.

The company paid a dividend of $0.00, a year-over-year increase of 0%.

The stock currently has a trailing twelve-month PE Ratio of 14, and a PEG Ratio of 0.8 basis estimated forward earnings growth of 18%.

In the past 52 weeks, share prices have moved between a high of $61.29 and a low of $44.92, placing current equilibrium at $54.92. With the recent close, the stock is trading 14% below the 52 week high, 17% above the 52 week low, and 2% below current equilibrium.

The three-month average daily trading volume for this stock is approximately 0.947 million shares and the recent average daily trading volume is approximately 1.608 million shares. There are approximately 4.13 million short interest shares which places the most recent days to cover at 3.48.

AutoNation, Inc. through its subsidiaries, operates as an automotive retailer in the United States.

The company's listed competitors include Group 1 Automotive, Inc., Penske Automotive Group, Inc., and Sonic Automotive, Inc..

Financial information contained in this alert, was taken from the company's most recent annual SEC filing for year ending December 31, 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]

Recs

1

Performance - Week Ending 08/22/2014

August 23, 2014 – Comments (0) | RELATED TICKERS: SNA , VMI , SBH

The Wax Ink Portfolio was up 3.9% for the week. By comparison, the Dow was up 2.0%, the Nasdaq was up 1.6%, the S&P 500 was up 1.7%, the Russell 2000 was up 1.6%, and the Volatility Index, commonly known as the VIX, was down 12.8%.

Year to date, the Wax Ink portfolio is up 1.3%, the Dow is up 2.6%, the Nasdaq is up 8.7%, the S&P 500 is up 7.6%, the Russell 2000 is down 0.3%, and the VIX is lower by 16.4%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. The total number of shares held increased this week with addition of 2000 shares of Layne Christensen.

This week's winners were semiconductor maker International Rectifier Corporation(NYSE: IRF), up 52%, stupidly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), up 7%, and small tool maker LS Starrett Company (NYSE: SCX), up 7%.

This week's punch bowl floaters were cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 2.0%, chicken parts recycler Darling International (NYSE: DAR), down 0.1%, and steel cylinder maker Worthington Industries(NYSE: WOR), down 0.1%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 28% since being added to the portfolio.

Worksheets were updated this week for:
Snap-On, Inc. (NYSE: SNA), Valmont Industries, Inc. (NYSE: VMI), Actuant Corporation (NYSE: ATU), Sally Beauty Holdings, Inc. (NYSE: SBH), and Olin Corporation (NYSE: OLN).

There were no Value Alerts issued this week.

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]

Recs

1

Performance - Week Ending 08/15/2014

August 16, 2014 – Comments (0) | RELATED TICKERS: CBST , IRF , FSTR

Performance - Week Ending 08/15/2014
The Wax Ink Portfolio was up 2.0% for the week. By comparison, the Dow was up 0.7%, the Nasdaq was up 2.2%, the S&P 500 was up 1.2%, the Russell 2000 was up 0.9%, and the Volatility Index, commonly known as the VIX, was down 16.6%.

Year to date, the Wax Ink portfolio is down 2.4%, the Dow is up 0.5%, the Nasdaq is up 6.9%, the S&P 500 is up 5.8%, the Russell 2000 is down 1.9%, and the VIX is lower by 4.2%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held. Consideration is currently being given to adding shares to the portfolio for selected issues.

This week's winners were drug maker Cubist Pharmaceuticals(Nasdaq: CBST), up 4%, semiconductor maker International Rectifier Corporation (NYSE: IRF), up 4%, and infrastructure supply company LB Foster Company (Nasdaq: FSTR), up 3%.

This week's punch bowl floaters were container maker Myers Industries (NYSE: MYE), down 0.1%, helicopter king Kaman Corporation (Nasdaq: KAMN), down 0.1%, and maker of all things company General Electric(NYSE: GE), down 0.1%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 35% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio.

Worksheets were updated this week for:
Applied Industrial Technologies (NYSE: AIT), Deluxe Corporation (NYSE: DLX), Mentor Graphics Corporation (Nasdaq: MENT), and AGCO Corporation (Nasdaq: AGCO).

Rounding out the week, Value Alerts were issued for Mentor Graphics Corporation.

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]

Recs

1

Deluxe Corporation Value Alert

August 12, 2014 – Comments (0) | RELATED TICKERS: DLX

Texas (August 11, 2014) Wax Ink has issued a Negative Investment Interest opinion for Deluxe Corporation (NYE: DLX), based on a recent intrinsic value review that placed fair value for the company between $31-$39.

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 $56.76 is approximately 201% above a fair value buy target for the stock and approximately 46% above a fair value close target for the stock. The recent close is also 3% below analysts’ twelve-month $58.50 median price target for the stock.

The recent close represents a 34% increase in the one-year price of the stock, while year-over-year sales increased 5%, year-over-year earnings increased 10%, year-over-year debt decreased 1%, and year-over-year free cash flow increased 4%.

The company paid a dividend of $1.01, a year-over-year increase of 0%.

The stock currently has a trailing twelve-month PE Ratio of 14, and a PEG Ratio of 2.0 basis estimated forward earnings growth of 7%.

In the past 52 weeks, share prices have moved between a high of $60.52 and a low of $38.12, placing current equilibrium at $54.54. With the recent close, the stock is trading 6% below the 52 week high, 33% above the 52 week low, and 4% above current equilibrium.

The three-month average daily trading volume for this stock is approximately 0.258 million shares and the recent average daily trading volume is approximately 0.277 million shares. There are approximately 3.69 million short interest shares which places the days to cover at 17.5.

Deluxe Corporation provides customized checks and forms, Web-site development and hosting, search engine marketing and optimization, and logo design services to small businesses and financial institutions.

The company's listed competitors include Harland Clarke Corporation, MDC Partners, Inc., and R.R. Donnelley and Sons Company.

Financial information contained in this alert, was taken from the company's most recent annual SEC filing for year ending December 31, 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]

Recs

1

Performance - Week Ending 08/08/2014

August 09, 2014 – Comments (0) | RELATED TICKERS: FSTR , HFC , SCX

Performance - Week Ending 08/08/2014
The Wax Ink Portfolio was up 1.9% for the week. By comparison, the Dow was up 0.4%, the Nasdaq was up 0.4%, the S&P 500 was up 0.3%, the Russell 2000 was up 1.5%, and the Volatility Index, commonly known as the VIX, was down 7.4%.

Year to date, the Wax Ink portfolio is down 4.4%, the Dow is down 0.1%, the Nasdaq is up 4.7%, the S&P 500 is up 4.5%, the Russell 2000 is down 2.8%, and the VIX is higher by 14.9%.

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 infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 9%, refiner HollyFrontier Corporation (NYSE: HFC), up 4%, and small tool maker LS Starrett Company (AMEX: SCX), up 4%.

This week's punch bowl floaters were newly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 1%, agricultural chemicals maker Agrium, Inc. (NYSE: AGU), down 0.1%, and drug maker Cubist Pharmaceuticals(Nasdaq: CBST), down 0.5%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 37% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 47% since being added to the portfolio.

Worksheets were updated this week for:
Energizer Holdings, Inc. (NYSE: ENR), Plantronics, Inc. (NYSE: PLT), Elbit Systems Ltd. (Nasdaq: ESLT), and Owens Corning (NYSE: OC).

Rounding out the week, Value Alerts were issued for Plantronics, 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]

Recs

1

Plantronics, Inc. Value Alert

August 06, 2014 – Comments (0) | RELATED TICKERS: PLT

Texas (August 6, 2014) Wax Ink has issued a No Investment Interest opinion for Plantronics, Inc. (NYE: PLT), based on a recent intrinsic value review that placed fair value for the company between $45-$52.

A No Investment Interest opinion (hold) 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 $46.48 is approximately 71% above a fair value buy target for the stock and approximately 17% below a fair value close target for the stock. The recent close is also 15% below analysts’ twelve-month $55.00 median price target for the stock.

The recent close represents a 2% decrease in the one-year price of the stock, while year-over-year sales increased 7%, year-over-year earnings decreased 9%, year-over-year debt increased 0%, and year-over-year free cash flow decreased 24%.

The company paid a dividend of $0.41, a year-over-year increase of 5%.

The stock currently has a trailing twelve-month PE Ratio of 18, and a PEG Ratio of 1.8 basis estimated forward earnings growth of 10%.

In the past 52 weeks, share prices have moved between a high of $49.87 and a low of $41.14, placing current equilibrium at $45.94. With the recent close, the stock is trading 7% below the 52 week high, 12% above the 52 week low, and 1% above current equilibrium.

The three-month average daily trading volume for this stock is approximately 0.207 million shares and the recent average daily trading volume is approximately 0.59 million shares. There are approximately 1.1 million short interest shares which places the days to cover at 5.7.

Plantronics, Inc. designs, manufactures, and markets, lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets.

The company's listed competitors include GN Netcom A/S, Logitech International SA, and Motorola Solutions, Inc..

Financial information contained in this alert, was taken from 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]

Recs

1

Performance - Week Ending 08/01/2014

August 02, 2014 – Comments (0) | RELATED TICKERS: HFC , ARCB , GT

Performance - Week Ending 08/01/2014
The Wax Ink Portfolio was down 4.0% for the week. By comparison, the Dow was down 2.8%, the Nasdaq was down 2.2%, the S&P 500 was down 2.7%, the Russell 2000 was down 2.6%, and the Volatility Index, commonly known as the VIX, was up 34.2%.

Year to date, the Wax Ink portfolio is down 6.2%, the Dow is down 0.5%, the Nasdaq is up 4.2%, the S&P 500 is up 4.2%, the Russell 2000 is down 4.2%, and the VIX is higher by 24.1%.

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 container maker Myers Industries (NYSE: MYE), up 1%, and refiner HollyFrontier Corporation (NYSE: HFC), up 0.09%.

This week's punch bowl floaters were newly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 20%, tire king Goodyear Tire and Rubber Company (NYSE: GT), down 13%, and small tools maker LS Starrett(AMEX: SCX), down 8%.

The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 42% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio.

Worksheets were updated this week for:
Finisar Corporation (Nasdaq: FNSR), Patterson Companies, Inc. (Nasdaq: PDCO), CVR Energy, Inc. (NYSE: CVI), Ashaland, Inc. (NYSE: NCR).

Rounding out the week, Value Alerts were issued this week for Cabot Corporation, and NCR Corporation.

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]

Recs

1

Ashland, Inc. Value Alert

August 01, 2014 – Comments (0) | RELATED TICKERS: ASH

Texas (August 1, 2014) Wax Ink has issued a Negative Investment Interest opinion for Ashland, Inc. (NYE: ASH), based on a recent intrinsic value review that placed fair value for the company between $47-$58.

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 $104.65 is approximately 269% above a fair value buy target for the stock and approximately 79% above a fair value close target for the stock. The recent close is also 13% below analysts’ twelve-month $120.00 median price target for the stock.

The recent close represents a 21% increase in the one-year price of the stock, while year-over-year sales decreased 5%, year-over-year earnings increased 20%, year-over-year debt decreased 6%, and year-over-year free cash flow increased 14%.

The company paid a dividend of $1.14, a year-over-year increase of 44%.

The stock currently has a trailing twelve-month PE Ratio of 13, and a PEG Ratio of 0.9 basis estimated forward earnings growth of 14%.

In the past 52 weeks, share prices have moved between a high of $110.02 and a low of $84.43, placing current equilibrium at $102.23. With the recent close, the stock is trading 6% below the 52 week high, 19% above the 52 week low, and 2% above current equilibrium.

The three-month average daily trading volume for this stock is approximately 0.597 million shares and the recent average daily trading volume is approximately 1.002 million shares. There are approximately 0.724 million short interest shares which places the days to cover at 1.36.

Ashland, Inc. is a specialty chemicals company.

The company's listed competitors include Arkema, Brenntag AG, and Momentive Specialty Chemicals, Inc..

Financial information contained in this alert, was taken from 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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