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November 2013

Recs

1

Lighting the Way With Rubicon Technology

November 29, 2013 – Comments (0) | RELATED TICKERS: RBCN

Texas (November 29, 2013) Wax Ink has issued a Positive Investment Interest opinion for Rubicon Technology, Inc. (Nasdaq: RBCN) based on a recent baseline equity review that placed fair value between $19-$22.

Positive (buy) investment interest means that the current key performance indicators (KPIs) favor investment consideration at this time.

The recent close of $10.01 is approximately 13% below the fair value buy target for the stock and approximately 58% below the fair value close target for the stock. The recent close is also 5% above analysts’ twelve-month $9.50 median price target for the stock.

The recent close represents a 56% increase in the one-year price of the stock, while year-over-year sales decreased 50%, year-over-year earnings decreased 87%, year-over-year debt remained at $0.0, and year-over-year free cash flow decreased 23%.

The stock currently has a trailing twelve-month PE Ratio of 38, and a PEG Ratio of 2.5 basis estimated forward earnings growth of 15%.

In the past 52 weeks, share prices have moved between a high of $13.78 and a low of $4.83, placing equilibrium at $9.44.

With the recent close, the stock is trading 38% below the 52 week high, 52% above the 52 week low, and 6% above equilibrium.

The three-month average daily trading volume for this stock is approximately 507,000 shares and the average daily volume is approximately 739,000 shares. There are approximately 7.7 million short interest shares which places the days to cover at 10.

Rubicon Technology, Inc. is an electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics and other optical applications.

The company's listed competitors include Cree, Inc., Nichia Corporation,and Soitec S.A..

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

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

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

Copyright © 2013 Wax Ink

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

Recs

4

Performance - Week Ending 11/22/13

November 23, 2013 – Comments (0) | RELATED TICKERS: NNBR , SEB , RNET

The stock market continues to climb, moving ever higher and higher. What I have found so fascinating about all of this, is that Hot Rod Harry, a cat that doesn’t leave a trade on for longer than the time it takes to pick your nose, left a trade on yesterday for more than an hour!  [more]

Recs

3

NN, Inc. - Value Alert

November 22, 2013 – Comments (0) | RELATED TICKERS: NNBR

Texas (November 22, 2013) Wax Ink has issued a Positive Investment Interest opinion for NN, Inc. (Nasdaq: NNBR) based on a recent baseline equity review that placed fair value between $35-$40.  [more]

Recs

3

Performance - Week Ending 11/15/2013

November 17, 2013 – Comments (2) | RELATED TICKERS: AIR , WOR , DAR

Mr. Bernanke’s tenure as Chairman of the Federal Reserve is quickly drawing to a close. On Thursday his replacement nominee, Ms. Janet Yellen, appeared before the Senate Banking Committee to answer questions and just allay any fears that she would make changes at the Fed that could impact the fragile American economic recovery.  [more]

Recs

3

Great Lakes Dredge and Dock - Value Alert

November 15, 2013 – Comments (0) | RELATED TICKERS: GLDD

Texas (November 15, 2013) Wax Ink has issued a No Investment Interest opinion for Great Lakes Dredge and Dock Corporation (Nasdaq: GLDD) based on a recent baseline equity review that placed fair value between $14-$16.  [more]

Recs

2

Performance - Week Ending 11/08/2013

November 10, 2013 – Comments (0) | RELATED TICKERS: UIS , ULTI , CLUB

It is truly amazing to me what passes for investing reality these days. For example, I saw an article titled The Three Worst Stocks You Could Own Last Week. I mean really? Last week? No wonder people loose money in the stock market, they pay attention to dribble like this.

What really made my head spin though was on the same site as the previous mentioned article was an article titled The Only Dow Jones Stocks That Growth Investors Need and in the article were some of the stocks the previous article said were a piece.

Must be a Republican website.

The simple fact is, none of what is in those articles matters. To be honest, what you are reading here doesn’t matter. What does matter is that you as an individual investor are comfortable with what you own and what you paid for to own it.

There is no magic formula for success. There are several components that will improve the probabilities for success such as research and patience, but they are no guarantees. What works for the masses on Monday may not work for the same masses on Tuesday. The vigorish of the markets is never in the investors' favor.

But if you are willing to take the time to develop a discipline that works for you, one that you are intimately comfortable with, and one that you will not deviate from, then over the course of a lifetime of investing you should never have the desire to become a lying piece of crap called a politician.

Hi. My name is Wax, and I am an individual, 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 Value Alert, which is my review of an individual equity. It is intended to help the reader decide if that particular equity is worth their time to research.

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 working class investors avoid the investing pitfalls that seem to find me.

Enjoy your weekend

Wax


Markets
The Wax Ink Portfolio was down 1.2% for the week. By comparison, the Dow was up 0.9%, the Nasdaq was down 0.1%, the S&P 500 was up 0.5%, the Russell 2000 was up 0.4%, and the Volatility Index, commonly known as the VIX, was down 2.9%.

Year to date, the Wax Ink portfolio is up 28.8%, the Dow is up 20.3%, the Nasdaq is up 29.8%, the S&P 500 is up 24.1%, the Russell 2000 is up 29.5%, and the VIX is down 15.4%.


Breakdown
The Wax Ink Portfolio breakdown remains unchanged with roughly 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.


Research
Town Sports International Holdings (Nasdaq: CLUB) – No Investment Interest based on a recent price of $12.92 and a fair value estimate of $15-$20.

The Ultimate Software Group (Nasdaq: ULTI) – Negative Investment Interest based on a recent price of $152.04 and fair value estimate of $26-$38.

Unisys Corporation (NYSE: UIS) – No Investment Interest based on a recent price of $25.86.XX and fair value estimate of $24-$30.

USANA Health Sciences (Nasdaq: UNSA) – Negative Investment Interest based on a recent price of $71.16 and fair value estimate of $56-$65.

Vascular Solutions (NYSE: QEP) – No Investment Interest based on a recent price of $19.41 and fair value estimate of $23-$27.

Vocus, Inc. (Nasdaq: VOCS) – Negative Investment Interest based on a recent price of $8.28 and fair value estimate of less than $1.

Key Energy Services (NYSE: KEG) – Positive Investment Interest based on a recent price of $7.70 and fair value estimate of less than $24-$27.


Holdings
This week's moving on up stocks were container maker Myers Industries (NYSE: MYE), up 5%, agricultural chemical company Agrium (NYSE: AGU), up 5%, and airplane repair company AAR Corporation (NYSE: AIR) was up 4%.

This week's floaters in the bunch bowl were industrial construction company Layn Christensen (Nasdaq: LAYN), down 18%, cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 15%, and technical services contractor URS Corporation (NYSE: URS), down 5%.


Not Performing
The top portfolio choke and puke stocks are, soon to be taken private communications equipment company Tellabs, down 55% since being added to the portfolio, industrial construction company Layne Christensen, down 38% since being added to the portfolio, and garage door and telephone headset maker Griffon Corporation, down 29% since being added to the portfolio.


Copyright © 2013 Wax Ink

Wax Ink is a baseline equity research company not licensed or registered with any government agencyIt is truly amazing to me what passes for investing reality these days. For example, I saw an article titled The Three Worst Stocks You Could Own Last Week. I mean really? Last week? No wonder people loose money in the stock market, they pay attention to dribble like this.

What really made my head spin though was on the same site as the previous mentioned article was an article titled The Only Dow Jones Stocks That Growth Investors Need and in the article were some of the stocks the previous article said were a piece.

Must be a Republican website.

The simple fact is, none of what is in those articles matters. To be honest, what you are reading here doesn’t matter. What does matter is that you as an individual investor are comfortable with what you own and what you paid for to own it.

There is no magic formula for success. There are several components that will improve the probabilities for success such as research and patience, but they are no guarantees. What works for the masses on Monday may not work for the same masses on Tuesday. The vigorish of the markets is never in the investors' favor.

But if you are willing to take the time to develop a discipline that works for you, one that you are intimately comfortable with, and one that you will not deviate from, then over the course of a lifetime of investing you should never have the desire to become a lying piece of crap called a politician.

Hi. My name is Wax, and I am an individual, 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 Value Alert, which is my review of an individual equity. It is intended to help the reader decide if that particular equity is worth their time to research.

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 working class investors avoid the investing pitfalls that seem to find me.

Enjoy your weekend

Wax


Markets
The Wax Ink Portfolio was down 1.2% for the week. By comparison, the Dow was up 0.9%, the Nasdaq was down 0.1%, the S&P 500 was up 0.5%, the Russell 2000 was up 0.4%, and the Volatility Index, commonly known as the VIX, was down 2.9%.

Year to date, the Wax Ink portfolio is up 28.8%, the Dow is up 20.3%, the Nasdaq is up 29.8%, the S&P 500 is up 24.1%, the Russell 2000 is up 29.5%, and the VIX is down 15.4%.


Breakdown
The Wax Ink Portfolio breakdown remains unchanged with roughly 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.


Research
Town Sports International Holdings (Nasdaq: CLUB) – No Investment Interest based on a recent price of $12.92 and a fair value estimate of $15-$20.

The Ultimate Software Group (Nasdaq: ULTI) – Negative Investment Interest based on a recent price of $152.04 and fair value estimate of $26-$38.

Unisys Corporation (NYSE: UIS) – No Investment Interest based on a recent price of $25.86.XX and fair value estimate of $24-$30.

USANA Health Sciences (Nasdaq: UNSA) – Negative Investment Interest based on a recent price of $71.16 and fair value estimate of $56-$65.

Vascular Solutions (NYSE: QEP) – No Investment Interest based on a recent price of $19.41 and fair value estimate of $23-$27.

Vocus, Inc. (Nasdaq: VOCS) – Negative Investment Interest based on a recent price of $8.28 and fair value estimate of less than $1.

Key Energy Services (NYSE: KEG) – Positive Investment Interest based on a recent price of $7.70 and fair value estimate of less than $24-$27.


Holdings
This week's moving on up stocks were container maker Myers Industries (NYSE: MYE), up 5%, agricultural chemical company Agrium (NYSE: AGU), up 5%, and airplane repair company AAR Corporation (NYSE: AIR) was up 4%.

This week's floaters in the bunch bowl were industrial construction company Layn Christensen (Nasdaq: LAYN), down 18%, cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 15%, and technical services contractor URS Corporation (NYSE: URS), down 5%.


Not Performing
The top portfolio choke and puke stocks are, soon to be taken private communications equipment company Tellabs, down 55% since being added to the portfolio, industrial construction company Layne Christensen, down 38% since being added to the portfolio, and garage door and telephone headset maker Griffon Corporation, down 29% since being added to the portfolio.


Copyright © 2013 Wax Ink

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

Recs

1

Key Energy Services - Value Alert

November 08, 2013 – Comments (0) | RELATED TICKERS: KEG

Texas (November 8, 2013) Wax Ink has issued a Positive Investment Interest opinion for Key Energy Services (NYSE: KEG) based on a recent baseline equity review that placed fair value between $24-$27.  [more]

Recs

2

Performance - Week Ending 11/01/2013

November 02, 2013 – Comments (0) | RELATED TICKERS: CLF , IFC.DL2 , HFC

That Barrack Obama is President of the United States of America is a tragedy. That Barrack Obama is an outright liar means he is a politician. That the majority of the American electorate voted for Mr. Obama speaks volumes about the gullibility of Americans generally.

Ted Cruz lost his political rear-end during the budget show down. Yet because he is equally as profane as Mr. Obama, playing on the gullibility of the beyond ignorant American voter, a recent poll of the GOP electorate revealed that Republicans think is the leader of the GOP.

Incredible. No wonder Harry Reid believes Americans want to pay more taxes.

Believe it or not the point here is not political, it is intellectual. Americans simply refuse to think for themselves. They are eager to believe anything they read on the internet, never considering for one minute that what they are reading is a fabrication of the truth, simply intended to separate them from their vote.

For some reason, Americans refuse to believe that our elected officials would actually tell a lie. Not once do we as a society ever stop to consider that if politicians don’t lie to the voters, how do they ever get elected in the first place?

Hi. My name is Wax, and I am an individual, 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 Value Alert, which is my review of an individual equity. It is intended to help the reader decide if that particular equity is worth their time to research.

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 working class investors avoid the investing pitfalls that seem to find me.

Enjoy your weekend

Wax

The Wax Ink Portfolio was down 0.7% for the week. By comparison, the Dow was up 0.3%, the Nasdaq was down 0.5%, the S&P 500 was up 0.1%, the Russell 2000 was down 2.0%, and the Volatility Index, commonly known as the VIX, was up 1.5%.

Year to date, the Wax Ink portfolio is up 30.4%, the Dow is up 19.2%, the Nasdaq is up 29.9%, the S&P 500 is up 23.5%, the Russell 2000 is up 29.0%, and the VIX is down 12.9%.

Breakdown
The Wax Ink Portfolio breakdown remains unchanged with roughly 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.

Research
I was in NYC the entire week so there was no research completed.

Holdings
This week's moving on up stocks were iron ore company Cliffs Natural Resources (NYSE: CLF), up 9%, semiconductor maker International Rectifier (NYSE: IRF), up 8%, and oil refiner HollyFrontier Corporation (NYSE: HFC) was up 6%.

This week's floaters in the bunch bowl were ultra-capacitor king Maxwell Technologies (Nasdaq: MXWL), down 6%, tire tycoon Goodyear Tire and Rubber (NYSE: GT), down 6%, and container maker Meyers Industries (NYSE: MYE), down 5%.

The top portfolio choke and puke stocks remain soon to be taken private communications equipment company Tellabs, down 55% since being added to the portfolio, iron ore company Cliffs Natural Resources, down 19% since being added to the portfolio, and garage door and telephone headset maker Griffon Corporation, down 31% since being added to the portfolio.

Copyright © 2013 Wax Ink

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

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