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November 2015

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Performance - Week Ending 11/27/2015

November 28, 2015 – Comments (0) | RELATED TICKERS: SSYS , MON , ACET

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

By comparison, the Dow was down 0.1%, the Nasdaq was up 0.4%, the S&P 500 was unchanged, the Russell 2000 was up 2.3%, and the Volatility Index, commonly known as the VIX, was up 0.4%.

Year to date, the Wax Ink portfolio is down 6.2%, the Dow is down 0.1%, the Nasdaq is up 8.3%, the S&P 500 is up 1.5%, the Russell 2000 is down 0.2%, and the VIX is higher by 12.8%.

The portfolio breakdown remains 55% cash, 45% equities, and 0% bonds. The total number of shares remained the same this week.

Weekly Winners
This week's portfolio winners were building materials company Griffon Corporation (NYSE: GFF), up 6%, cigarette paper maker Schweitzer-Maudit International (NYSE: SWM), up 3%, and rubber and tire king Goodyear Tire (NYSE: GT), up 2%.

Weekly Losers
This week's portfolio losers were offshore construction contractor McDermott International (NYSE: MDR), down 2%, mega company General Electric (NYSE: GE), down 1%, and refiner Holly Frontier (NYSE: HFC), down 1%.

Portfolio Duds
The portfolio's worst performing stocks remain municipal construction company Layne Christensen down 63% since being added to the portfolio, and offshore supply boat company Tidewater, down 44% since being added to the portfolio. Building supply company Griffon Corporation was finally removed from the list and is now in positive territory, up 2% since being added to the portfolio.

Fair Warning
I have added my Baseline Valuation Estimates for each stock in the portfolio. Remember that baseline valuations are just that, estimates of the intrinsic value of a stock, and as such they will change. I update mine on an annual basis in accordance with the financial data filed with the U.S. Securities and Exchange Commission.

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.

Aceto Corporation (Nasdaq: ACET) - FYE 06/2015

Stratasys, Ltd (Nasdaq: SSYS) - FYE 12/2014

Monsanto Company (NYSE: MON) - FYE 08/2015

WD40 Company, Inc. (Nasdaq: WDFC) - FYE 08/2015

A. Schulman, Inc. (Nasdaq: SHLM) - FYE 08/2015

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

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.

Reasonable value estimates were established or revised this week for Aceto Corporation at $28-$36, Stratasys, Ltd at $16-$21, Monsanto at $55-$59, WD-40at $46-$54, and A. Schulman at $21-$24.

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

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Performance - Week Ending 11/20/2015

November 21, 2015 – Comments (0) | RELATED TICKERS: DDD , STS , WNC

The Wax Ink Portfolio was up 0.8%for the week.

By comparison, the Dow was up 3.4%, the Nasdaq was up 3.6%, the S&P 500 was up 3.3%, the Russell 2000 was up 2.5%, and the Volatility Index, commonly known as the VIX, was down 25.6%.

Year to date, the Wax Ink portfolio is down 6.5%, the Dow is unchanged, the Nasdaq is up 7.8%, the S&P 500 is up 1.5%, the Russell 2000 is down 2.5%, and the VIX is higher by 12.8%.

The portfolio breakdown is roughly 56% cash, 44% equities, and 0% bonds. The total number of shares remained the same this week.

Weekly Winners
This week's portfolio winners were rubber king Goodyear Tire and Rubber (NYSE: GT), up 7%, refiner Holly Frontier Corporation (NYSE: HFC), up 5%, and specialty chemical company WR Grace (NYSE: GRA), up 3%.

Weekly Losers
This week's portfolio losers were offshore construction contractor McDermott International (NYSE: MDR), down 24%, marine support vessel company Tidewater, Inc. (NYSE: TDW), down 16%, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 4%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation, down 4% since being added to the portfolio, municipal construction company Layne Christensen down 64% since being added to the portfolio, and offshore supply boat company Tidewater, down 44% since being added to the portfolio.

Fair Warning
I have added my Baseline Valuation Estimates for each stock in the portfolio. Remember that baseline valuations are just that, estimates of the intrinsic value of a stock, and as such they will change. I update mine on an annual basis in accordance with the financial data filed with the U.S. Securities and Exchange Commission.

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.

3D Systems Corporation (NYSE: DDD) - FYE 12/2014

Supreme Industries, Inc. (NYSE: STS) - FYE 12/2014

Wabash National Corporation (NYSE: WNC) - FYE 12/2014

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

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.

Reasonable value estimates were established or revised this week for 3D Systems at $16-$23, Supreme Industries at $18-$25, and Wabash National at $22-$29.

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

0

Performance - Week Ending 11/13/2015

November 14, 2015 – Comments (0) | RELATED TICKERS: WPX , ALJ

The Wax Ink Portfolio was down 1.2%for the week.

By comparison, the Dow was down 3.7%, the Nasdaq was down 4.3%, the S&P 500 was down 3.6%, the Russell 2000 was down 4.4%, and the Volatility Index, commonly known as the VIX, was up 45.2%.

Year to date, the Wax Ink portfolio is down 7.2%, the Dow is down 3.2%, the Nasdaq is up 4.1%, the S&P 500 is down 1.7%, the Russell 2000 is down 4.8%, and the VIX is higher by 51.6%.

The portfolio breakdown is roughly 56% cash, 44% equities, and 0% bonds. The total number of shares remained the same this week.

Weekly Winners
This week's portfolio winners were offshore contractor McDermott International (NYSE: MDR), up 6%, cigarette paper maker Schweitzer-Maudit International, Inc. (NYSE: SWM), up 1%, and really big company General Electric (NYSE: GE), up 1%.

Weekly Losers
This week's portfolio losers were municipal construction contractor Layne Christensen (Nasdaq: LAYN), down 9%, marine support vessel company Tidewater, Inc. (NYSE: TDW), down 7%, and independent oil and gas company Marathon Oil Corporation (NYSE: MRO), down 6%.

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation, down 6% since being added to the portfolio, municipal construction company Layne Christensen down 62% since being added to the portfolio, and offshore supply boat company Tidewater, down 34% since being added to the portfolio.

Fair Warning
As I continue to rework my rather large watch list, please remember that I am a value investor seeking to buy stocks, regardless of the sector, that I believe will double over a 60 month hold.

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.

WPX Energy, Inc. (NYSE: WPX) - FYE 12/2014

Alon USA Energy, Inc. (NYSE: ALJ) - FYE 12/2014

CVR Refining, LP (NYSE: CVRR) - FYE 12/2014

CVR Energy, Inc. (NYSE: CVI) - FYE 12/2014

Ensco plc (NYSE: ESV) - 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 WPX Energy at $46-$56, Alon USA Energy at $31-$38, CVR Refining at $31-$39, CVR Energy at $42-$50, and Ensco plc at $71-$74.

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

0

Performance - Week Ending 11/06/2015

November 07, 2015 – Comments (0) | RELATED TICKERS: ANW , DNR , SN

The Wax Ink Portfolio was up 0.6%for the week.

By comparison, the Dow was up 1.4%, the Nasdaq was up 1.8%, the S&P 500 was up 1.0%, the Russell 2000 was up 3.3%, and the Volatility Index, commonly known as the VIX, was down 4.9%.

Year to date, the Wax Ink portfolio is down 6.1%, the Dow is down 0.5%, the Nasdaq is up 8.7%, the S&P 500 is up 2.0%, the Russell 2000 is down 0.4%, and the VIX is higher by 4.4%.

The portfolio breakdown is roughly 56% cash, 44% equities, and 0% bonds. The total number of shares remained the same this week.

Weekly Winners
This week's portfolio winners were offshore contractor McDermott International (NYSE: MDR), up 17%, ag chemical company Agrium, Inc. (NYSE: AGU), up 4%, and independent refiner Holly Frontier Corporation (NYSE: HFC), up 3%.

Weekly Losers
This week's portfolio losers were offshore supply boat company Tidewater, Inc. (NYSE: TDW), down 8%, and specialty chemical company WR Grace and Company (NYSE: GRA).

Portfolio Duds
The portfolio's worst performing stocks remain building materials company Griffon Corporation, down 1% since being added to the portfolio, municipal construction company Layne Christensen down 58% since being added to the portfolio, and offshore supply boat company Tidewater, down 29% since being added to the portfolio.

Fair Warning
As I continue to rework my rather large watch list, please remember that I am a value investor seeking to buy stocks, regardless of the sector, that I believe will double over a 60 month hold.

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.

Aegean Marine Petroleum Network, Inc. (NYSE: ANW) - FYE 12/2014

Denbury Resources, Inc. (NYSE: DNR) - FYE 12/2014

Sanchez Energy Corporation (NYSE: SN) - 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 Aegean Marine Petroleum at $17-$22, Denbury Resources at $27-$28, and Sanchez Energy at $38-$57.

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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