The Wax Ink Portfolio was up 0.3% for the week.
By comparison, the Dow was down 0.4%, the Nasdaq was down 0.7%, the S&P 500 was down 0.4%, the Russell 2000 was down 0.4%, and the Volatility Index, commonly known as the VIX, was up 0.4%.
Year to date, the Wax Ink portfolio is down 0.4%, the Dow is up 0.7%, the Nasdaq is up 7.3%, the S&P 500 is up 2.1%, the Russell 2000 is up 6.2%, and the VIX is higher by 2.2%.
The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds.
This week's portfolio winners were steel cylinder maker Worthington Industries (NYSE: WOR), up 11%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 3%, and cigarette paper maker Schweitzer-Maudit International, Inc. (NYSE: SWM), up 3%.
This week's portfolio losers were trucking company ArcBest Corporation (Nasdaq: ARCB), down 5%, chicken grease processor Darling Ingredients, Inc. (NYSE: DAR), down 4%, and offshore construction contractor McDermott International, Inc. (NYSE: MDR), down 4%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 9% (unchanged for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 45% (up 9% for the week) since being added to the portfolio.
Please note I will close my position in trucking company ArcBest Corporation on Monday 06/29/2015, selling at the open.
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.
Friedman Industries, Inc. (AMEX: FRD) - FYE 03/2015
FMC Corporation (NYSE: FMC) - FYE 12/2014
World Fuel Services Corporation (NYSE: INT) - FYE 12/2014
ConocoPhillips (NYSE: COP) - FYE 10/2014
Adams Resources and Energy, Inc. (NYSE: AE) - FYE 12/2014
Molson Coors Brewing Company (NYSE: TAP) - FYE 12/2014
Sally Beauty Holdings, Inc. (NYSE: SBH) - FYE 09/2014
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 Friedman Industries at $11-$16, FMC Corporation at $38-$44, World Fuel Services at $47-$55, ConocoPhillips at $79-$81, Adams Resources and Energy at $70-$79, Molson Coors Brewing at $35-$36, Sally Beauty Holdings at $25-$26.
Have a great week.
Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink [more]