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.
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%.
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%.
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.
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.
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 Ink is a baseline equity research company not licensed or registered with any government agency
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