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