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Scott Wachsler
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I manage Wax Ink.net, a baseline equity research company comprised of individual investors not licensed or registered with any government agency. I have been all cap value investor and independent equity researcher for the past 30 years, and believe that patience is the key to successful... More
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  • Performance - Week Ending 04/18/2014

    The Wax Ink Portfolio was up 3.2% for the week. By comparison, the Dow was up 2.4%, the Nasdaq was up 2.4%, the S&P 500 was up 2.7%, the Russell 2000 was up 2.4%, and the Volatility Index, commonly known as the VIX, was down 21.6%.

    Year to date, the Wax Ink portfolio is down 0.6%, the Dow is down 1.0%, the Nasdaq is down 1.9%, the S&P 500 is down 0.9%, the Russell 2000 is down 2.2%, and the VIX is lower by 2.6%.

    The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

    This week's winners were refiner HollyFrontier Corporation (NYSE: HFC), up 10%, rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), up 7%, and rubber and plastic container maker Myers Industries (NYSE: MYE), up 6%.

    This week's losers were muncipal and heavy construction contractor Layne Christensen (Nasdaq: LAYN), down 3%, and small tools maker The L.S. Starrett Company (NYSE: SCX), down 1%.

    The portfolio's worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 38% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 12% since being added to the portfolio.

    Worksheets were updated this week for:
    Myers Industries (NYSE: MYE), Dorman Products (Nasdaq: DORM), W.R. Grace and Company (NYSE: GRA), Darling International (NYSE: DAR), Worthington Industries (NYSE: WOR), Agrium, Inc. (NYSE: AGU), Schweitzer-Mauduit International (NYSE: SWM), Griffon Corporation (NYSE: GFF), Arkansas Best Corporation (Nasdaq: ABFS), Kaman Corporation (Nasdaq: KAMN), HollyFrontier Corporation (NYSE: HFC), The L.S. Starrett Company (NYSE: SCX).

    Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

    Wax

    Wax Ink is a baseline equity research company not licensed or registered with any government agency
    Copyright © 2014 Wax Ink

    Disclosure: I am long HFC, GT, MYE, LAYN, DORM, GRA, DAR, WOR, AGU, SWM, GFF, ABFS, KAMN, HFC, SCX.

    Tags: HFC, GT, MYE, LAYN, DORM, GRA, DAR, WOR, AGU, SWM, GFF, ABFS, KAMN, SCX
    Apr 19 8:52 AM | Link | Comment!
  • Performance - Week Ending 04/11/2014

    The Wax Ink Portfolio was down 3.1% for the week. By comparison, the Dow was down 2.4%, the Nasdaq was down 3.1%, the S&P 500 was down 2.6%, the Russell 2000 was down 3.6%, and the Volatility Index, commonly known as the VIX, was up 22.0%.

    Year to date, the Wax Ink portfolio is down 2.5%, the Dow is down 3.3%, the Nasdaq is down 4.2%, the S&P 500 is down 1.8%, the Russell 2000 is down 4.5%, and the VIX is higher by 24.1%.

    The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

    This week's winners were rubber and plastics container maker Myers Indudstries (NYSE: MYE), up 10%, rail, piling, and tubular products maker LB Foster (Nasdaq: FSTR), up 2%, and municipal and heavy construction contractor Layne Christensen (Nasdaq: LAYN), up 0.3%.

    This week's losers were steel cylinder maker Worthingtion Industries (NYSE: WOR), down 8%, drug maker Cubist Corporation (Nasdaq: CBST), down 8%, and cigarette paper king Schweitzer-Maudit International (NYSE: SWM), down 5%.

    The portfolio's worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 38% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 9% since being added to the portfolio.

    Worksheets were updated this week for:
    Avon Products (NYSE: AVP), Ecolab, Inc. (NYSE: ECL), Spartan Motors (Nasdaq: SPAR), Supreme Industries (NYSE: STS), Wabash National Corporation (NYSE: WNC), and BorgWarner, Inc. (NYSE: BWA).

    Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

    Wax

    Wax Ink is a baseline equity research company not licensed or registered with any government agency
    Copyright © 2014 Wax Ink

    Disclosure: I am long MYE, FSTR, LAYN, WOR, CBST, SWM, GFF.

    Tags: MYE, FSTR, LAYN, WOR, CBST, SWM, GFF, AVP, ECL, SPAR, STS, WNC, BWA
    Apr 12 10:00 AM | Link | Comment!
  • Performance - Week Ending 04/04/2014

    The Wax Ink Portfolio was up 0.8% for the week. By comparison, the Dow was up 0.5%, the Nasdaq was down 0.7%, the S&P 500 was up 0.4%, the Russell 2000 was up 0.1%, and the Volatility Index, commonly known as the VIX, was down 3.1%.

    Year to date, the Wax Ink portfolio is up 0.6%, the Dow is down 1.0%, the Nasdaq is down 1.2%, the S&P 500 is up 0.9%, the Russell 2000 is down 0.9%, and the VIX is higher by 1.7%.

    The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

    This week's winners were grease and chicken parts collection company Darling International (NYSE: DAR), up 7%, rubber and plastics container maker Myers Industries (NYSE: MYE), up 6%, and trucking company Arkansas Best Corporation (Nasdaq: ABFS), up 5%.

    This week's losers were agricultural chemicals company Agrium (NYSE: AGU), down 2%, drug maker Cubist Corporation (Nasdaq: CBST), down 2%, and rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), down 1%.

    The portfolio's worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 35% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 10% since being added to the portfolio.

    Worksheets were updated this week for: Carters, Inc. (NYSE: CRI), Superior Uniform Group, Inc. (NYSE: SGC), Deckers Outdoor Corporation (Nasdaq: DECK), and Tredgear Corporation (Nasdaq: TG).

    Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

    Wax

    Wax Ink is a baseline equity research company not licensed or registered with any government agency
    Copyright © 2014 Wax Ink

    Disclosure: I am long DAR, MYE, ABFS, AGU, CBST, GT, GFF, LAYN.

    Tags: DAR, MYE, ABFS, AGU, CBST, GT, GFF, LAYN, CRI, SGC, DECK, TG
    Apr 05 9:35 AM | Link | Comment!
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