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Scott Wachsler's  Instablog

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 06/26/2015

    Performance - Week Ending 06/26/2015
    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.

    Weekly Winners
    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%.

    Weekly Losers
    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%.

    Portfolio Duds
    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.

    Notice
    Please note I will close my position in trucking company ArcBest Corporation on Monday 06/29/2015, selling at the open.

    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.

    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

    Wax Ink is a baseline equity research company not licensed or registered with any government agency
    Copyright © 2015 Wax Ink

    Jun 27 9:58 AM | Link | Comment!
  • Performance - Week Ending 06/12/2015

    Performance - Week Ending 06/05/2015
    The Wax Ink Portfolio was up 1.4% for the week.

    By comparison, the Dow was up 0.3%, the Nasdaq was down 0.3%, the S&P 500 was up 0.1%, the Russell 2000 was up 0.3%, and the Volatility Index, commonly known as the VIX, was down 0.4%.

    Year to date, the Wax Ink portfolio is down 0.8%, the Dow is up 0.4%, the Nasdaq is up 6.7%, the S&P 500 is up 1.7%, the Russell 2000 is up 5.0%, and the VIX is higher by 0.4%.

    The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There total number of shares held decreased by 500 with the sale of LS Starrett Company.

    Weekly Winners
    This week's portfolio winners were specialty chemicals maker WR Grace and Company (NYSE: GRA), up 2%, chicken parts processor Darling International (NYSE: DAR), up 1%, and tire king Goodyear Tire and Rubber (NYSE: GT), up 1%.

    Weekly Losers
    This week's portfolio losers were infrastructure supply company LB Foster Company (NADAQ: FSTR), down 5%, trucking company ArcBest Corporation (NASDAQ: ARCB), down 4%, and cylinder maker Worthington Industries (NYSE: WOR), down 2%.

    Portfolio Duds
    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 9% (down 1% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (NASDAQ: LAYN), down 38% (up 27% for the week) since being added to the portfolio.

    Notice
    As noted last week, I closed my position in the The LS Starrett Company selling at $16.52 for a 59% gain. There are other holdings, LB Foster, ArcBest Corporation, Kaman Corporation and Worthington Industriesthat have passed my minimum 1825 day hold requirement and as such it may be time to sell since they are not performing as intended.

    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.

    Deere and Company (NYSE: DE) - FYE 10/2014

    Best Buy Company, Inc. (NYSE: BBY) - FYE 02/2014

    Superior Energy Services, Inc. (NYSE: SPN) - FYE 12/2014

    VeriFone Holdings, Inc. (NYSE: PAY) - FYE 10/2014

    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 Deere and Company at $82-$85, Best Buy at $36-$43, Superior Energy Services at $53-$60, and VeriFone Holdings at $15-$20.

    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

    Jun 13 8:16 AM | Link | Comment!
  • Performance - Week Ending 06/05/2015

    Performance - Week Ending 06/05/2015
    The Wax Ink Portfolio was down 0.2% for the week.

    By comparison, the Dow was down 0.9%, the Nasdaq was unchanged, the S&P 500 was down 0.7%, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was up 2.7%.

    Year to date, the Wax Ink portfolio is down 2.2%, the Dow is up 0.1%, the Nasdaq is up 7.0%, the S&P 500 is up 1.6%, the Russell 2000 is up 4.7%, and the VIX is higher by 3.6%.

    The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

    Weekly Winners
    This week's portfolio winners were oil rig engineering and construction contractor McDermott International, Inc. (NYSE: MDR), up 5%, steel cylinder maker Worthington Industries (NYSE: WOR), up 4%, and trucking company ArcBest Corporation (NASDAQ: ARCB), up 4%.

    Weekly Losers
    This week's portfolio losers were small tool maker LS Starrett (AMEX: SCX), down 5%, cigarette paper maker Schweitzer-Maudit International (NYSE: SWM), down 2%, and tire maker Goodyear Tire and Rubber Company

    (NYSE: GT), down 2%.

    Portfolio Duds
    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 8% (up 3% for the week) since being added to the portfolio,

    and municipal construction company Layne Christensen (NASDAQ: LAYN), down 52% (down 8% for the week) since being added to the portfolio.

    Notice
    I am closing my position in the The LS Starrett Company as soon as the markets open on Monday. While I have nice gain (60%) in the stock, it is just too small a position and of late, to volatile a stock to maintain.

    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.

    Chicago Bridge and Iron Company NV (NYSE: CBI) - FYE 12/2014

    International Game Technology plc (NYSE: IGT) - FYE 09/2014

    Unit Corporation (NYSE: UNT) - FYE 12/2014

    Diamond Offshore, Inc. (NYSE: DO) - FYE 12/2014

    Stone Energy Corporation (NYSE: SGY) - 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 Chicago Bridge and Iron at $43-$45, International Game Technology at $21-$25, Unit Corporation at $72-$74, Diamond Offshore at $40-$43, Stone Energy at $31-$33.

    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

    Jun 06 7:51 AM | Link | Comment!
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