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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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Wax Ink
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  • Performance - Week Ending 04/24/2015

    The Wax Ink Portfolio was up 0.7% for the week.

    By comparison, the Dow was up 1.4%, the Nasdaq was up 3.2%, the S&P 500 was up 1.8%, the Russell 2000 was up 1.3%, and the Volatility Index, commonly known as the VIX, was down 11.5%.

    Year to date, the Wax Ink portfolio is down 1.7%, the Dow is up 1.4%, the Nasdaq is up 7.5%, the S&P 500 is up 2.9%, the Russell 2000 is up 5.2%, and the VIX is lower by 10.4%.

    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 refiner HollyFrontier Corporation (NYSE: HFC), up 5%, trucking company ArcBest Corporation (NASDAQ: ARCB), up 4%, and cylinder maker Worthington Industries (NYSE: WOR), up 3%.

    Weekly Losers
    This week's portfolio losers were offshore rig contractor McDermott International (NYSE: MDR), down 3%, maker of all things necessary General Electric (NYSE: GE), down 2%, and ag chemical company Agrium (NYSE: AGU), down 1%.

    Portfolio Duds
    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 3% since being added to the portfolio, and municipal construction company Layne Christensen (NASDAQ: LAYN), down 63% since being added to the portfolio.

    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.

    Chart Industries, Inc. (NASDAQ: GTLS) - FYE 12/2014

    Mueller Industries, Inc. (NYSE: MLI) - FYE 12/2014

    Energizer Holdings, Inc. (NYSE: ENR) - FYE 09/2014

    Reliance Steel and Aluminum Company (NYSE: RS) - FYE 12/2014

    Patterson-UTI Energy, Inc. (NASDAQ: PTEN) - 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 Chart Industries at $28-$36, Mueller Industries at $44-$51, Energizer Holdings at $59-$77, Reliance Steel at $68-$73, and Patterson-UTI at $51-$57.

    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

    Apr 25 8:57 AM | Link | Comment!
  • Performance - Week Ending 04/10/2015

    The Wax Ink Portfolio was up 0.7% for the week.

    By comparison, the Dow was up 1.7%, the Nasdaq was up 2.2%, the S&P 500 was up 1.7%, the Russell 2000 was up 0.7%, and the Volatility Index, commonly known as the VIX, was down 14.2%.

    Year to date, the Wax Ink portfolio is down 1.7%, the Dow is up 1.3%, the Nasdaq is up 5.5%, the S&P 500 is up 2.1%, the Russell 2000 is up 5.0%, and the VIX is lower by 8.3%.

    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 offshore contractor McDermott International (NYSE: MDR), up 17%, maker of all things General Electric (NYSE: GE), up 14%, and ag chemicals company Agrium (NYSE: AGU), up 2%.

    Weekly Losers
    This week's portfolio losers were infrastructure supplier LB Foster (NASDAQ: FSTR), down 5%, small tool maker LS Starrett (NYSE: SCX), down 4%, and helicopter wizard Kaman Corporation (NASDAQ: KAMN), down 1%.

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

    municipal/industrial construction company Layne Christensen (NASDAQ: LAYN), down 67% since being added to the portfolio.

    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.

    PBF Energy, Inc. (NYSE: PBF) - FYE 12/2014

    Hess Corporation (NYSE: HES) - FYE 12/2014

    Murphy Oil Corporation (NYSE: MUR) - FYE 12/2014

    Phillips 66 (NYSE: PSX) - FYE 12/2014

    Alcoa, Inc. (NYSE: AA) - FYE 12/2014

    NACCO Industries, Inc. (NYSE: NC) - 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 PBF Energy at $24-$28, Hess Corporation at $94-$102, Murphy Oil Corporation at $96-$108, Phillips 66 at $77-$79, Alcoaat $33-$38, and WR Grace at $38-$40.

    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

    Apr 11 9:19 AM | Link | Comment!
  • Performance - Week Ending 04/03/2015

    The Wax Ink Portfolio was up 2.0% for the week.

    By comparison, the Dow was up 0.3%, the Nasdaq was down 0.1%, the S&P 500 was up 0.3%, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was down 2.7%.

    Year to date, the Wax Ink portfolio is down 2.4%, the Dow is down 0.3%, the Nasdaq is up 3.2%, the S&P 500 is up 0.4%, the Russell 2000 is up 4.2%, and the VIX is higher by 6.9%.

    The portfolio breakdown was altered this week as I closed my position in Myers Industries (NYSE: MYE). While I did note a couple of weeks ago that the company has some accounting issues with its Brazilian operations, that news did not enter in to my decision to close my position. I had owned the stock for 12 years, and it was just time to replace it with one that has greater appreciation potential.

    Weekly Winners
    This week's portfolio winners were offshore contractor McDermott International (NYSE: MDR), up 15%, cylinder maker Worthington Industries (NYSE: WOR), up 4%, and tire king Goodyear Tire and Rubber Company (NYSE: GT), up 2%.

    Weekly Losers
    This week's portfolio losers were refiner HollyFrontier Corporation (NYSE: HFC), down 4%, trucker ArcBest Corporation (NASDAQ: ARCB), down 2%, and ag chemicals company Agrium, Inc. (NYSE: AGU), down 1%.

    Portfolio Duds
    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 3% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (NASDAQ: LAYN), down 67% since being added to the portfolio.

    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.

    American Woodmark Corporation (NASDAQ: AMWD) - FYE 04/2014

    CARBO Ceramics, Inc. (NYSE: CRR) - FYE 12/2014

    Celanese Corporation (NYSE: CE) - FYE 12/2014

    E. I. du Pont de Nemours and Company (NYSE: DD) - FYE 12/2014

    Quaker Chemical Corporation (NYSE: KWR) - FYE 12/2014

    WR Grace and Company (NYSE: GRA) - 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 American Woodmark Corporation at $31-$39, CARBO Ceramics at $40-$47, Celanese Corporation at $32-$41, du Pont at $50-$54, Quaker Chemicalat $59-$64, and WR Grace at $38-$40.

    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

    Apr 04 8:54 AM | Link | Comment!
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