Scott Wachsler's  Instablog

Scott Wachsler
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I manage Wax, 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
My company:
Wax Ink
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Wax Ink
  • Performance - Week Ending 03/28/2014 0 comments
    Mar 29, 2014 9:53 AM | about stocks: AIR, AGU, GE, URS, WOR, MRK, ARCB, GFF, LAYN, ROCK, ACIIQ

    The Wax Ink Portfolio was down 1.2% for the week. By comparison, the Dow was up 0.1%, the Nasdaq was down 2.8%, the S&P 500 was down 0.5%, the Russell 2000 was down 3.5%, and the Volatility Index, commonly known as the VIX, was down 3.9%.

    Year to date, the Wax Ink portfolio is down 0.2%, the Dow is down 1.5%, the Nasdaq is down 0.5%, the S&P 500 is up 0.5%, the Russell 2000 is down 1.0%, and the VIX is higher by 5.0%.

    The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. During the course of the week, I closed my position in AAR Corporation(NYSE: AIR), having owned the stock 4513 days. The gain, net of all fees, was 241%.

    This week's winners were agricultural chemical company Agrium, Inc. (NYSE: AGU), up 3%, lots of stuff maker General Electric (NYSE: GE), up 2%, and technical services company URS Corporation (NYSE: URS), up 0.15%.

    This week's losers were cylinder maker Worthington Industries, Inc. (NYSE: WOR), down 10%, drug maker Cubist Corporation (Nasdaq: CBST), down 7%, and trucking company Arkansas Best Corporation (Nasdaq: ABFS), down 5%.

    The portfolio's worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 34% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 13% since being added to the portfolio.

    Worksheets were updated this week for: Gilbraltar Industries, Inc. (Nasdaq: ROCK), Olympic Steel, Inc. (Nasdaq: ZUES), and Arch Coal, Inc. (NYSE: ACI).

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

    Disclosure: I am long AGU, GE, URS, WOR, CBST, ABFS, GFF, LAYN.

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