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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
  • Performance - Week Ending 04/11/2014 0 comments
    Apr 12, 2014 10:00 AM | about stocks: MYE, FSTR, LAYN, WOR, CBST, SWM, GFF, AVP, ECL, SPAR, STS, WNC, BWA

    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.

    Stocks: MYE, FSTR, LAYN, WOR, CBST, SWM, GFF, AVP, ECL, SPAR, STS, WNC, BWA
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