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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 07/18/2014 0 comments
    Jul 19, 2014 8:55 AM | about stocks: URS, GRA, AGU, CBST, GFF, FSTR, LAYN, SEB, WNR, PBI, DO

    The Wax Ink Portfolio was up 1.7% for the week. By comparison, the Dow was up 0.9%, the Nasdaq was up 0.4%, the S&P 500 was up 0.5%, the Russell 2000 was down 0.7%, and the Volatility Index, commonly known as the VIX, was basically unchanged.

    Year to date, the Wax Ink portfolio is down 0.8%, the Dow is up 3.2%, the Nasdaq is up 6.1%, the S&P 500 is up 7.0%, the Russell 2000 is down 1.0%, and the VIX is lower by 12.1%.

    The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

    This week's winners were specialty contractor URS Corporation (NYSE: URS), up 13%, specialty chemicals company WR Grace Company (NYSE: GRA), up 5%, and agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 4%.

    This week's punch bowl floaters were pill maker Cubist Pharmaceuticals, Inc. (Nasdaq: CBST), down 4%, building materials company Griffon Corporation (NYSE: GFF), down 3%, and infrastructure supplier LB Foster Company(Nasdaq: FSTR), down 2%.

    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 38% since being added to the portfolio, and municipal/industrial

    construction company Layne Christensen (Nasdaq: LAYN), down 40% since being added to the portfolio.

    Worksheets were updated this week for:
    Seaboard Corporation (AMEX: SEB), Western Refining, Inc. (NYSE: WNR), Pitney Bowes, Inc. (NYSE: PBI), and Diamond Offshore Drilling, Inc. (NYSE: DO).

    Rounding out the week, Value Alerts were issued this week for Seaboard Corporation, and Pitney Bowes, Inc..

    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. Thanx.

    Wax

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

    Disclosure: The author is long URS, GRA, AGU, CBST, GFF, FSTR, LAYN.

    Themes: Portfolio Management Stocks: URS, GRA, AGU, CBST, GFF, FSTR, LAYN, SEB, WNR, PBI, DO
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