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Performance - Week Ending 07/18/2014

|Includes:AGU, DO, FSTR, GFF, GRA, LAYN, MRK, PBI, SEB, URS Corporation (URS), WNR

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 Ink is a baseline equity research company not licensed or registered with any government agency
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Disclosure: The author is long URS, GRA, AGU, CBST, GFF, FSTR, LAYN.