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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 07/25/2014 0 comments
    Jul 26, 2014 9:19 AM | about stocks: HFC, AGU, GT, LAYN, MRK, GE, RS, CBT, WU, NCR, INGR, TDW

    The Wax Ink Portfolio was down 1.5% for the week. By comparison, the Dow was down 0.8%, the Nasdaq was up 0.4%, the S&P 500 was up 0.2%, the Russell 2000 was down 0.6%, and the Volatility Index, commonly known as the VIX, was up 5.2%.

    Year to date, the Wax Ink portfolio is down 2.3%, the Dow is up 2.3%, the Nasdaq is up 6.4%, the S&P 500 is up 7.0%, the Russell 2000 is down 1.6%, and the VIX is lower by 7.5%.

    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 refiner HollyFrontier Corporation (NYSE: HFC), up 4%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 1%, and rubber king Goodyear Tire and Rubber Company (NYSE: GT), up 1%.

    This week's punch bowl floaters were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 10%, pill maker Cubist Corporation (Nasdaq: CBST), down 4%, and maker of almost everything General Electric(NYSE: GE), down 3%.

    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 39% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 46% since being added to the portfolio.

    Worksheets were updated this week for:
    Reliance Steel and Aluminum Company (NYSE: RS), Cabot Corporation (NYSE: CBT), The Western Union Company (NYSE: WU), NCR Corporation (NYSE: NCR), Ingredion Incorporated (Nasdaq: INGR), and Tidewater, Inc. (NYSE: TDW).

    Rounding out the week, Value Alerts were issued this week for NCR Corporation, and Cabot Corporation.

    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 HFC, AGU, GT, LAYN, CBST, GE.

    Stocks: HFC, AGU, GT, LAYN, MRK, GE, RS, CBT, WU, NCR, INGR, TDW
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