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 08/01/2014 0 comments
    Aug 2, 2014 8:22 AM | about stocks: MYE, HFC, ARCB, GT, SCX, GFF, LAYN, FNSR, PDCO, CVI, ASH

    Performance - Week Ending 08/01/2014
    The Wax Ink Portfolio was down 4.0% for the week. By comparison, the Dow was down 2.8%, the Nasdaq was down 2.2%, the S&P 500 was down 2.7%, the Russell 2000 was down 2.6%, and the Volatility Index, commonly known as the VIX, was up 34.2%.

    Year to date, the Wax Ink portfolio is down 6.2%, the Dow is down 0.5%, the Nasdaq is up 4.2%, the S&P 500 is up 4.2%, the Russell 2000 is down 4.2%, and the VIX is higher by 24.1%.

    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 container maker Myers Industries (NYSE: MYE), up 1%, and refiner HollyFrontier Corporation (NYSE: HFC), up 0.09%.

    This week's punch bowl floaters were newly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 20%, tire king Goodyear Tire and Rubber Company (NYSE: GT), down 13%, and small tools maker LS Starrett(AMEX: SCX), down 8%.

    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 42% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio.

    Worksheets were updated this week for:
    Finisar Corporation (Nasdaq: FNSR), Patterson Companies, Inc. (Nasdaq: PDCO), CVR Energy, Inc. (NYSE: CVI), Ashaland, Inc. (NYSE: NCR).

    Rounding out the week, Value Alerts were issued this week for Cabot Corporation, and NCR 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 Ink is a baseline equity research company not licensed or registered with any government agency
    Copyright © 2014 Wax Ink

    Disclosure: The author is long MYE, HFC, ARCB, GT, SCX, GFF, LAYN.

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