Scott Wachsler's  Instablog

Scott Wachsler
Send Message
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
My blog:
Wax Ink
  • Performance - Week Ending 08/08/2014 0 comments
    Aug 9, 2014 9:11 AM | about stocks: FSTR, HFC, SCX, ARCB, AGU, MRK, GFF, LAYN, ENR, PLT, ESLT, OC

    Performance - Week Ending 08/08/2014
    The Wax Ink Portfolio was up 1.9% for the week. By comparison, the Dow was up 0.4%, the Nasdaq was up 0.4%, the S&P 500 was up 0.3%, the Russell 2000 was up 1.5%, and the Volatility Index, commonly known as the VIX, was down 7.4%.

    Year to date, the Wax Ink portfolio is down 4.4%, the Dow is down 0.1%, the Nasdaq is up 4.7%, the S&P 500 is up 4.5%, the Russell 2000 is down 2.8%, and the VIX is higher by 14.9%.

    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 infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 9%, refiner HollyFrontier Corporation (NYSE: HFC), up 4%, and small tool maker LS Starrett Company (AMEX: SCX), up 4%.

    This week's punch bowl floaters were newly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 1%, agricultural chemicals maker Agrium, Inc. (NYSE: AGU), down 0.1%, and drug maker Cubist Pharmaceuticals(Nasdaq: CBST), down 0.5%.

    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 37% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 47% since being added to the portfolio.

    Worksheets were updated this week for:
    Energizer Holdings, Inc. (NYSE: ENR), Plantronics, Inc. (NYSE: PLT), Elbit Systems Ltd. (Nasdaq: ESLT), and Owens Corning (NYSE: OC).

    Rounding out the week, Value Alerts were issued for Plantronics, 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
    Copyright © 2014 Wax Ink

    Disclosure: The author is long FSTR, HFC, SCX, ARCB, AGU, CBST, GFF, LAYN.

Back To Scott Wachsler's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.