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
My blog:
Wax Ink
  • Performance - Week Ending 08/22/2014 0 comments
    Aug 23, 2014 9:52 AM | about stocks: IRF, ARCB, SCX, SWM, SAR, WOR, GFF, LAYN, SNA, VMI, ATU, SBH, OLN

    Performance - Week Ending 08/22/2014
    The Wax Ink Portfolio was up 3.9% for the week. By comparison, the Dow was up 2.0%, the Nasdaq was up 1.6%, the S&P 500 was up 1.7%, the Russell 2000 was up 1.6%, and the Volatility Index, commonly known as the VIX, was down 12.8%.

    Year to date, the Wax Ink portfolio is up 1.3%, the Dow is up 2.6%, the Nasdaq is up 8.7%, the S&P 500 is up 7.6%, the Russell 2000 is down 0.3%, and the VIX is lower by 16.4%.

    The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. The total number of shares held increased this week with addition of 2000 shares of Layne Christensen.

    This week's winners were semiconductor maker International Rectifier Corporation(NYSE: IRF), up 52%, stupidly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), up 7%, and small tool maker LS Starrett Company (NYSE: SCX), up 7%.

    This week's punch bowl floaters were cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 2.0%, chicken parts recycler Darling International (NYSE: DAR), down 0.1%, and steel cylinder maker Worthington Industries(NYSE: WOR), down 0.1%.

    The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 28% since being added to the portfolio.

    Worksheets were updated this week for:
    Snap-On, Inc. (NYSE: SNA), Valmont Industries, Inc. (NYSE: VMI), Actuant Corporation (NYSE: ATU), Sally Beauty Holdings, Inc. (NYSE: SBH), and Olin Corporation (NYSE: OLN).

    There were no Value Alerts issued this week.

    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 IRF, ARCB, SCX, SWM, SAR, WOR, GFF, LAYN.

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