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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 08/29/2014 0 comments
    Aug 30, 2014 9:23 AM | about stocks: SCX, MRK, GT, ARCB, HFC, DAR, GFF, LAYN, GEF, AN, UNF, MTZ, BMS, RDC

    The Wax Ink Portfolio was up 0.7% for the week. By comparison, the Dow was up 0.6%, the Nasdaq was up 0.9%, the S&P 500 was up 0.8%, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was up 4.4%.

    Year to date, the Wax Ink portfolio is down 0.4%, the Dow is up 3.1%, the Nasdaq is up 9.7%, the S&P 500 is up 8.4%, the Russell 2000 is up 0.9%, and the VIX is lower by 12.7%.

    The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. The total number of shares held decreased this week by 4000 with the sale of URS Corporation (NYSE: URS) and International Rectifier Corporation(NYSE: IRF).

    This week's winners were small tool maker The LS Starrett Company(NYSE: SCX), up 6%, drug maker Cubist Corporation (Nasdaq: CBST), up 4%, and round rubber king Goodyear Tire and Rubber Company (NYSE: GT), up 4%.

    This week's punch bowl floaters were stupidly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 3%, refiner HollyFrontier Corporation (NYSE: HFC), down 2%, and chicken parts processor Darling International(NYSE: DAR), down 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:
    Greif, Inc. (NYSE: GEF), AutoNation, Inc. (NYSE: AN), Unifirst Corporation (NYSE: UNF), MasTec, Inc. (NYSE: MTZ), Bemis Company (NYSE: BMS), and Rowan Companies plc (NYSE: RDC).

    Rounding out the week, a Value Alert was issued for Autonation, Inc. (NYSE: AN).

    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 SCX, CBST, GT, ARCB, HFC, DAR, GFF, LAYN.

    Themes: Portfolio Management Stocks: SCX, MRK, GT, ARCB, HFC, DAR, GFF, LAYN, GEF, AN, UNF, MTZ, BMS, RDC
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