The Wax Ink Portfolio was down 0.5% for the week.
By comparison, the Dow was down 2.3%, the Nasdaq was down 2.7%, the S&P 500 was down 2.2%, the Russell 2000 was down 2.0%, and the Volatility Index, commonly known as the VIX, was up 15.7%.
Year to date, the Wax Ink portfolio is down 4.3%, the Dow is down 0.6%, the Nasdaq is up 3.3%, the S&P 500 is up 0.1%, the Russell 2000 is up 3.0%, and the VIX is higher by 9.8%.
The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.
This week's portfolio winners were offshore contractor McDermott International (NYSE: MDR), up 10%, small tool maker LS Starrett Company (NYSE: SCX), up 3%, and container maker Myers Industries (NYSE: MYE), up 2%.
This week's portfolio losers were trucking company ArcBest Corporation (Nasdaq: ARCB), down 8%, steel cylinder maker Worthington Industries (NYSE: WOR), down 5%, and refiner HollyFrontier Corporation (NYSE: HFC), down 3%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 3% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 72% since being added to the portfolio.
Archived worksheets may be downloaded by going to the Worksheets page at the site and selecting an industry which will move you to all of the worksheets I have updated for the selected industry.
Worksheets updated last week may be downloaded by clicking on the links (company name) below.
Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.
Reasonable Value Estimates
Reasonable value estimates are initial valuations which Accredited Investors, after completing their own due diligence, can either increase or decrease in accordance with their individual risk tolerance and investing philosophy.
Reasonable value estimates were established or revised this week for Oil States International at $71-$73, National Oilwell Varco at $69-$77, Fastenal at $32-$41, Olin Corporation at $29-$37, The Brink's Companyat $9-$14, and
Whiting Petroleum Corporation at $25-$27.
Have a great week.
Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink
Disclosure: The author is long MCD,SCX,MYE,ARCB,WOR,HFC,GFF,LAYN.