The Wax Ink Portfolio was up 0.9% for the week.
By comparison, the Dow was up 0.7%, the Nasdaq was up 0.8%, the S&P 500 was up 1.2, the Russell 2000 was op 1.0%, and the Volatility Index, commonly known as the VIX, was down 11.8%.
Year to date, the Wax Ink portfolio is up 9.0%, the Dow is down 0.7%, the Nasdaq is up 8.3%, the S&P 500 is up 2.2%, the Russell 2000 is up 2.8%, and the VIX is lower by 11.7%.
The portfolio breakdown is roughly 57% cash, 43% equities, and 0% bonds. The total number of shares held remains the same.
This week's portfolio winner was refiner HollyFrontier Corporation (NYSE: HFC), up 4.0%, rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), up 3.0%, and specialty chemical maker WR Grace and Company (NYSE: GRA), up 2.0%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 4% (up 10% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (NASDAQ: LAYN), down 47% (down 2%for the week) since being added to the portfolio.
I intend to close my position in Kaman Corporation, selling at the open, on Monday.
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 Vertex Energy at ($2)-($5), Bloomin' Brands at $22-$26, AutoNation at $45-$51, Murphy USA at $68-$71, and Anixter International at $67-$75.
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: I am/we are long HFC,GT,GRA,KAMN,DAR,GFF,LAYN.