The Wax Ink Portfolio was up 2.6%for the week.
By comparison, the Dow was up 3.7%, the Nasdaq was up 2.6%, the S&P 500 was up 3.3%, the Russell 2000 was up 4.6%, and the Volatility Index, commonly known as the VIX, was down 18.4%.
Year to date, the Wax Ink portfolio is down 5.8%, the Dow is down 4.1%, the Nasdaq is up 2.0%, the S&P 500 is down 2.1%, the Russell 2000 is down 3.3%, and the VIX is higher by 24.5%.
The portfolio breakdown is roughly 56% cash, 44% equities, and 0% bonds. The total number of shares remained the same this week.
This week's portfolio winners were refiner Marathon Oil Corporation (NYSE: MRO), up 18%, offshore contractor McDermott International (NYSE: MDR), up 18%, and really big company General Electric (NYSE: GE), up 10%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 3% (up 7% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (NASDAQ: LAYN), down 53% (up 9% for the week) since being added to the portfolio. Offshore supply company Tidewater, Inc. (NYSE: TDW), (up 16% for the week) is no longer a Portfolio Dud.
I have begun to rework my rather large watch list, consisting of some 1980 stocks, which I had been neglecting since I was on a markets exiting strategy. As noted last week I am reconsidering that decision.
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. However, because I was away last week, I was unable to update any worksheets. So what is below is from the prior week.
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 Myers Industries at $6-$11, Sonoco Products at $32-$38, Gilead Sciences at $69-$70, Under Armour at $28-$40, and BorgWarner at $38-$45.
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 MRO,MDR,GE,HFC,GFF,LAYN,TDW.