The Wax Ink Portfolio was up 0.6%for the week.
By comparison, the Dow was up 1.4%, the Nasdaq was up 1.8%, the S&P 500 was up 1.0%, the Russell 2000 was up 3.3%, and the Volatility Index, commonly known as the VIX, was down 4.9%.
Year to date, the Wax Ink portfolio is down 6.1%, the Dow is down 0.5%, the Nasdaq is up 8.7%, the S&P 500 is up 2.0%, the Russell 2000 is down 0.4%, and the VIX is higher by 4.4%.
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 offshore contractor McDermott International (NYSE: MDR), up 17%, ag chemical company Agrium, Inc. (NYSE: AGU), up 4%, and independent refiner Holly Frontier Corporation (NYSE: HFC), up 3%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation, down 1% since being added to the portfolio, municipal construction company Layne Christensen down 58% since being added to the portfolio, and offshore supply boat company Tidewater, down 29% since being added to the portfolio.
As I continue to rework my rather large watch list, please remember that I am a value investor seeking to buy stocks, regardless of the sector, that I believe will double over a 60 month hold.
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.
Sanchez Energy Corporation (NYSE: SN) - FYE 12/2014
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 Aegean Marine Petroleum at $17-$22, Denbury Resources at $27-$28, and Sanchez Energy at $38-$57.
Have a great week.
Wax Ink is a baseline equity research company not licensed or registered with any government agency
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Disclosure: I am/we are long MDR,AGU,HFC,TDW,GRA,GFF,LAYN.