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Performance - Week Ending 11/06/2015

|Includes: Aegean Marine Petroleum Network Inc. (ANW), GFF, GRA, HFC, LAYN, MDR, NTR, TDW

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.

Weekly Winners
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%.

Weekly Losers
This week's portfolio losers were offshore supply boat company Tidewater, Inc. (NYSE: TDW), down 8%, and specialty chemical company WR Grace and Company (NYSE: GRA).

Portfolio Duds
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.

Fair Warning
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.

Aegean Marine Petroleum Network, Inc. (NYSE: ANW) - FYE 12/2014

Denbury Resources, Inc. (NYSE: DNR) - FYE 12/2014

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
Copyright © 2015 Wax Ink

Disclosure: I am/we are long MDR,AGU,HFC,TDW,GRA,GFF,LAYN.