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Portfolio

When reasonable people come together and make reasonable decisions, much can be achieved. That was my belief when I formed Wax Ink, and that is my belief today.

Through all of the highs and lows that are investing, I have tried to show interested investors that a portfolio that buys great companies at great prices, and then holds those great companies for extended periods of time, will yield superior returns when compared to a portfolio in which the holdings are continuously changed.

I invite you to follow the Wax Ink Portfolio as I continue my journey through a world never intended for working class investors.

Performance – Week Ending 07/31/2015
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.

Weekly Winners
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%.

Weekly Losers
This week’s portfolio losers were aerospace and defense contractor Kaman Corporation (Nasdaq: KAMN), down 2%, and chicken grease processor Darling Ingredients (NYSE: DAR), down 1%.

Portfolio Duds
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.

Fair Warning
I intend to close my position in Kaman Corporation, selling at the open, on Monday.

Worksheets
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.

Vertex Energy, Inc. (Nasdaq: VTNR) – FYE 12/2014

Bloomin’ Brands, Inc. (Nasdaq: BLMN) – FYE 12/2014

AutoNation, Inc. (NYSE: AN) – FYE 12/2014

Murphy USA, Inc. (NYSE: MUSA) – FYE 12/2014

Annixter International, Inc. (NYSE: AXE) – 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 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

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 07/24/2015
The Wax Ink Portfolio was down 1.1% for the week.

By comparison, the Dow was down 2.9%, the Nasdaq was down 2.3%, the S&P 500 was down 2.2, the Russell 2000 was down 1.1%, and the Volatility Index, commonly known as the VIX, was up 15.0%.

Year to date, the Wax Ink portfolio is up 8.0%, the Dow is down 1.4%, the Nasdaq is up 7.4%, the S&P 500 is up 1.0%, the Russell 2000 is up 1.8%, and the VIX is higher by 0.1%.

The portfolio breakdown is roughly 57% cash, 43% equities, and 0% bonds. The total number of shares held remains the same.

Weekly Winners
This week’s portfolio winner was refiner HollyFrontier Corporation (NYSE: HFC), up 0.17%.

Weekly Losers
This week’s portfolio losers were offshore construction company McDermott International (NYSE: MDR), down 11%, maker of lots of stuff General Electric (NYSE: GE), down 5%, and rubber king Goodyear Tire and Rubber, (NYSE: GT), down 4%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 13% (down 3% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 46% (down 4%for the week) since being added to the portfolio.

Fair Warning
As I noted last week, I closed my position in Worthington Industries selling 600 shares with a cost basis of $15.34, at $27.91 for an 82% return over a 3216 day hold.

Worksheets
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.

Owens Corning (NYSE: OC) – FYE 12/2014

Aegion Corporation (Nasdaq: AEGN) – FYE 12/2014

Orion Marine Group, Inc. (NYSE: ORN) – FYE 12/2014

Clean Harbors, Inc. (NYSE: CLH) – 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 Owens Corning at $35-$42, Aegion Corporation at $25-$33, Orion Marine Group at $16-$23, and Clean Harbors at $50-$58.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 07/17/2015
The Wax Ink Portfolio was up 0.7% for the week.

By comparison, the Dow was up 1.8%, the Nasdaq was up 4.3%, the S&P 500 was up 2.4, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was down 29.0%.

Year to date, the Wax Ink portfolio is up 7.5%, the Dow is up 1.5%, the Nasdaq is up 10.0%, the S&P 500 is up 3.3%, the Russell 2000 is up 5.2%, and the VIX is lower by 12.9%.

The portfolio breakdown is roughly 56% cash, 44% equities, and 0% bonds. The total number of shares held remains the same.

Weekly Winners
This week’s portfolio winners were rubber and plastics king Goodyear Tire and Rubber Company (NYSE: GT), up 5%, and maker of almost everything General Electric (NYSE: GE), up 4%, and refiner HollyFrontier Corporation (NYSE: HFC).

Weekly Losers
This week’s portfolio losers were offshore construction company McDermott International (NYSE: MDR), down 5%, steel cylinder maker Worthington Industries (NYSE: WOR), down 4%, and chicken grease recycler Darling Ingredients, (NYSE: DAR), down 3%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% (unchanged for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 44% (up 3%for the week) since being added to the portfolio.

Fair Warning
I will close my position in Worthington Industries, selling at the open on Monday.

Worksheets
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.

Kulicke and Soffa Industries (Nasdaq: KLIC) – FYE 09/2014

Gulf Island Fabrication, Inc. (Nasdaq: GIFI) – FYE 12/2014

Olympic Steel, Inc. (Nasdaq: ZEUS) – FYE 12/2014

Albany International Corporation (NYSE: AIN) – FYE 12/2014

The Dixie Group, Inc. (Nasdaq: DXYN) – 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 Kulicke and Soffa Industries at $26-$34, Gulf Island Fabrication at $30-$37, Olympic Steel at $43-$51, Albany International at $34-$40, and The Dixie Group at $7-$10.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 07/10/2015
The Wax Ink Portfolio was down 0.4% for the week.

By comparison, the Dow was up 0.2%, the Nasdaq was down 0.2%, the S&P 500 was unchanged, the Russell 2000 was up 0.3%, and the Volatility Index, commonly known as the VIX, was up 0.2%.

Year to date, the Wax Ink portfolio is up 6.8%, the Dow is down 0.4%, the Nasdaq is up 5.5%, the S&P 500 is up 0.9%, the Russell 2000 is up 3.9%, and the VIX is higher by 22.4%.

The portfolio breakdown is roughly 57% cash, 43% equities, and 0% bonds. The total number of shares held decreased by 1000 this week with the sale of LB Foster Company.

Weekly Winners
This week’s portfolio winners were specialty chemical maker WR Grace and Company (NYSE: GRA), up 1%, and refiner HollyFrontier Corporation (NYSE: HFC), up 1%.

Weekly Losers
This week’s portfolio losers were chicken grease processor Darling Ingredients (NYSE: DAR), down 4%, tire and rubber king The Goodyear Tire and Rubber Comapny (NYSE: GT), down 4%, and steel cylinder maker Worthington Industries, (NYSE: WOR), down 3%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% (up 1% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 46% (down 1% for the week) since being added to the portfolio.

Fair Warning
I closed my position in The LB Foster Company, selling at $33.83 for an 18% gain. I still believe the reason for the purchase, replacement of America’s infrastructure, was sound. Where this holding went south, was my reliance on the government since TARP money was supposed to pay for much of this work. So for me the lesson is to remember that the government consists of 537 primary players, all of whom are worthless souls.

Worksheets
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.

RigNet, Inc. (Nasdaq: RNET) – FYE 12/2014

SPX Corporation (NYSE: SPW) – FYE 12/2014

Tennant Company. (NYSE: TNC) – FYE 12/2014

The Timken Company (NYSE: TKR) – FYE 12/2014

Snap-On Incorporated (NYSE: NCR) – 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 RigNet at $36-$44, SPX Corporation at $73-$83, Tennant Company at $48-$55, Timken Company at $43-$50, and Snap-On at $78-$82.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 07/02/2015
The Wax Ink Portfolio was up 4.9% for the week.

By comparison, the Dow was down 1.2%, the Nasdaq was down 1.4%, the S&P 500 was down 1.2%, the Russell 2000 was down 2.5%, and the Volatility Index, commonly known as the VIX, was up 19.8%.

Year to date, the Wax Ink portfolio is up 4.5%, the Dow is down 0.5%, the Nasdaq is up 5.8%, the S&P 500 is up 0.9%, the Russell 2000 is up 3.6%, and the VIX is higher by 22.4%.

The portfolio breakdown is roughly 55% cash, 45% equities, and 0% bonds. The total number of shares held decreased by 2000 this week with the sale of ArcBest Corporation.

Weekly Winners
This week’s portfolio winners were oil refiner HollyFrontier Corporation (NYSE: HFC), up 7%, and agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 2%.

Weekly Losers
This week’s portfolio losers were offshore engineering and construction company McDermott International (NYSE: MCD), down 5%, tire and rubber king The Goodyear Tire and Rubber Company (NYSE: GT), down 4%, and infrastructure supplier LB Foster Company, (Nasdaq: FSTR), down 4%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% (down 1% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 46% (down 1%for the week) since being added to the portfolio.

Fair Warning
I am currently considering closing my position in infrastructure company The LB Foster Company.

Worksheets
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.

Lawson Products, Inc. (Nasdaq: LAWS) – FYE 12/2014

Forward Air Corporation (Nasdaq: FWRD) – FYE 12/2014

Matson, Inc. (Nasdaq: MATX) – FYE 12/2014

Kansas City Southern (NYSE: KSU) – FYE 12/2014

NCR Corporation (NYSE: NCR) – 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 Lawson Products at $12-$16, Forward Air Corporation at $46-$52, Matson at $32-$39, Kansas City Southern at $56-$61, and NCR Corporation at $20-$26.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 06/26/2015
The Wax Ink Portfolio was up 0.3% for the week.

By comparison, the Dow was down 0.4%, the Nasdaq was down 0.7%, the S&P 500 was down 0.4%, the Russell 2000 was down 0.4%, and the Volatility Index, commonly known as the VIX, was up 0.4%.

Year to date, the Wax Ink portfolio is down 0.4%, the Dow is up 0.7%, the Nasdaq is up 7.3%, the S&P 500 is up 2.1%, the Russell 2000 is up 6.2%, and the VIX is higher by 2.2%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds.

Weekly Winners
This week’s portfolio winners were steel cylinder maker Worthington Industries (NYSE: WOR), up 11%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 3%, and cigarette paper maker Schweitzer-Maudit International, Inc. (NYSE: SWM), up 3%.

Weekly Losers
This week’s portfolio losers were trucking company ArcBest Corporation (Nasdaq: ARCB), down 5%, chicken grease processor Darling Ingredients, Inc. (NYSE: DAR), down 4%, and offshore construction contractor McDermott International, Inc. (NYSE: MDR), down 4%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 9% (unchanged for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 45% (up 9% for the week) since being added to the portfolio.

Fair Warning
Please note I will close my position in trucking company ArcBest Corporation on Monday 06/29/2015, selling at the open.

Worksheets
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.

Friedman Industries, Inc. (AMEX: FRD) – FYE 03/2015

FMC Corporation (NYSE: FMC) – FYE 12/2014

World Fuel Services Corporation (NYSE: INT) – FYE 12/2014

ConocoPhillips (NYSE: COP) – FYE 10/2014

Adams Resources and Energy, Inc. (NYSE: AE) – FYE 12/2014

Molson Coors Brewing Company (NYSE: TAP) – FYE 12/2014

Sally Beauty Holdings, Inc. (NYSE: SBH) – FYE 09/2014

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 Friedman Industries at $11-$16, FMC Corporation at $38-$44, World Fuel Services at $47-$55, ConocoPhillips at $79-$81, Adams Resources and Energy at $70-$79, Molson Coors Brewing at $35-$36, Sally Beauty Holdings at $25-$26.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 06/05/2015
The Wax Ink Portfolio was up 1.4% for the week.

By comparison, the Dow was up 0.3%, the Nasdaq was down 0.3%, the S&P 500 was up 0.1%, the Russell 2000 was up 0.3%, and the Volatility Index, commonly known as the VIX, was down 0.4%.

Year to date, the Wax Ink portfolio is down 0.8%, the Dow is up 0.4%, the Nasdaq is up 6.7%, the S&P 500 is up 1.7%, the Russell 2000 is up 5.0%, and the VIX is higher by 0.4%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There total number of shares held decreased by 500 with the sale of LS Starrett Company.

Weekly Winners
This week’s portfolio winners were specialty chemicals maker WR Grace and Company (NYSE: GRA), up 2%, chicken parts processor Darling International (NYSE: DAR), up 1%, and tire king Goodyear Tire and Rubber (NYSE: GT), up 1%.

Weekly Losers
This week’s portfolio losers were infrastructure supply company LB Foster Company (Nadaq: FSTR), down 5%, trucking company ArcBest Corporation (Nasdaq: ARCB), down 4%, and cylinder maker Worthington Industries (NYSE: WOR), down 2%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 9% (down 1% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 38% (up 27% for the week) since being added to the portfolio.

Fair Warning
As noted last week, I closed my position in the The LS Starrett Company selling at $16.52 for a 59% gain. There are other holdings, LB Foster, ArcBest Corporation, Kaman Corporation and Worthington Industriesthat have passed my minimum 1825 day hold requirement and as such it may be time to sell since they are not performing as intended.

Worksheets
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.

Deere and Company (NYSE: DE) – FYE 10/2014

Best Buy Company, Inc. (NYSE: BBY) – FYE 02/2014

Superior Energy Services, Inc. (NYSE: SPN) – FYE 12/2014

VeriFone Holdings, Inc. (NYSE: PAY) – FYE 10/2014

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 Deere and Company at $82-$85, Best Buy at $36-$43, Superior Energy Services at $53-$60, and VeriFone Holdings at $15-$20.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 06/05/2015
The Wax Ink Portfolio was down 0.2% for the week.

By comparison, the Dow was down 0.9%, the Nasdaq was unchanged, the S&P 500 was down 0.7%, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was up 2.7%.

Year to date, the Wax Ink portfolio is down 2.2%, the Dow is up 0.1%, the Nasdaq is up 7.0%, the S&P 500 is up 1.6%, the Russell 2000 is up 4.7%, and the VIX is higher by 3.6%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were oil rig engineering and construction contractor McDermott International, Inc. (NYSE: MDR), up 5%, steel cylinder maker Worthington Industries (NYSE: WOR), up 4%, and trucking company ArcBest Corporation (Nasdaq: ARCB), up 4%.

Weekly Losers
This week’s portfolio losers were small tool maker LS Starrett (AMEX: SCX), down 5%, cigarette paper maker Schweitzer-Maudit International (NYSE: SWM), down 2%, and tire maker Goodyear Tire and Rubber Company (NYSE: GT), down 2%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 8% (up 3% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 52% (down 8% for the week) since being added to the portfolio.

Fair Warning
I am closing my position in the The LS Starrett Company as soon as the markets open on Monday. While I have nice gain (60%) in the stock, it is just too small a position and of late, to volatile a stock to maintain.

Worksheets
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.

Chicago Bridge and Iron Company NV (NYSE: CBI) – FYE 12/2014

International Game Technology plc (NYSE: IGT) – FYE 09/2014

Unit Corporation (NYSE: UNT) – FYE 12/2014

Diamond Offshore, Inc. (NYSE: DO) – FYE 12/2014

Stone Energy Corporation (NYSE: SGY) – 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 Chicago Bridge and Iron at $43-$45, International Game Technology at $21-$25, Unit Corporation at $72-$74, Diamond Offshore at $40-$43, Stone Energy at $31-$33.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 05/29/2015
The Wax Ink Portfolio was down 0.6% for the week.

By comparison, the Dow was down 1.2%, the Nasdaq was down 0.4%, the S&P 500 was down 0.9%, the Russell 2000 was down 0.5%, and the Volatility Index, commonly known as the VIX, was up 14.1%.

Year to date, the Wax Ink portfolio is down 1.4%, the Dow is up 2.3%, the Nasdaq is up 7.5%, the S&P 500 is up 3.3%, the Russell 2000 is up 3.9%, and the VIX is lower by 11.6%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were oil rig engineering and construction contractor McDermott International, Inc. (NYSE: MDR), up 17%, small tool maker LS Starrett Company (AMEX: SCX), up 2%, and chicken grease collection king Darling Ingredients (NYSE: DAR), up 1%.

Weekly Losers
This week’s portfolio losers were infrastructure supplier LB Foster Company (Nasdaq: FSTR), down 5%, trucking company ArcBest Corporation (Nasdaq: ARBC), down 4%, and agricultural chemical company Agrium (NYSE: AGU), down 4%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 11% (down 1% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 48% (down 5% for the week) since being added to the portfolio.

Worksheets
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.

Carlisle Companies, Inc. (NYSE: CSL) – FYE 12/2014

Ingersoll-Rand plc (NYSE: IR) – FYE 12/2014

AO Smith Corporation (NYSE: AOS) – FYE 12/2014

GameStop Corporation (NYSE: GME) – FYE 01/2015

World Food Market, Inc. (NYSE: WFM) – FYE 09/2014

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 Carlisle Companies at $55-$61, Ingersoll-Rand at $38-$43, AO Smith at $39-$48, GameStop Corporation at $47-$58, World Food Market at $27-$37.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 05/22/2015
The Wax Ink Portfolio was down 0.1% for the week.

By comparison, the Dow was down 0.2%, the Nasdaq was up 0.8%, the S&P 500 was up 0.2%, the Russell 2000 was up 0.7%, and the Volatility Index, commonly known as the VIX, was down 2.0%.

Year to date, the Wax Ink portfolio is down 1.4%, the Dow is up 2.3%, the Nasdaq is up 7.5%, the S&P 500 is up 3.3%, the Russell 2000 is up 3.9%, and the VIX is lower by 11.6%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were rubber king The Goodyear Tire and Rubber Company (NYSE: GT), up 3%, specialty chemical maker WR Grace and Company (NYSE: GRA), up 2%, and maker of almost everything General Electric (NYSE: GE), up 2%.

Weekly Losers
This week’s portfolio losers were small tool maker The LS Starrett Company (AMEX: SCX), down 6%, cigarette paper maker Schweitzer-Maudit International (NYSE: SWM), down 5%, and infrastructure supplier LB Foster Company (Nasdaq: FSTR), down 3%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% (down 2% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 45% (up 2% for the week) since being added to the portfolio.

Worksheets
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.

Rowan Companies PLC (NYSE: RDC) – FYE 12/2014

Contango Oil and Gas Company, Inc. (NYSE: MCF) – FYE 12/2014

Sigma-Aldrich Corporation (Nasdaq: SIAL) – FYE 12/2014

Tesoro Corporation (NYSE: TSO) – FYE 12/2014

Valero Energy Corporation (NYSE: VLO) – FYE 12/2014

Western Refining, Inc. (NYSE: WNR) – 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 Rowan Companies at ($1-$2), Contango Oil and Gas at $73-$76, Sigma-Aldrich at $63-$69, Tesoro Corporation at $88-$103, Valero Energy at $84-$90, and Western Refining at $74-$76.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 05/15/2015
The Wax Ink Portfolio was up 0.3% for the week.

By comparison, the Dow was up 0.4%, the Nasdaq was up 0.9%, the S&P 500 was up 0.3%, the Russell 2000 was up 0.7%, and the Volatility Index, commonly known as the VIX, was down 3.7%.

Year to date, the Wax Ink portfolio is down 1.3%, the Dow is up 2.5%, the Nasdaq is up 6.6%, the S&P 500 is up 3.1%, the Russell 2000 is up 3.3%, and the VIX is lower by 9.8%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were chicken grease recycler Darling Ingredients, Inc. (NYSE: DAR), up 11%, tire and rubber king The Goodyear Tire and Rubber Company (NYSE: GT), up 5%, and tire and cylinder maker Worthington Industries, Inc. (NYSE: WOR), up 2%.

Weekly Losers
This week’s portfolio losers were offshore oil rig contractor McDermott International, Inc. (NYSE: MDR), down 13%, trucking company ArcBest Corporation (Nasdaq: ARCB), down 3%, and infrastructure supplier LB Foster Company (Nasdaq: FSTR), down 2%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 8% (up 3% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 46% (down 3% for the week) since being added to the portfolio.

Worksheets
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.

Rudolph Technologies, Inc. (Nasdaq: RTEC) – FYE 12/2014

Swift Energy Company, Inc. (NYSE: SFY) – FYE 12/2014

Imperial Oil Limited (NYSE: IMO) – FYE 12/2014

Nabors Industries Ltd (NYSE: NBR) – FYE 12/2014

Oasis Petroleum, Inc. (NYSE: OAS) – FYE 12/2014

Ultra Petroleum Corporation (NYSE: UPL) – FYE 12/2014

EP Energy Corporation (NYSE: EPE) – 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 Rudolph Technologies at $12-$17, Swift Eneergy at $23-$29, Imperial Oil at $46-$52, Nabors Industries at $38-$43, Oasis Petroleum at $15-$17, Ultra Petroleum at $39-$45, and EP Energy at $69-$79.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 05/08/2015
The Wax Ink Portfolio was up 0.5% for the week.

By comparison, the Dow was up 0.9%, the Nasdaq was unchanged, the S&P 500 was up 0.4%, the Russell 2000 was up 0.6%, and the Volatility Index, commonly known as the VIX, was up 1.3%.

Year to date, the Wax Ink portfolio is down 1.6%, the Dow is up 2.1%, the Nasdaq is up 5.6%, the S&P 500 is up 2.8%, the Russell 2000 is up 2.5%, and the VIX is lower by 6.3%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were refiner HollyFrontier Corporation (NYSE: HFC), up 6%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 4%, and tire and rubber king Goodyear Tire and Rubber Company (NYSE: GT), up 4%.

Weekly Losers
This week’s portfolio losers were cigarette paper maker Schweitzer-Maudit International (NYSE: SWM), down 4%, cylinder maker Worthington Industries (NYSE: WOR), down 2%, and small tool maker LS Starrett (NYSE: SCX), down 1%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 11% (2% for the week) since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 45% (up 28% for the week) since being added to the portfolio.

Worksheets
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.

American Railcar Industries, Inc. (Nasdaq: ARII) – FYE 12/2014

Maxwell Technologies, Inc. (Nasdaq: MXWL) – FYE 12/2014

Rofin-Sinar Technologies, Inc. (Nasdaq: RSTI) – FYE 09/2014

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 American Railcar at $24-$27, Maxwell Technologies at $5-$7, and Rofin-Sinar at $32-$41.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 05/01/2015
The Wax Ink Portfolio was down 0.3% for the week.

By comparison, the Dow was down 0.3%, the Nasdaq was down 1.7%, the S&P 500 was down 0.4%, the Russell 2000 was down 3.1%, and the Volatility Index, commonly known as the VIX, was up 3.3%.

Year to date, the Wax Ink portfolio is down 2.0%, the Dow is up 1.1%, the Nasdaq is up 5.7%, the S&P 500 is up 2.4%, the Russell 2000 is up 1.9%, and the VIX is lower by 7.4%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were offshore rig contractor McDermott International (NYSE: MCD), up 5%, tire and rubber king The Goodyear Tire and Rubber Company (NYSE: GT), up 2%, and maker of everything General Electric (NYSE: GE), up 2%.

Weekly Losers
This week’s portfolio losers were infrastructure supplier LB Foster (Nasdaq: FSTR), down 7%, trucking company ArcBest Corporation (Nasdaq: ARCB), down 5%, and small tool maker LS Starrett (NYSE: SCX), down 5%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 9% since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 57% since being added to the portfolio.

Worksheets
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.

**Apache Corporation (NYSE: APA) – FYE 12/2014

Callon Petroleum Company (NYSE: CPA) – FYE 12/2014

Diamondback Energy, Inc. (Nasdaq: FANG) – FYE 12/2014

Noble Energy, Inc. (NYSE: NBL) – FYE 12/2014

Schlumberger, NV (NYSE: SLB) – FYE 12/2014

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

**Do your homework with this stock!!. I spent several hours with this company’s SEC filings and finally concluded I simply do not believe their financial statements.

This company is roughly 60% the size of ExxonMobil, yet to me, it has financial statements 10 times more complex. So please, be careful with this one!!

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 Apache Corporation at $104-$111, Callon Petroleum at $8-$10, Diamondback Energy at $59-$60, Noble Energy at $39-$45, and Schlumberger at $64-$67.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 04/24/2015
The Wax Ink Portfolio was up 0.7% for the week.

By comparison, the Dow was up 1.4%, the Nasdaq was up 3.2%, the S&P 500 was up 1.8%, the Russell 2000 was up 1.3%, and the Volatility Index, commonly known as the VIX, was down 11.5%.

Year to date, the Wax Ink portfolio is down 1.7%, the Dow is up 1.4%, the Nasdaq is up 7.5%, the S&P 500 is up 2.9%, the Russell 2000 is up 5.2%, and the VIX is lower by 10.4%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were refiner HollyFrontier Corporation (NYSE: HFC), up 5%, trucking company ArcBest Corporation (Nasdaq: ARCB), up 4%, and cylinder maker Worthington Industries (NYSE: WOR), up 3%.

Weekly Losers
This week’s portfolio losers were offshore rig contractor McDermott International (NYSE: MDR), down 3%, maker of all things necessary General Electric (NYSE: GE), down 2%, and ag chemical company Agrium (NYSE: AGU), down 1%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 3% since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 63% since being added to the portfolio.

Worksheets
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.

Chart Industries, Inc. (Nasdaq: GTLS) – FYE 12/2014

Mueller Industries, Inc. (NYSE: MLI) – FYE 12/2014

Energizer Holdings, Inc. (NYSE: ENR) – FYE 09/2014

Reliance Steel and Aluminum Company (NYSE: RS) – FYE 12/2014

Patterson-UTI Energy, Inc. (Nasdaq: PTEN) – 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 Chart Industries at $28-$36, Mueller Industries at $44-$51, Energizer Holdings at $59-$77, Reliance Steel at $68-$73, and Patterson-UTI at $51-$57.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 04/17/2015
The Wax Ink Portfolio was down 0.7% for the week.

By comparison, the Dow was down 1.3%, the Nasdaq was down 1.3%, the S&P 500 was down 1.0%, the Russell 2000 was down 1.0%, and the Volatility Index, commonly known as the VIX, was up 10.4%.

Year to date, the Wax Ink portfolio is down 2.4%, the Dow is up 0.02%, the Nasdaq is up 4.1%, the S&P 500 is up 1.1%, the Russell 2000 is up 3.9%, and the VIX is higher by 1.2%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were offshore contractor McDermott International (NYSE: MDR), up 5%, small tool maker LS Starrett (NYSE: SCX), up 2%, and refiner HollyFrontier (NYSE: HFC), up 1%.

Weekly Losers
This week’s portfolio losers were cylinder maker Worthington Industries (NYSE: WOR), down 5%, maker of all things necessary General Electric (NYSE: GE), down 4%, and paper maker Schweitzer-Maudit International (NYSE: SWM), down 3%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 6% since being added to the portfolio, and municipal construction company Layne Christensen (Nasdaq: LAYN), down 65% since being added to the portfolio.

Worksheets
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.

ExxonMobil Corporation (NYSE: XOM) – FYE 12/2014

Harley-Davidson, Inc. (NYSE: HOG) – FYE 12/2014

Halliburton Company (NYSE: HAL) – FYE 12/2014

Trinity Industries, Inc. (NYSE: TRN) – FYE 12/2014

Valmont Industries, Inc. (NYSE: VMI) – FYE 12/2014

Caterpillar, Inc. (NYSE: CAT) – 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 ExxonMobil at $86-$87, Harley-Davidson at $49-$52, Halliburton at $52-$57, Trinity Industries at $52-$53, Valmont Industriesat $89-$98, and Caterpillar at $64-$65.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 04/10/2015
The Wax Ink Portfolio was up 0.7% for the week.

By comparison, the Dow was up 1.7%, the Nasdaq was up 2.2%, the S&P 500 was up 1.7%, the Russell 2000 was up 0.7%, and the Volatility Index, commonly known as the VIX, was down 14.2%.

Year to date, the Wax Ink portfolio is down 1.7%, the Dow is up 1.3%, the Nasdaq is up 5.5%, the S&P 500 is up 2.1%, the Russell 2000 is up 5.0%, and the VIX is lower by 8.3%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were offshore contractor McDermott International (NYSE: MDR), up 17%, maker of all things General Electric (NYSE: GE), up 14%, and ag chemicals company Agrium (NYSE: AGU), up 2%.

Weekly Losers
This week’s portfolio losers were infrastructure supplier LB Foster (Nasdaq: FSTR), down 5%, small tool maker LS Starrett (NYSE: SCX), down 4%, and helicopter wizard Kaman Corporation (Nasdaq: KAMN), down 1%.

Portfolio Duds
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 67% since being added to the portfolio.

Worksheets
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.

PBF Energy, Inc. (NYSE: PBF) – FYE 12/2014

Hess Corporation (NYSE: HES) – FYE 12/2014

Murphy Oil Corporation (NYSE: MUR) – FYE 12/2014

Phillips 66 (NYSE: PSX) – FYE 12/2014

Alcoa, Inc. (NYSE: AA) – FYE 12/2014

NACCO Industries, Inc. (NYSE: NC) – 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 PBF Energy at $24-$28, Hess Corporation at $94-$102, Murphy Oil Corporation at $96-$108, Phillips 66 at $77-$79, Alcoaat $33-$38, and WR Grace at $38-$40.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 04/03/2015
The Wax Ink Portfolio was up 2.0% for the week.

By comparison, the Dow was up 0.3%, the Nasdaq was down 0.1%, the S&P 500 was up 0.3%, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was down 2.7%.

Year to date, the Wax Ink portfolio is down 2.4%, the Dow is down 0.3%, the Nasdaq is up 3.2%, the S&P 500 is up 0.4%, the Russell 2000 is up 4.2%, and the VIX is higher by 6.9%.

The portfolio breakdown was altered this week as I closed my position in Myers Industries (NYSE: MYE). While I did note a couple of weeks ago that the company has some accounting issues with its Brazilian operations, that news did not enter in to my decision to close my position. I had owned the stock for 12 years, and it was just time to replace it with one that has greater appreciation potential.

Weekly Winners
This week’s portfolio winners were offshore contractor McDermott International (NYSE: MDR), up 15%, cylinder maker Worthington Industries (NYSE: WOR), up 4%, and tire king Goodyear Tire and Rubber Company (NYSE: GT), up 2%.

Weekly Losers
This week’s portfolio losers were refiner HollyFrontier Corporation (NYSE: HFC), down 4%, trucker ArcBest Corporation (Nasdaq: ARCB), down 2%, and ag chemicals company Agrium, Inc. (NYSE: AGU), down 1%.

Portfolio Duds
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 67% since being added to the portfolio.

Worksheets
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.

American Woodmark Corporation (Nasdaq: AMWD) – FYE 04/2014

CARBO Ceramics, Inc. (NYSE: CRR) – FYE 12/2014

Celanese Corporation (NYSE: CE) – FYE 12/2014

E. I. du Pont de Nemours and Company (NYSE: DD) – FYE 12/2014

Quaker Chemical Corporation (NYSE: KWR) – FYE 12/2014

WR Grace and Company (NYSE: GRA) – 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 American Woodmark Corporation at $31-$39, CARBO Ceramics at $40-$47, Celanese Corporation at $32-$41, du Pont at $50-$54, Quaker Chemicalat $59-$64, and WR Grace at $38-$40.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 03/27/2015
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.

Weekly Winners
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%.

Weekly Losers
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%.

Portfolio Duds
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.

Worksheets
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.

Oil States International, Inc. (NYSE: OIS) – FYE 12/2014

National Oilwell Varco, Inc. (NYSE: NOV) – FYE 12/2014

Fastenal Company, Inc. (Nasdaq: FAST) – FYE 12/2014

Olin Corporation (NYSE: OLN) – FYE 12/2014

The Brink’s Company (NYSE: OLN) – FYE 12/2014

Whiting Petroleum Corporation (NYSE: WLL) – 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 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

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 03/20/2015
The Wax Ink Portfolio was up 0.3% for the week.

By comparison, the Dow was up 2.1%, the Nasdaq was up 3.2%, the S&P 500 was down 2.7%, the Russell 2000 was up 2.8%, and the Volatility Index, commonly known as the VIX, was down 18.6%.

Year to date, the Wax Ink portfolio is down 3.8%, the Dow is up 1.7%, the Nasdaq is up 6.1%, the S&P 500 is up 2.4%, the Russell 2000 is up 5.1%, and the VIX is lower by 5.1%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were steel cylinder maker Worthington Industries (NYSE: WOR), up 7%, building materials company Griffon Corporation (NYSE: GFF), up 6%, and refiner HollyFrontier Corporation (NYSE: HFC), up 4%.

Weekly Losers
This week’s portfolio losers were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 8%, container maker Myers Industries (NYSE: MYE), down 6%, and small tool maker LS Starrett (NYSE: SCX), down 5%.

Portfolio Duds
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 71% since being added to the portfolio.

Fair Warning

Myers Industries
On March 16, 2015, Myers Industries notified the SEC that they would not be able to file their FYE 2014 Form 10-K on time. The reason cited was the discovery of accounting irregularities in their Brazilian office.

Layne Christensen
It appears to me that the markets are pricing Layne Christensen for bankruptcy. Indeed there have been any number of folks that have asked me why I have not cut my losses and moved on. I remember the same discussion several years ago regarding Griffon Corporation. At one point I was down almost 50% and I would not sell. Today I am down 3% in that stock. The point is, stuff happens and when it does you either believe in your analysis or you do not.

In my opinion the same thing will, over time, happen for Layne. While I believe management is inept, ignorant would be a better word actually, I don’t believe them to be dishonest. Certainly they have no understanding at all for the economies they serve. And during this time of economic crisis, a crisis of their own making, I would be paying more attention to my business than I would Wall Street were I management, but as I have just said, I now realize just how inept management is. Regardless, it is in my portfolio and it is staying in my portfolio until it recovers to a point that I can sell it for a profit, or becomes worthless.

Opportunity Cost
Lastly, yes, I understand lost opportunity cost. But it has been my experience that the folks that start bringing up opportunity cost have no idea what opportunity costs are, or how they apply. Remember, lost opportunity costs are never known until an investor is no longer invested.

Worksheets
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.

The L.S. Starrett Company (NYSE: SCX) – FYE 06/2014

ArcBest Corporation (Nasdaq: ARCB) – FYE 12/2014

General Electric Company (NYSE: GE) – FYE 09/2014

Penn National Gaming, Inc. (Nasdaq: PENN) – 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 The L.S. Starrett Company at $31-$40, ArcBest Corporation at $37-$45, General Electric at $35-$45, and Penn National Gaming at ($6)-($8).

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 03/13/2015
The Wax Ink Portfolio was down 0.3% for the week.

By comparison, the Dow was down 0.6%, the Nasdaq was down 1.1%, the S&P 500 was down 0.9%, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was up 5.3%.

Year to date, the Wax Ink portfolio is down 4.1%, the Dow is down 0.4%, the Nasdaq is up 2.9%, the S&P 500 is down 0.3%, the Russell 2000 is up 2.3%, and the VIX is higher by 16.6%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were infrastructure supplier LB Foster (Nasdaq: FSTR), up 20%, building materials company Griffon Corporation (NYSE: GFF), up 2%, and trucking company ArcBest Corporation (Nasdaq: ARCB), up 2%.

Weekly Losers
This week’s portfolio losers were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 20%, small tool maker LS Starrett (NYSE: SCX), down 6%, and chicken grease king Darling Ingredients (NYSE: DAR), down 5%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 8% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 68% since being added to the portfolio.

Worksheets
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.

Darling Ingredients (NYSE: DAR) – FYE 12/2014

Schweitzer-Maudit International (NYSE: SWM) – FYE 12/2014

Griffon Corporation (NYSE: GFF) – FYE 09/2014

The Goodyear Tire and Rubber Company (NYSE: GT) – FYE 12/2014

LB Foster Company (Nasdaq: FSTR) – 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 this week for Darling Ingredients at $20-$24, Schweitzer-Maudit International at $42-$49, Griffon Corporation at $11-$17, Goodyear Tire and Rubber at $35-$42, and LB Foster Company at $49-$58.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 03/06/2015
The Wax Ink Portfolio was down 1.7% for the week.

By comparison, the Dow was down 1.5%, the Nasdaq was down 0.7%, the S&P 500 was down 1.6%, the Russell 2000 was down 1.3%, and the Volatility Index, commonly known as the VIX, was up 13.9%.

Year to date, the Wax Ink portfolio is down 3.8%, the Dow is up 0.2%, the Nasdaq is up 4.0%, the S&P 500 is up 0.6%, the Russell 2000 is up 1.1%, and the VIX is higher by 10.8%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were offshore rig contractor McDermott International (NYSE: MDR), up 33%, and cigarette paper maker Schweitzer-Maudit (NYSE: SWM), up 1%.

Weekly Losers
This week’s portfolio losers were infrastructure supplier LB Foster (Nasdaq: FSTR), down 24%, chicken grease king Darling Ingredients (NYSE: DAR), down 15%, and refiner HollyFrontier (NYSE: HFC), down 10%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 60% since being added to the portfolio.

Worksheets
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.

Amphenol Corporation. (NYSE: APH) – FYE 12/2014

Bemis Company (NYSE: BMS) – FYE 12/2014

McDermott International (NYSE: MDR) – FYE 12/2014

Kaman Corporation (Nasdaq: KAMN) – FYE 12/2014

HollyFrontier Corporation (NYSE: HFC) – 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 this week for Amphenol Corporation at $33-$39, Bemis Company at $35-$41, McDermott International at $5-$7, Kaman Corporation at $41-$49, and HollyFrontier Corporation at $49-$59.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

WaxPerformance – Week Ending 02/27/2015
The Wax Ink Portfolio was up 0.6% for the week.

By comparison, the Dow was unchanged, the Nasdaq was up 0.2%, the S&P 500 was down 0.3%, the Russell 2000 was up 0.1%, and the Volatility Index, commonly known as the VIX, was down 6.7%.

Year to date, the Wax Ink portfolio is down 2.2%, the Dow is up 1.7%, the Nasdaq is up 4.8%, the S&P 500 is up 2.2%, the Russell 2000 is up 2.4%, and the VIX is lower by 2.8%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were container maker Myers Industries (NYSE: MYE), up 12%, agricultural chemicals company Agrium (NYSE: AGU), up 7%, and oil refiner HollyFronier Corporation (NYSE: HFC), up 7%.

Weekly Losers
This week’s portfolio losers were municipal services contractor Layne Christensen (Nasdaq: LAYN), down 14%, cylinder maker Worthington Industries (NYSE: WOR), down 13%, and offshore contractor McDermott International (NYSE: MDR), down 6%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 9% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 59% since being added to the portfolio, and McDermott International (NYSE: MDR), down 20% since being added to the portfolio.

Worksheets
Archived worksheets may be download 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.

MRC Global, Inc. (NYSE: MRC) – FYE 12/2014

Anadarko Petroleum Corporation (NYSE: APC) – FYE 12/2014

Chevron Corporation (NYSE: CVX) – FYE 12/2014

Kinder Morgan, Inc. (NYSE: KMI) – FYE 12/2014

Deluxe Corporation (NYSE: DLX) – FYE 12/2014

Superior Uniform Group (NYSE: SGC) – 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 this week for MRC Global at $23-$29, Anadarko Petroleum at $91-$101, Chevron Corporation at $106-$116, Kinder Morgan at $19-$25, Deluxe Corporation at $39-$42, and Superior Uniform Group at $23-$31.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 02/20/2015
The Wax Ink Portfolio was up 0.8% for the week.

By comparison, the Dow was up 0.7%, the Nasdaq was up 1.3%, the S&P 500 was up 0.6%, the Russell 2000 was up 0.7%, and the Volatility Index, commonly known as the VIX, was down 2.7%.

Year to date, the Wax Ink portfolio is down 2.8%, the Dow is up 1.8%, the Nasdaq is up 4.6%, the S&P 500 is up 2.5%, the Russell 2000 is up 2.2%, and the VIX is higher by 4.2%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were specialty paper company Schweiter-Maudit International (NYSE: SWM), up 7%, rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), up 7%, and trucking company ArcBest Corporation (NYSE: ARCB), up 4%.

Weekly Losers
This week’s portfolio losers were municipal services contractor Layne Christensen (Nasdaq: LAYN), down 4%, offshore contractor McDermott International (NYSE: MDR), down 4%, and oil refiner HollyFrontier Corporation (NYSE: HFC), down 2%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 10% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 52% since being added to the portfolio, and McDermott International (NYSE: MDR), down 15% since being added to the portfolio.

Worksheets
Archived worksheets may be download 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.

3D Systems Corporation (NYSE: DDD) – FYE 12/2013

Sprague Resources LP (Nasdaq: SRLP) – FYE 12/2013

Lorillard, Inc. (NYSE: LO) – FYE 12/2013

Lorillard, Inc. (NYSE: LO) – FYE 12/2014

Dawson Geophysical Company (Nasdaq: DWSN) – FYE 09/2014

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Value Alerts
There were no company Value Alerts issued this week.

Research
This is a placeholder for companies I am researching. Please remember that fair research takes time, something I have little of.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 02/13/2015
The Wax Ink Portfolio was up 1.9% for the week.

By comparison, the Dow was up 1.1%, the Nasdaq was up 3.1%, the S&P 500 was up 2.0%, the Russell 2000 was up 1.5%, and the Volatility Index, commonly known as the VIX, was down 15%.

Year to date, the Wax Ink portfolio is down 3.6%, the Dow is up 1.1%, the Nasdaq is up 3.3%, the S&P 500 is down 1.9%, the Russell 2000 is up 1.5%, and the VIX is higher by 7.1%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were specialty paper company Schweiter-Maudit International (NYSE: SWM), up 8%, oil refiner HollyFrontier Corporation (NYSE: HFC), up 8%, and agricultural chemical company Agrium, Inc. (NYSE: AGU), up 3%.

Weekly Losers
This week’s portfolio losers were container maker Myers Industries (NYSE: MYE), down 2%, rail and pipe supplier LB Foster (Nasdaq: FSTR), down 2%, and defense contractor Kaman Corporation (Nasdaq: KAMN), down 1%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 13% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 50% since being added to the portfolio, and McDermott International (NYSE: MDR), down 11% since being added to the portfolio.

Worksheets
Archived worksheets may be download 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.

Hawkins, Inc. (Nasdaq: HWKN) – FYE 03/2014,
Callon Petroleum Company (NYSE: CPE) – FYE 12/2013,
Chevron Corporation (NYSE: CVX) – FYE 12/2013,
Twin Disc, Inc. (Nasdaq: TWIN) – FYE 06/2014,

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Value Alerts
There were no company Value Alerts issued this week.

Research
This is a placeholder for companies I am researching. Please remember that fair research takes time, something I have little of.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 02/06/2015
The Wax Ink Portfolio was up 2.6% for the week.

By comparison, the Dow was up 3.8%, the Nasdaq was up 2.4%, the S&P 500 was up 3.0%, the Russell 2000 was up 3.4%, and the Volatility Index, commonly known as the VIX, was down 17.5%.

Year to date, the Wax Ink portfolio is down 5.4%, the Dow is unchanged, the Nasdaq is up 0.2%, the S&P 500 is down 0.2%, the Russell 2000 is up 0.1%, and the VIX is higher by 26%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

Weekly Winners
This week’s portfolio winners were specialty chemical company WR Grace (NYSE: GRA), up 16%, container maker Myers Industries (NYSE: MYE), up 8%, and refiner HollyFrontier Corporation (NYSE: HFC), up 7%.

Weekly Losers
This week’s portfolio losers were small tool maker The LS Starrett Company (NYSE: SCX), down 8%, and agricultural chemicals company Agrium, Inc. (NYSE: AGU), down 2%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 13% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 53% since being added to the portfolio, and McDermott International (NYSE: MDR), down 13% since being added to the portfolio.

Worksheets
Archived worksheets may be download 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 12/2013,
Murphy USA, Inc. (NYSE: MUSA) – FYE 12/2013,
AK Steel Holding Corporation (NYSE: AKS) – FYE 12/2013,
Pioneer Natural Resources Company (NYSE: PXD) – FYE 12/2013,

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Value Alertswere issued this week for:
There were no company Value Alerts issued this week.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 01/30/2015
The Wax Ink Portfolio was down 0.5% for the week.

By comparison, the Dow was down 2.9%, the Nasdaq was down 2.6%, the S&P 500 was down 2.8%, the Russell 2000 was down 2.0%, and the Volatility Index, commonly known as the VIX, was up 25.9%.

Year to date, the Wax Ink portfolio is down 7.4%, the Dow is down 3.7%, the Nasdaq is down 2.1%, the S&P 500 is down 3.1%, the Russell 2000 is down 3.3%, and the VIX is higher by 52.8%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

For those of you that have asked what is different about the portfolio, please remember that last year I spent the entire year without consideration for cash, meaning cash was not included in the portfolio value. This year I have included the value of the portfolio cash.

Weekly Winners
This week’s portfolio winners were refiner HolleyFrontier Corporation (NYSE: HFC), up 6%, cylinder maker Worthingtion Industries (NYSE: HFC), up 5%, and small tools maker LS Starrett (NYSE: SCX), up 4%.

Weekly Losers
This week’s portfolio losers were trucking company ArcBest Corporation (NYSE: ARCB), down 9%, oilfield and infrastructure supplier LB Foster Company (Nasdaq: FSTR), down 6%, and rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), down 5%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 18% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 49% since being added to the portfolio, and McDermott International (NYSE: MDR), down 28% since being added to the portfolio.

Worksheets
Archived worksheets may be download 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.

AeroVironment, Inc. – (Nasdaq: AVAV) – FYE 04/2014
The Hershey Company – (NYSE: HSY) – FYE 12/2013
Newell Rubbermaid, Inc. – (NYSE: NWL) – FYE 12/2013
Questar Corporation – (NYSE: STR) – FYE 12/2013
Alon USA Energy, Inc. – (NYSE: ALJ) – FYE 12/2013
ConocoPhillips – (NYSE: COP) – FYE 12/2013
Nabors Industries, Ltd. – (NYSE: NBR) – FYE 12/2013
Enco plc – (NYSE: ESV) – FYE 12/2013.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Value Alerts were issued this week for:
There were no company Value Alerts issued this week.

Have a great week.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 01/23/2015
The Wax Ink Portfolio was up 0.8% for the week.

By comparison, the Dow was up 0.9%, the Nasdaq was up 2.7%, the S&P 500 was up 1.5%, the Russell 2000 was up 1.0%, and the Volatility Index, commonly known as the VIX, was down 20.5%.

Year to date, the Wax Ink portfolio is down 7.4%, the Dow is down 0.8%, the Nasdaq is up 0.5%, the S&P 500 is down 0.2%, the Russell 2000 is down 1.3%, and the VIX is higher by 21.4%.

The portfolio breakdown remains roughly 55% cash, 45% equities, and 0% bonds. There was no change to the total number of shares held.

Past Weeks
I was finally able to work through my server issues and am once again up and running. If anyone is interested in the how the portfolio looked for week ending 01/10/2015, you may view or download the portfolio for that week by clicking here, and for those interest in how the portfolio looked for the week ending 01/16/2015, you may download the portfolio for that week by clicking here.

For those of you that have asked what is different about the portfolio, please remember that last year I spent the entire year without consideration for cash, meaning cash was not included in the portfolio value. This year I have included the value of the portfolio cash.

Weekly Winners
This week’s portfolio winners were cylinder maker Worthington Industries (NYSE: WOR), up 11%, refiner HolleyFrontier Corporation (NYSE: HFC), up 10%, and small tools maker LS Starrett (NYSE: SCX), up 8%.

Weekly Losers
This week’s portfolio losers were specialty chemicals company WR Grace and Company (NYSE: GRA), down 3%, trucker ArcBest Corporation (Nasdaq: ARCB), down 3%, and grease recycling king Darling International (NYSE: DAR), down 2%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 24% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 47% since being added to the portfolio, and McDermott International (NYSE: MDR), down 25% since being added to the portfolio.

Worksheets
Worksheets may be downloaded by going to the Worksheets page at the site and selecting an industry.

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 01/02/2015
The Wax Ink Portfolio was down 1.5% for the week.

By comparison, the Dow was down 1.2%, the Nasdaq was down 1.7%, the S&P 500 was down 1.5%, the Russell 2000 was down 1.4%, and the Volatility Index, commonly known as the VIX, was up 22.7%.

Year to date, the Wax Ink portfolio is down 0.0%, the Dow is up 0.1%, the Nasdaq is down 0.2%, the S&P 500 is down 0.0%, the Russell 2000 is down 0.5%, and the VIX is higher by 29.7%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

2014 Results
After adjusting the portfolio for dividends and re-balancing to account for the change in the number of shares held, the Wax Ink portfolio ended 2014 down 2.61%.

By comparison, the Dow ended 2014 up 7.5%, the Nasdaq ended up 13.4%, the S&P 500 ended up 11.4%, the Russell 2000 ended up 3.5%, and the Volatility Index, commonly known as the VIX, ended up 39.9%.

Weekly Winners
This week’s portfolio winners were offshore oil rig contractor McDermott International (NYSE: MDR), up 4%, small tool maker The LS Starrett Company (NYSE: SCX), up 1%, and container maker Myers Industries (NYSE: MYE), up 1%.

Weekly Losers
This week’s portfolio losers were specialty chemicals company WR Grace and Compnay (NYSE: GRA), down 3%, trucking company ArcBest Corporation (Nasdaq: ARCB), down 3%, and we make everything company General Electric (NYSE: GE), down 3%.

Portfolio Duds
The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 26% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 36% since being added to the portfolio, and McDermott International (NYSE: MDR), down 23% since being added to the portfolio.

Worksheets
I continue to update worksheets. Once I get my server repaired I will include a list with the appropriate links in these pages.

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2015 Wax Ink

Performance – Week Ending 12/26/2014
The Wax Ink Portfolio was up 2.2% for the week.

By comparison, the Dow was up 1.4%, the Nasdaq was up 0.9%, the S&P 500 was up 0.9%, the Russell 2000 was up 1.6%, and the Volatility Index, commonly known as the VIX, was down 12.1%.

Year to date, the Wax Ink portfolio is down 12.3%, the Dow is up 8.9%, the Nasdaq is up 15.1%, the S&P 500 is up 13.0%, the Russell 2000 is up 4.4%, and the VIX is higher by 5.7%.

The portfolio breakdown remains roughly 53% cash, 47% equities, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were offshore oilrig contractor McDermott International (NYSE: MDR), up 16%, small tool maker The LS Starrett Company (NYSE: SCX), up 11%, and trucking company ArcBest Corporation (Nasdaq: ARCB), up 7%.

This week’s portfolio losers were cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 1%, chicken grease processor Darling International (NYSE: DAR), down 0.44%, and agricultural chemical company Agrium (NYSE: AGU), down 0.16%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 25% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 35% since being added to the portfolio, and McDermott International (NYSE: MDR), down 26% since being added to the portfolio.

Worksheets were updated this week for:
I am current experiencing a server failure and as a result am unable to upload new and/or revised worksheets. Once I am able to replace the server this feature will continue.

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 12/19/2014
The Wax Ink Portfolio was up 2.9% for the week.

By comparison, the Dow was up 3.0%, the Nasdaq was up 2.4%, the S&P 500 was up 3.4%, the Russell 2000 was up 3.8%, and the Volatility Index, commonly known as the VIX, was down 21.8%.

Year to date, the Wax Ink portfolio is down 14.2%, the Dow is up 7.4%, the Nasdaq is up 14.1%, the S&P 500 is up 12.0%, the Russell 2000 is up 2.8%, and the VIX is higher by 20.2%.

The portfolio breakdown remains roughly 47% equities, 53% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were small tool maker The LS Starrett Company (NYSE: SCX), up 24%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), up 21%, and building materials company Griffon Corporation (NYSE: GFF), up 7%.

This week’s portfolio loser was cylinder maker Worthington Industries (NYSE: WOR), down 15%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 28% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 37% since being added to the portfolio, and McDermott International (NYSE: MDR), down 37% since being added to the portfolio.

Worksheets were updated this week for:
Valero Energy Corporation (NYSE: VLO), Helmerich and Payne, Inc. (NYSE: HP), Atwood Oceanics (NYSE: ATW), and Harley-Davidson, Inc. (NYSE: HOG).

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 12/12/2014
The Wax Ink Portfolio was down 4.5% for the week.

By comparison, the Dow was down 3.8%, the Nasdaq was down 2.7%, the S&P 500 was down 3.5%, the Russell 2000 was down 2.5%, and the Volatility Index, commonly known as the VIX, was up 78.3%.

Year to date, the Wax Ink portfolio is down 16.7%, the Dow is up 4.2%, the Nasdaq is up 11.4%, the S&P 500 is up 8.3%, the Russell 2000 is down 1.0%, and the VIX is higher by 53.6%.

With the sale of Cubist Pharmaceuticals this week, the portfolio breakdown is now 46% equities, 54% cash, and 0% bonds.

This week’s portfolio winner was municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), up 9%.

This week’s portfolio losers were offshore construction contractor McDermott International (NYSE: MDR), down 26%, oil refiner HollyFrontier Corporation (NYSE: SWM), down 6%, and cylinder maker Worthington Industries (NYSE: WOR), down 6%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 33% since being added to the portfolio, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio, and McDermott International (NYSE: MDR), down 38% since being added to the portfolio.

Worksheets were updated this week for:
Anadarko Petroleum Corporation (NYSE: APC), Marathon Oil Corporation (NYSE: MRO), Hess Corporation (NYSE: HES), Tesoro Corporation (NYSE: TSO).

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 12/05/2014

The Wax Ink Portfolio was up 0.6% for the week.

By comparison, the Dow was up 0.7%, the Nasdaq was down 0.2%, the S&P 500 was up 0.4%, the Russell 2000 was op 0.8%, and the Volatility Index, commonly known as the VIX, was down 11.3%.

Year to date, the Wax Ink portfolio is down 7.3%, the Dow is up 8.3%, the Nasdaq is up 14.5%, the S&P 500 is up 12.3%, the Russell 2000 is up 1.6%, and the VIX is lower by 13.8%.

The portfolio breakdown remains roughly 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were infrastructure materials supplier LB Foster (Nasdaq: FSTR), up 8%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), up 6%, container maker Myers Industries (NYSE: MYE), up 4%.

This week’s portfolio losers were offshore construction contractor McDermott International (NYSE: MDR), down 6%, oil refiner HollyFrontier Corporation (NYSE: SWM), down 2%, and We Make Everything company General Electric (NYSE: GE), down 2%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 29% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 52% since being added to the portfolio, and McDermott International (NYSE: MDR), down 15% since being added to the portfolio.

Worksheets were updated this week for:
Mine Safety Appliances Company (NYSE: MSA), Honeywell International (NYSE: HON), Roper Industries, Inc. (NYSE: ROP), Hanesbrands, Inc. (NYSE: HBI), Under Armour, Inc. (NYSE: UA), Caterpillar, Inc. (NYSE: CAT), Under Armour, Inc. (NYSE: UA).

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 11/28/2014
The Wax Ink Portfolio was down 1.2% for the week.

By comparison, the Dow was up 0.1%, the Nasdaq was up 1.7%, the S&P 500 was up 0.2%, the Russell 2000 was op 0.1%, and the Volatility Index, commonly known as the VIX, was up 3.3%.

Year to date, the Wax Ink portfolio is down 7.9%, the Dow is up 7.6%, the Nasdaq is up 14.7%, the S&P 500 is up 11.9%, the Russell 2000 is up 0.8%, and the VIX is lower by 2.8%.

The portfolio breakdown remains roughly 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were small tool maker The LS Starrett Company (NYSE: SCX), up 4%, tire and rubber king Goodyear Tire and Rubber Company (NYSE: GT), up 4%, and tire and drug maker Cubist (Nasdaq: CBST), up 3%.

This week’s portfolio losers were offshore construction contractor McDermott International (NYSE: MDR), down 16%, oil refiner HollyFrontier Corporation (NYSE: SWM), down 8%, and agricultural chemical company Agrium (NYSE: AGU), down 5%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 55% since being added to the portfolio.

Worksheets were updated this week for:
A.O. Smith Corporation (NYSE: AOS), Ingersoll-Rand, plc (NYSE: IR), CR Bard, Inc. (NYSE: BCR), Pentair plc (NYSE: PNR), and Erikson Incorporated (NYSE: EAC).

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 11/21/2014
The Wax Ink Portfolio was up 0.5% for the week.

By comparison, the Dow was up 1.0%, the Nasdaq was up 0.5%, the S&P 500 was up 1.2%, the Russell 2000 was down 0.1%, and the Volatility Index, commonly known as the VIX, was down 3.1%.

Year to date, the Wax Ink portfolio is down 6.7%, the Dow is up 7.4%, the Nasdaq is up 12.8%, the S&P 500 is up 11.6%, the Russell 2000 is up 0.8%, and the VIX is lower by 6.0%.

The portfolio breakdown remains roughly 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were container maker Myers Industries (NYSE: MYE), up 6%, oil refiner HollyFrontier (NYSE: HFC), up 4%, and tire and drug maker Cubist (Nasdaq: CBST), up 4%.

This week’s portfolio losers were infrastructure supplier LB Foster Company (Nasdaq: FSTR), down 6%, cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 5%, and small tool maker The LS Starrett Company (NYSE: SCX), down 5%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 30% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 52% since being added to the portfolio.

Worksheets were updated this week for:
Derma Sciences, Inc. (Nasdaq: DSCI), Delux Corporation. (NYSE: DLX), DepotMed, Inc. (Nasdaq: DEPO), Penn National Gaming, Inc. (Nasdaq: PENN), Mueller Industries, Inc. (NYSE: MLI).

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 11/14/2014
The Wax Ink Portfolio was down 0.2% for the week. By comparison, the Dow was up 0.3%, the Nasdaq was up 1.2%, the S&P 500 was up 0.4%, the Russell 2000 was unchanged, and the Volatility Index, commonly known as the VIX, was up 1.4%.

Year to date, the Wax Ink portfolio is down 7.2%, the Dow is up 6.4%, the Nasdaq is up 12.3%, the S&P 500 is up 10.4%, the Russell 2000 is up 0.9%, and the VIX is lower by 3.0%.

The portfolio breakdown remains roughly 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were trucking company McDermott International (NYSE: MDR), up 6%, agricultural chemicals company Agrium (NYSE: AGU), up 2%, and tire and rubber king Goodyear Tire and Rubber (NYSE: GT), up 2%.

This week’s portfolio losers were crude oil refiner Holly Frontier (NYSE: HFC), down 4%, and infrastructure supplier LB Foster Company (Nasdaq: FSTR), down 2%, and drug maker Cubist Pharmaceuticals (Nasdaq: CBST), down 2%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 29% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 54% since being added to the portfolio.

Worksheets were updated this week for:
Douglas Dynamics, Inc. (Nasdaq: PLOW), The Greenbriar Companies, Inc. (NYSE: GBX), Trinity Industries, Inc. (NYSE: TRN), Lawson Products, Inc. (NYSE: LAWS), Airgas, Inc. (NYSE: ARG), Whole Food Market, Inc. (NYSE: WFM).

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 11/07/2014
The Wax Ink Portfolio was up 0.6% for the week. By comparison, the Dow was up 1.1%, the Nasdaq was unchanged, the S&P 500 was up 0.7%, the Russell 2000 was unchanged, and the Volatility Index, commonly known as the VIX, was down 6.5%.

Year to date, the Wax Ink portfolio is down 7.0%, the Dow is up 6.0%, the Nasdaq is up 10.9%, the S&P 500 is up 9.9%, the Russell 2000 is up 0.8%, and the VIX is lower by 4.4%.

The portfolio breakdown remains roughly 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were trucking company ArcBest Corporation (Nasdaq: ARCB), up 10%, chicken parts collector Darling International, Inc. (NYSE: DAR), up 7%, and offshore construction contractor McDermott International, Inc. (NYSE: MDR), up 5%.

This week’s portfolio losers were aerospace contractor Kaman Corporation (Nasdaq: KAMN), down 4%, and infrastructure supplier LB Foster Company (Nasdaq: FSTR), down 3%, and drug maker Cubist Pharmaceuticals, Inc. (Nasdaq: CBST), down 3%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 30% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 52% since being added to the portfolio.

Worksheets were updated this week for:
Generac Holdings, Inc. (Nasdaq: GNRC), Tennant Company (NYSE: TNC), Clean Harbors, Inc. (NYSE: CLH), Hasbro, Inc. (NYSE: HAS).

Value Alerts were issued this week for:
There were no value alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 10/31/2014
The Wax Ink Portfolio was up 4.9% for the week. By comparison, the Dow was up 3.5%, the Nasdaq was up 3.3%, the S&P 500 was up 2.7%, the Russell 2000 was up 4.9%, and the Volatility Index, commonly known as the VIX, was down 12.9%.

Year to date, the Wax Ink portfolio is down 7.5%, the Dow is up 4.9%, the Nasdaq is up 10.9%, the S&P 500 is up 9.2%, the Russell 2000 is down 0.8%, and the VIX is higher by 2.3%.

The portfolio breakdown remains roughly 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were tire king company The Goodyear Tie and Rubber Company, Inc. (NYSE: GT), up 16%, infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 12%, and municipal/industrial contractor Layne Christensen (Nasdaq: LAYN), up 14%.

This week’s portfolio losers were container maker Myers Industries (NYSE: MYE), down 9%, and offshore construction contractor McDermott International (NYSE: MDR), down 6%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 32% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 54% since being added to the portfolio.

Worksheets were updated this week for:
Crane Company, Inc. (NYSE: CR), Ampco-Pittsburgh Corporation (NYSE: AP), Sonoco Products, Inc. (NYSE: SON), Kraton Performance Polymers, Inc. (NYSE: KRA), Contango Oil and Gas Company (NYSE: MCF), Noble Energy, Inc. (NYSE: NBL), Noble Energy, Inc. (NYSE: NBL).

There were no Value Alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 10/24/2014
The Wax Ink Portfolio was up 5.4% for the week. By comparison, the Dow was up 2.6%, the Nasdaq was up 5.3%, the S&P 500 was up 4.1%, the Russell 2000 was up 3.4%, and the Volatility Index, commonly known as the VIX, was down 24.3%.

Year to date, the Wax Ink portfolio is down 11.9%, the Dow is up 1.4%, the Nasdaq is up 7.4%, the S&P 500 is up 6.3%, the Russell 2000 is down 3.9%, and the VIX is higher by 17.4%.

The portfolio breakdown remains roughly 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were agricultural chemical company Agrium, Inc. (NYSE: AGU), up 12%, cigarette paper maker Schweitez-Maudit International (NYSE: SWM), up 8%, and drug maker Cubist Pharmaceuticals (Nasdaq: CBST), up 8%.

This week’s portfolio losers were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 28%, and chicken parts collector Darling International (NYSE: DAR), down 1%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 36% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 60% since being added to the portfolio.

Worksheets were updated this week for:
Exxo Mobile Corporation (NYSE: XOM), Abaxis, Inc. (Nasdaq: ABAX), EOG Resources, Inc. (NYSE: EOG), and Dover Corporation (NYSE: DOV).

There were no Value Alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 10/17/2014
The Wax Ink Portfolio was up 2.2% for the week. By comparison, the Dow was down 1%, the Nasdaq was down 0.4%, the S&P 500 was down 1%, the Russell 2000 was up 2.8%, and the Volatility Index, commonly known as the VIX, was up 0.2%.

Year to date, the Wax Ink portfolio is down 16.4%, the Dow is down 1.2%, the Nasdaq is up 2%, the S&P 500 is up 2.1%, the Russell 2000 is down 7%, and the VIX is higher by 55.2%.

The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. There was a 3000 share change during the week with the addition of McDermott International (NYSE: MDR) to the portfolio.

This week’s portfolio winners were small tool maker LS Starrett Company (NYSE: SCX), up 7%, infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 6%, and container maker Myers Industries (NYSE: MYE), up 6%.

This week’s portfolio losers were agricultural chemical company Agrium (NYSE: AGU), down 2%, and cigarette paper maker Schweitzer-Maudit International (NYSE: SWM), down 1%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 40% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 45% since being added to the portfolio.

Worksheets were updated this week for:
McDermott International, Inc. (NYSE: MDR), , Helmerich and Payne, Inc. (NYSE: HP), Oceaneering International, Inc. (NYSE: OII), Adams Resources and Energy, Inc. (NYSE: AE), and Core Laboratories NV (Nasdaq: CLB).

There were no Value Alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 10/10/2014
The Wax Ink Portfolio was down 4.8% for the week. By comparison, the Dow was down 2.7%, the Nasdaq was down 4.5%, the S&P 500 was down 3.1%, the Russell 2000 was down 4.7%, and the Volatility Index, commonly known as the VIX, was up 46%.

Year to date, the Wax Ink portfolio is down 13.6%, the Dow is down 0.2%, the Nasdaq is up 2.4%, the S&P 500 is up 3.1%, the Russell 2000 is down 9.5%, and the VIX is higher by 54.8%.

The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio winners were…there were no winners. All stocks ended the week in the red.

This week’s portfolio losers were container maker Myers Industries, Inc. (NYSE: MYE), down 13%, the world’s most ignorantly named trucking company ArcBest Corporation (Nasdaq: ARCB), down 10%, and rubber king Goodyear Tire and Rubber Company (NYSE: GT), down 10%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 40% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio.

Worksheets were updated this week for:
SPX Corporation (NYSE: SPW), FMC Corporation (NYSE: FMC), Air Products and Chemicals, Inc. (NYSE: APD), Sensient Technologies Corporation (NYSE: SXT), Sigma-Aldrich Corporation (Nasdaq: SIAL), Murphy USA, Inc. (NYSE: MUSA), Packaging Corporation of America (NYSE: PKG).

There were no Value Alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 10/03/2014
The Wax Ink Portfolio was down 3.4% for the week. By comparison, the Dow was down 0.6%, the Nasdaq was down 0.8%, the S&P 500 was down 0.8%, the Russell 2000 was down 1.3%, and the Volatility Index, commonly known as the VIX, was down 2%.

Year to date, the Wax Ink portfolio is down 9.3%, the Dow is up 2.6%, the Nasdaq is up 7.2%, the S&P 500 is up 6.5%, the Russell 2000 is down 5.1%, and the VIX is higher by 6%.

The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio pot-o-gold stock was drug maker Cubist Corporation (Nasdaq: CBST), up 2%.

This week’s portfolio green weenie stocks were ag chemical company Agrium, Inc. (NYSE: AGU), down 7%, small tool maker The LS Starrett Company (NYSE: SCX), down 7%, and refiner HollyFrontier Corporation (NYSE: HFC), down 6%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 37% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 43% since being added to the portfolio.

Worksheets were updated this week for:
Gamestop Corporation (NYSE: GME), Helix Energy Solutions Group, Inc. (NYSE: HLX), Bloomin’ Brands, Inc. (Nasdaq: BLMN), ITT Corporation (NYSE: ITT), Methanex Corporation (Nasdaq: MEOH), Murphy USA, Inc. (NYSE: MUSA), and Packaging Corporation of America (NYSE: PKG).

There were no Value Alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 09/26/2014
The Wax Ink Portfolio was down 2.7% for the week. By comparison, the Dow was down 1%, the Nasdaq was down 1.5%, the S&P 500 was down 1.4%, the Russell 2000 was down 2.4%, and the Volatility Index, commonly known as the VIX, was up 22.6%.

Year to date, the Wax Ink portfolio is down 6.1%, the Dow is up 3.2%, the Nasdaq is up 8%, the S&P 500 is up 7.3%, the Russell 2000 is down 3.8%, and the VIX is higher by 8.2%.

The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s portfolio pot-o-gold stocks were the ignorantly named trucking company ArcBest Corporation (Nasdaq: ARCB), up 1%.

This week’s portfolio green weenie stocks were container maker Myers Industries, Inc. (NYSE: MYE), down 5%, cylinder maker Worthington Industries, Inc. (NYSE: WOR), down 5%, and small tool maker The LS Starrett Company (NYSE: SCX), down 5%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 33% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 35% since being added to the portfolio.

Worksheets were updated this week for:
Tupperware Brands Corporation (NYSE: TUP), The Babcock and Wilcox Company (NYSE: BWC), Anixter International, Inc. (NYSE: AXE), Huntington Ingalls Industries, Inc. (NYSE: HII), Brunswick Corporation (NYSE: BC), Cytec Industries, Inc. (NYSE: CYT).

There were no Value Alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 09/12/2014
The Wax Ink Portfolio was down 2.7% for the week. By comparison, the Dow was down 0.9%, the Nasdaq was down 0.3%, the S&P 500 was down 1.1%, the Russell 2000 was down 0.8%, and the Volatility Index, commonly known as the VIX, was up 10.1%.

Year to date, the Wax Ink portfolio is down 3.5%, the Dow is up 2.5%, the Nasdaq is up 9.4%, the S&P 500 is up 7.4%, the Russell 2000 is down 0.3%, and the VIX is lower by 3.0%.

The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were…none. The portfolio had no holdings that moved higher.

This week’s bed pan winners were refiner HollyFrontier Corporation (NYSE: HFC), down 8%, infrastructure company LB Foster Company (Nasdaq: FSTR), down 4%, and rubber king Goodyear Tie and Rubber Company(NYSE: GT), down 2%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 32% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 31% since being added to the portfolio.

Worksheets were updated this week for:
Gentex Corporation (Nasdaq: GNTX), Oshkosh Truck Corporation (NYSE: OSK), WESCO International, Inc. (NYSE: WCC), Chicago Bridge and Iron Company, NV (NYSE: CBI), Albemarle Corporation (NYSE: ALB).

There were no Value Alerts issued.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 09/05/2014
The Wax Ink Portfolio was down 0.4% for the week. By comparison, the Dow was up 0.2%, the Nasdaq was up 0.1%, the S&P 500 was up 0.2%, the Russell 2000 was down 0.4%, and the Volatility Index, commonly known as the VIX, was up 0.9%.

Year to date, the Wax Ink portfolio is down 0.8%, the Dow is up 3.4%, the Nasdaq is up 9.7%, the S&P 500 is up 8.6%, the Russell 2000 is up 0.6%, and the VIX is lower by 11.9%.

The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were cigarette paper maker Schweitzer-Maudit International (NYSE: SWM), up 4%, chicken grease processor Darling International (NYSE: DAR), up 1%, and cylinder maker Worthington Industries (NYSE: WOR), up 1%.

This week’s bed pan winners were small tool maker The LS Starrett Company (NYSE: SCX), down 5%, plastic container maker Myers Industries (NYSE: MYE), down 3%, and rubber king Goodyear Tie and Rubber Company(NYSE: GT), down 3%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 30% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 30% since being added to the portfolio.

Worksheets were updated this week for:
Alliant Techsystems, Inc. (NYSE: ATK), CVR Refining, LP (NYSE: CVRR), Computer Sciences Corporation (NYSE: CSC), and Silgan Holdings, Inc. (Nasdaq: SLGN).

There were no Value Alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 08/29/2014
The Wax Ink Portfolio was up 0.7% for the week. By comparison, the Dow was up 0.6%, the Nasdaq was up 0.9%, the S&P 500 was up 0.8%, the Russell 2000 was up 1.2%, and the Volatility Index, commonly known as the VIX, was up 4.4%.

Year to date, the Wax Ink portfolio is down 0.4%, the Dow is up 3.1%, the Nasdaq is up 9.7%, the S&P 500 is up 8.4%, the Russell 2000 is up 0.9%, and the VIX is lower by 12.7%.

The portfolio breakdown is 50% equities, 50% cash, and 0% bonds. The total number of shares held decreased this week by 4000 with the sale of URS Corporation (NYSE: URS) and International Rectifier Corporation(NYSE: IRF).

This week’s winners were small tool maker The LS Starrett Company(NYSE: SCX), up 6%, drug maker Cubist Corporation (Nasdaq: CBST), up 4%, and round rubber king Goodyear Tire and Rubber Company (NYSE: GT), up 4%.

This week’s punch bowl floaters were stupidly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 3%, refiner HollyFrontier Corporation (NYSE: HFC), down 2%, and chicken parts processor Darling International(NYSE: DAR), down 1%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 28% since being added to the portfolio.

Worksheets were updated this week for:
Greif, Inc. (NYSE: GEF), AutoNation, Inc. (NYSE: AN), Unifirst Corporation (NYSE: UNF), MasTec, Inc. (NYSE: MTZ), Bemis Company (NYSE: BMS), and Rowan Companies plc (NYSE: RDC).

Rounding out the week, a Value Alert was issued for Autonation, Inc. (NYSE: AN).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 08/22/2014
The Wax Ink Portfolio was up 3.9% for the week. By comparison, the Dow was up 2.0%, the Nasdaq was up 1.6%, the S&P 500 was up 1.7%, the Russell 2000 was up 1.6%, and the Volatility Index, commonly known as the VIX, was down 12.8%.

Year to date, the Wax Ink portfolio is up 1.3%, the Dow is up 2.6%, the Nasdaq is up 8.7%, the S&P 500 is up 7.6%, the Russell 2000 is down 0.3%, and the VIX is lower by 16.4%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. The total number of shares held increased this week with addition of 2000 shares of Layne Christensen.

This week’s winners were semiconductor maker International Rectifier Corporation(NYSE: IRF), up 52%, stupidly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), up 7%, and small tool maker LS Starrett Company (NYSE: SCX), up 7%.

This week’s punch bowl floaters were cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 2.0%, chicken parts recycler Darling International (NYSE: DAR), down 0.1%, and steel cylinder maker Worthington Industries(NYSE: WOR), down 0.1%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 28% since being added to the portfolio.

Worksheets were updated this week for:
Snap-On, Inc. (NYSE: SNA), Valmont Industries, Inc. (NYSE: VMI), Actuant Corporation (NYSE: ATU), Sally Beauty Holdings, Inc. (NYSE: SBH), and Olin Corporation (NYSE: OLN).

There were no Value Alerts issued this week.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 08/15/2014
The Wax Ink Portfolio was up 2.0% for the week. By comparison, the Dow was up 0.7%, the Nasdaq was up 2.2%, the S&P 500 was up 1.2%, the Russell 2000 was up 0.9%, and the Volatility Index, commonly known as the VIX, was down 16.6%.

Year to date, the Wax Ink portfolio is down 2.4%, the Dow is up 0.5%, the Nasdaq is up 6.9%, the S&P 500 is up 5.8%, the Russell 2000 is down 1.9%, and the VIX is lower by 4.2%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held. Consideration is currently being given to adding shares to the portfolio for selected issues.

This week’s winners were drug maker Cubist Pharmaceuticals(Nasdaq: CBST), up 4%, semiconductor maker International Rectifier Corporation (NYSE: IRF), up 4%, and infrastructure supply company LB Foster Company (Nasdaq: FSTR), up 3%.

This week’s punch bowl floaters were container maker Myers Industries (NYSE: MYE), down 0.1%, helicopter king Kaman Corporation (Nasdaq: KAMN), down 0.1%, and maker of all things company General Electric(NYSE: GE), down 0.1%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 35% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio.

Worksheets were updated this week for:
Applied Industrial Technologies (NYSE: AIT), Deluxe Corporation (NYSE: DLX), Mentor Graphics Corporation (Nasdaq: MENT), and AGCO Corporation (Nasdaq: AGCO).

Rounding out the week, Value Alerts were issued for Mentor Graphics Corporation.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 08/08/2014
The Wax Ink Portfolio was up 1.9% for the week. By comparison, the Dow was up 0.4%, the Nasdaq was up 0.4%, the S&P 500 was up 0.3%, the Russell 2000 was up 1.5%, and the Volatility Index, commonly known as the VIX, was down 7.4%.

Year to date, the Wax Ink portfolio is down 4.4%, the Dow is down 0.1%, the Nasdaq is up 4.7%, the S&P 500 is up 4.5%, the Russell 2000 is down 2.8%, and the VIX is higher by 14.9%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 9%, refiner HollyFrontier Corporation (NYSE: HFC), up 4%, and small tool maker LS Starrett Company (AMEX: SCX), up 4%.

This week’s punch bowl floaters were newly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 1%, agricultural chemicals maker Agrium, Inc. (NYSE: AGU), down 0.1%, and drug maker Cubist Pharmaceuticals(Nasdaq: CBST), down 0.5%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 37% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 47% since being added to the portfolio.

Worksheets were updated this week for:
Energizer Holdings, Inc. (NYSE: ENR), Plantronics, Inc. (NYSE: PLT), Elbit Systems Ltd. (Nasdaq: ESLT), and Owens Corning (NYSE: OC).

Rounding out the week, Value Alerts were issued for Plantronics, Inc..

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 08/01/2014
The Wax Ink Portfolio was down 4.0% for the week. By comparison, the Dow was down 2.8%, the Nasdaq was down 2.2%, the S&P 500 was down 2.7%, the Russell 2000 was down 2.6%, and the Volatility Index, commonly known as the VIX, was up 34.2%.

Year to date, the Wax Ink portfolio is down 6.2%, the Dow is down 0.5%, the Nasdaq is up 4.2%, the S&P 500 is up 4.2%, the Russell 2000 is down 4.2%, and the VIX is higher by 24.1%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were container maker Myers Industries (NYSE: MYE), up 1%, and refiner HollyFrontier Corporation (NYSE: HFC), up 0.09%.

This week’s punch bowl floaters were newly renamed trucking company ArcBest Corporation (Nasdaq: ARCB), down 20%, tire king Goodyear Tire and Rubber Company (NYSE: GT), down 13%, and small tools maker LS Starrett(AMEX: SCX), down 8%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 42% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 48% since being added to the portfolio.

Worksheets were updated this week for:
Finisar Corporation (Nasdaq: FNSR), Patterson Companies, Inc. (Nasdaq: PDCO), CVR Energy, Inc. (NYSE: CVI), Ashaland, Inc. (NYSE: NCR).

Rounding out the week, Value Alerts were issued this week for Cabot Corporation, and NCR Corporation.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 07/25/2014
The Wax Ink Portfolio was down 1.5% for the week. By comparison, the Dow was down 0.8%, the Nasdaq was up 0.4%, the S&P 500 was up 0.2%, the Russell 2000 was down 0.6%, and the Volatility Index, commonly known as the VIX, was up 5.2%.

Year to date, the Wax Ink portfolio is down 2.3%, the Dow is up 2.3%, the Nasdaq is up 6.4%, the S&P 500 is up 7.0%, the Russell 2000 is down 1.6%, and the VIX is lower by 7.5%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were refiner HollyFrontier Corporation (NYSE: HFC), up 4%, agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 1%, and rubber king Goodyear Tire and Rubber Company (NYSE: GT), up 1%.

This week’s punch bowl floaters were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 10%, pill maker Cubist Corporation (Nasdaq: CBST), down 4%, and maker of almost everything General Electric(NYSE: GE), down 3%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 39% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 46% since being added to the portfolio.

Worksheets were updated this week for:
Reliance Steel and Aluminum Company (NYSE: RS), Cabot Corporation (NYSE: CBT), The Western Union Company (NYSE: WU), NCR Corporation (NYSE: NCR), Ingredion Incorporated (Nasdaq: INGR), and Tidewater, Inc. (NYSE: TDW).

Rounding out the week, Value Alerts were issued this week for NCR Corporation, and Cabot Corporation.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 07/18/2014
The Wax Ink Portfolio was up 1.7% for the week. By comparison, the Dow was up 0.9%, the Nasdaq was up 0.4%, the S&P 500 was up 0.5%, the Russell 2000 was down 0.7%, and the Volatility Index, commonly known as the VIX, was basically unchanged.

Year to date, the Wax Ink portfolio is down 0.8%, the Dow is up 3.2%, the Nasdaq is up 6.1%, the S&P 500 is up 7.0%, the Russell 2000 is down 1.0%, and the VIX is lower by 12.1%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were specialty contractor URS Corporation (NYSE: URS), up 13%, specialty chemicals company WR Grace Company (NYSE: GRA), up 5%, and agricultural chemicals company Agrium, Inc. (NYSE: AGU), up 4%.

This week’s punch bowl floaters were pill maker Cubist Pharmaceuticals, Inc. (Nasdaq: CBST), down 4%, building materials company Griffon Corporation (NYSE: GFF), down 3%, and infrastructure supplier LB Foster Company(Nasdaq: FSTR), down 2%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 38% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 40% since being added to the portfolio.

Worksheets were updated this week for:
Seaboard Corporation (AMEX: SEB), Western Refining, Inc. (NYSE: WNR), Pitney Bowes, Inc. (NYSE: PBI), and Diamond Offshore Drilling, Inc. (NYSE: DO).

Rounding out the week, Value Alerts were issued this week for Seaboard Corporation, and Pitney Bowes, Inc..

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 07/11/2014
The Wax Ink Portfolio was down 3.3% for the week. By comparison, the Dow was down 0.7%, the Nasdaq was down 1.6%, the S&P 500 was down 0.9%, the Russell 2000 was down 4.0%, and the Volatility Index, commonly known as the VIX, was up 17.1%.

Year to date, the Wax Ink portfolio is down 2.4%, the Dow is up 2.2%, the Nasdaq is up 5.7%, the S&P 500 is up 6.4%, the Russell 2000 is down 0.3%, and the VIX is lower by 12.0%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were specialty contractor URS Corporation (NYSE: URS), up 3%, and small tool maker The LS Starrett Company (NYSE: SCX), up 2%.

This week’s punch bowl floaters were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 14%, building materials company Griffon Corporation (NYSE: GFF), down 9%, and cigarette paper maker Schweitzer-Maudit International(NYSE: SWM), down 6%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 36% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 41% since being added to the portfolio.

Worksheets were updated this week for:
Denbury Resources, Inc. (NYSE: DNR), Swift Energy Company (NYSE: SFY), Lear Corporation (NYSE: LEA), The Timken Company (NYSE: TKR), Triumph Group, Inc. (NYSE: TGI), Joy Global, Inc. (NYSE: JOY).

Also, Value Alerts were issued this week for Denbury Resources, Inc., and Baker Hughes.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 07/03/2014
The Wax Ink Portfolio was up 1.8% for the week. By comparison, the Dow was up 1.3%, the Nasdaq was up 2.0%, the S&P 500 was down 1.2%, the Russell 2000 was up 1.6%, and the Volatility Index, commonly known as the VIX, was down 8.3%.

Year to date, the Wax Ink portfolio is up 0.9%, the Dow is up 3.0%, the Nasdaq is up 7.4%, the S&P 500 is up 7.4%, the Russell 2000 is up 1.6%, and the VIX is lower by 24.8%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were specialty contractor URS Corporation (NYSE: URS), up 12%, municipal contractor Layne Christensen Company (Nasdaq: LAYN), up 7%, and infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 4%.

This week’s punch bowl floaters were small tool maker The LS Starrett Company (NYSE: SCX), down 3%, steel cylinder maker Worthington Industries (NYSE: WOR), down 1%, and ag chemicals company Agrium(NYSE: AGU), down 1%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 30% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 32% since being added to the portfolio.

Worksheets were updated this week for:
Transocean Ltd. (NYSE: RIG), Baker Hughes, Inc. (NYSE: BHI), Kodiak Oil and Gas Corporation (NYSE: KOG), Modine Manufacturing Company (NYSE: MOD), and Kinder Morgan, Inc. (NYSE: KMI).

Also, Value Alerts were issued this week for Modine Manufacturing , and Baker Hughes.

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 06/27/2014
The Wax Ink Portfolio was down 1.3% for the week. By comparison, the Dow was down 0.6%, the Nasdaq was up 0.7%, the S&P 500 was down 0.1%, the Russell 2000 was up 1.0%, and the Volatility Index, commonly known as the VIX, was up 3.8%.

Year to date, the Wax Ink portfolio is down 0.9%, the Dow is up 1.7%, the Nasdaq is up 5.3%, the S&P 500 is up 6.1%, the Russell 2000 is up 2.2%, and the VIX is lower by 17.9%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were infrastructure wholesaler L.B. Foster Company (Nasdaq: FSTR), up 3%, cylinder maker Worthington Industries (NYSE: WOR), up 2%, and industrial distributor Kaman Corporation (Nasdaq: KAMN), up 1%.

This week’s punch bowl floaters were refiner HollyFrontier Corporation (NYSE: HFC), down 11%, government contractor Layne Christensen Company (Nasdaq: LAYN), down 4%, and drug kingpin Cubist Pharmaceuticals(Nasdaq: CBST), down 4%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 36% since being added to the portfolio.

Worksheets were updated this week for:
Peabody Energy Corporation (NYSE: BTU), Celanese Corporation (NYSE: CE), and World Fuel Services Corporation (NYSE: INT).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 06/20/2014
The Wax Ink Portfolio was up 2.2% for the week. By comparison, the Dow was up 1.0%, the Nasdaq was up 1.3%, the S&P 500 was up 1.4%, the Russell 2000 was up 2.2%, and the Volatility Index, commonly known as the VIX, was down 10.9%.

Year to date, the Wax Ink portfolio is up 0.5%, the Dow is up 2.2%, the Nasdaq is up 4.6%, the S&P 500 is up 6.2%, the Russell 2000 is up 2.1%, and the VIX is lower by 20.9%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were tire maker The Goodyear Tire and Rubber Company (NYSE: GT), up 6%,refiner HollyFrontier Corporation (NYSE: HFC), up 5%, and drug maker Cubist Pharmaceuticals (Nasdaq: CBST), up 5%.

This week’s punch bowl floaters were muncipal contractor Layne Christensen (Nasdaq: LAYN), down 9%, government contractor URS Corporation (NYSE: URS), unchanged, and conglomerate General Electric(NYSE: GE), unchanged.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 32% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 34% since being added to the portfolio.

Worksheets were updated this week for:
RigNet, Inc. (Nasdaq: RNET), Oil States International, Inc. (NYSE: OIS), Orion Marine Group, Inc. (NYSE: ORN), Dynamic Materials Corporation (Nasdaq: BOOM), Unit Corporation (NYSE: UNT), and Harsco Corporation (NYSE: HSC).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 06/13/2014
The Wax Ink Portfolio was down 1.1% for the week. By comparison, the Dow was down 0.9%, the Nasdaq was down 0.2%, the S&P 500 was down 0.7%, the Russell 2000 was down 0.2%, and the Volatility Index, commonly known as the VIX, was op 13.5%.

Year to date, the Wax Ink portfolio is down 1.7%, the Dow is up 1.2%, the Nasdaq is up 3.5%, the S&P 500 is up 4.8%, the Russell 2000 is down 0.1%, and the VIX is lower by 11.2%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.

This week’s winners were specialty chemical company W.R. Grace and Company (NYSE: GRA), up 2%, semiconductor maker International Recifier Corporation (NYSE: IRF), up 2%, and chicken grease king Darling International (NYSE: DAR), up 1%.

This week’s punch bowl floaters were new reenamed trucker ArcBest Corporation (Nasdaq: ARBC), down 5%, container maker Myers Industries (NYSE: MYE), down 4%, and helicopter parts maker Kaman Corporation(Nasdaq: KAMN), down 4%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 33% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 27% since being added to the portfolio.

Worksheets were updated this week for:
Superior Industries International (NYSE: SUP), AECOM Technology Corporation (NYSE: ACM), Forward Air Corporation (Nasdaq: FWRD), Quaker Chemical Corporation (NYSE: KWR), KMG Chemicals, Inc. (NYSE: KMG), Scholastic Corporation (Nasdaq: SCHL), Adams Resources and Energy, Inc. (NYSE: AE).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 06/06/2014
The Wax Ink Portfolio was up 0.5% for the week. By comparison, the Dow was up 1.2%, the Nasdaq was up 1.9%, the S&P 500 was up 1.3%, the Russell 2000 was up 2.7%, and the Volatility Index, commonly known as the VIX, was down 5.9%.

Year to date, the Wax Ink portfolio is down 0.6%, the Dow is up 2.1%, the Nasdaq is up 3.5%, the S&P 500 is up 5.5%, the Russell 2000 is up 0.1%, and the VIX is lower by 21.8%.

The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was a change to the total number of shares held with the close of the Dorman Products position.

This week’s winners were newly renamed trucker ArcBest Corporation (Nasdaq: ARBC), up 5%, drug maker Cubist Pharmaceuticals (Nasdaq: CBST), up 5%, and cylinder maker Worthington Industries (NYSE: WOR), up 4%.

This week’s punch bowl floaters were rubber and plastic container maker Myers Industries (NYSE: MYE), down 4%, refiner HollyFrontier Corporation (NYSE: HFC), down 3%, and small tool maker The LS Starrett Company(NYSE: SCX), down 2%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 32% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 25% since being added to the portfolio.

Worksheets were updated this week for:
Gentherm Incorporated (Nasdaq: THRM), Koninklijke Philips Electronics N.V. (NYSE: PHG), Cooper Tire and Rubber Company (NYSE: CTB), Forest Laboratories, Inc. (NYSE: FRX), Jabil Circuit, Inc. (NYSE: JBL), Rofin-Sinar Technolgies, Inc. (Nasdaq: RSTI), and Apple, Inc. (Nasdaq: AAPL).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 05/30/2014
The Wax Ink Portfolio was up 0.3% for the week. By comparison, the Dow was up 0.7%, the Nasdaq was up 1.4%, the S&P 500 was up 1.2%, the Russell 2000 was up 0.7%, and the Volatility Index, commonly known as the VIX, was down 0.4%.

Year to date, the Wax Ink portfolio is down 1.2%, the Dow is up 0.8%, the Nasdaq is up 1.6%, the S&P 500 is up 4.1%, the Russell 2000 is down 2.5%, and the VIX is lower by 16.9%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 3%, pharmaceutical company Cubist Pharmaceuticals (Nasdaq: CBST), up 3%, and rubber and tire king The Goodyear Tire and Rubber Company (NYSE: GT), up 3%.

This week’s punch bowl floaters were small tool maker The LS Starrett Company (NYSE: SCX), down 4%, after market auto parts company Dorman Products (Nasdaq: DORM), down 2%, and cigarette paper maker Schweiter-Maudit International(NYSE: SWM), down 2%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 35% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 25% since being added to the portfolio.

Worksheets were updated this week for:
Ultra Petroleum Corporation (NYSE: UPL), McDermott International, Inc. (NYSE: MDR), Dawson Geophysical Company (Nasdaq: DWSN), Matrix Service Company. (Nasdaq: MTRX), Sanchez Energy Corporation (NYSE: SN), Aegion Corporation (Nasdaq: AEGN), and National Oilwell Varco, Inc. (NYSE: NOV).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 05/23/2014
The Wax Ink Portfolio was up 0.9% for the week. By comparison, the Dow was up 0.7%, the Nasdaq was up 2.3%, the S&P 500 was up 1.2%, the Russell 2000 was up 2.1%, and the Volatility Index, commonly known as the VIX, was down 8.7%.

Year to date, the Wax Ink portfolio is down 1.5%, the Dow is up 0.2%, the Nasdaq is up 0.2%, the S&P 500 is up 2.8%, the Russell 2000 is down 3.2%, and the VIX is lower by 17.2%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were cylinder maker Worthington Industries, Inc. (NYSE: WOR), up 5%, building materials company Griffon Corporation (NYSE: GFF), up 5%, and infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 4%.

This week’s punch bowl floaters were chicken grease collector Darling International (NYSE: DAR), down 2%, refiner Holly Frontier (NYSE: HFC), down 2%, and drug maker Cubist Pharmaceuticals(Nasdaq: CBST), down 2%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 35% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 25% since being added to the portfolio.

Worksheets were updated this week for:
Integra Life Sciences Holding Corporation (Nasdaq: IART), NACCO Industries, Inc. (NYSE: NC), EnPro Industries, Inc. (NYSE: NPO), The Dixie Group, Inc. (Nasdaq: DXYN), and Diamond Offshore Drilling, Inc. (NYSE: DO).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 05/16/2014
The Wax Ink Portfolio was down 0.1% for the week. By comparison, the Dow was down 0.6%, the Nasdaq was up 0.5%, the S&P 500 was unchanged, the Russell 2000 was down 0.4%, and the Volatility Index, commonly known as the VIX, was down 3.7%.

Year to date, the Wax Ink portfolio is down 2.4%, the Dow is down 0.5%, the Nasdaq is down 2.1%, the S&P 500 is up 1.6%, the Russell 2000 is down 5.2%, and the VIX is lower by 9.3%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were were small tool maker The LS Starett Company (NYSE: SCX), up 12%, container manufacturer Myers Industries (NYSE: MYE), up 6%, and cylinder maker Worthington Industries, Inc. (NYSE: WOR), up 3%.

This week’s punch bowl floaters engineering and technical services contractor URS Corporation (NYSE: URS), down 7%, chicken grease collector Darling International (NYSE: DAR), down 4%, and after market auto parts maker Dorman Products(Nasdaq: DORM), down 3%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 38% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 26% since being added to the portfolio.

Worksheets were updated this week for:
Transocean, Ltd. (NYSE: RIG), Attwood Oceanics (NYSE: ATW), E. I. du Pont de Nemours and Company (NYSE: DD), Watts Water Technologies, Inc. (NYSE: WTS), Vertex Energy, Inc. (Nasdaq: VTNR), Xerium Technologies, Inc. (NYSE: XRM), Gulf Island Fabricators, Inc. (Nasdaq: GIFI).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 05/09/2014
The Wax Ink Portfolio was down 2.3% for the week. By comparison, the Dow was up 0.4%, the Nasdaq was down 1.3%, the S&P 500 was down 0.1%, the Russell 2000 was down 1.9%, and the Volatility Index, commonly known as the VIX, was up 0.1%.

Year to date, the Wax Ink portfolio is down 2.3%, the Dow is unchanged, the Nasdaq is down 2.5%, the S&P 500 is up 1.6%, the Russell 2000 is down 4.8%, and the VIX is lower by 5.8%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were container maker Myers Industries (NYSE: MYE), up 6%, chicken grease collector Darling International (NYSE: DAR), up 3%, and semiconductor maker International Rectifier (NYSE: IRF), up 2%.

This week’s turds in the punch bowl were small tool maker The LS Starett Company (NYSE: SCX), down 7%, after market auto parts maker Dorman Products (Nasdaq: DORM), down 6%, and drug maker Cubist Pharmaceutials (Nasdaq: CBST), down 6%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 37% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 25% since being added to the portfolio.

Worksheets were updated this week for:
Gilead Sciences, Inc. (Nasdaq: GILD), Aceto Corporation (Nasdaq: ACET), International Game Technology (NYSE: IGT), Diamondback Energy, Inc. (Nasdaq: FANG), Kansas City Southern (NYSE: KSU), Alcoa, Inc. (NYSE: AA), WPX Energy, Inc. (NYSE: WPX), Heska Corporation (Nasdaq: HSKA), Superior Energy Services, Inc. (NYSE: SPN).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 05/02/2014
The Wax Ink Portfolio was up 1.2% for the week. By comparison, the Dow was up 0.9%, the Nasdaq was up 1.2%, the S&P 500 was up 1.0%, the Russell 2000 was up 0.5%, and the Volatility Index, commonly known as the VIX, was down 8.2%.

Year to date, the Wax Ink portfolio is unchanged, the Dow is down 0.4%, the Nasdaq is down 1.3%, the S&P 500 is up 1.8%, the Russell 2000 is down 3.0%, and the VIX is lower by 5.9%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were drug maker Cubist Pharmaceuticals (Nasdaq: CBST), up 14%, building materials company Griffon Corporation (NYSE: GFF), up 7%, and industrial/aerospace parts maker Kaman Corporation (NYSE: KAMN), up 4%.

This week’s losers were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 10%, rubber and tire company maker The Goodyear Tire and Rubber Company (NYSE: GT), down 8%, and container maker Myers Industries (NYSE: MYE), down 6%.

The portfolio’s worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 36% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 23% since being added to the portfolio.

Worksheets were updated this week for:
Snyder-Lance, Inc. (Nasdaq: LNCE), Monster Beverage Corporation (Nasdaq: MNST), Bristol-Myers Squibb Company (NYSE: BMY), Cambrex Corporation (NYSE: CBM), Basic Energy Services, Inc. (NYSE: BAS), Schlumberger Ltd. (NYSE: SLB), Haliburton Company (Nasdaq: HAL), Key Energy Services, Inc. (NYSE: KEG).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 04/25/2014
The Wax Ink Portfolio was down 1.8% for the week. By comparison, the Dow was down 0.3%, the Nasdaq was down 0.5%, the S&P 500 was down 0.1%, the Russell 2000 was down 1.3%, and the Volatility Index, commonly known as the VIX, was up 5.2%.

Year to date, the Wax Ink portfolio is down 1.2%, the Dow is down 1.3%, the Nasdaq is down 2.4%, the S&P 500 is up 0.8%, the Russell 2000 is down 3.5%, and the VIX is higer by 2.5%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were cigarette paper maker Schweiter-Maudit International (NYSE: SWM), up 3%, refiner HollyFrontier Corporation (NYSE: HFC), up 2%, and rubber and tire king The Goodyear Tire and Rubber Company (NYSE: GT), up 2%.

This week’s losers were rubber and plastic container maker Myers Industries (NYSE: MYE), down 18%, specialty chemical maker W.R. Grace and Company (NYSE: GRA), down 7%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 4%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 40% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 15% since being added to the portfolio.

Worksheets were updated this week for:
L.B. Foster Company (Nasdaq: FSTR), Cubist Pharmaceuticals (Nasdaq: CBST), URS Corporation (NYSE: URS), General Electric Company (NYSE: GE), The Goodyear Tire and Rubber Company (NYSE: GT), International Rectifier Corporation (NYSE: IRF), WABCO Holdings, Inc. (NYSE: WBC), Albany International Corporation (NYSE: AIN), and Approach Resources, Inc. (Nasdaq: AREX).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 04/18/2014
The Wax Ink Portfolio was up 3.2% for the week. By comparison, the Dow was up 2.4%, the Nasdaq was up 2.4%, the S&P 500 was up 2.7%, the Russell 2000 was up 2.4%, and the Volatility Index, commonly known as the VIX, was down 21.6%.

Year to date, the Wax Ink portfolio is down 0.6%, the Dow is down 1.0%, the Nasdaq is down 1.9%, the S&P 500 is down 0.9%, the Russell 2000 is down 2.2%, and the VIX is lower by 2.6%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were refiner HollyFrontier Corporation (NYSE: HFC), up 10%, rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), up 7%, and rubber and plastic container maker Myers Industries (NYSE: MYE), up 6%.

This week’s losers were muncipal and heavy construction contractor Layne Christensen (Nasdaq: LAYN), down 3%, and small tools maker The L.S. Starrett Company (NYSE: SCX), down 1%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 38% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 12% since being added to the portfolio.

Worksheets were updated this week for:
Myers Industries (NYSE: MYE), Dorman Products (Nasdaq: DORM), W.R. Grace and Company (NYSE: GRA), Darling International (NYSE: DAR), Worthington Industries (NYSE: WOR), Agrium, Inc. (NYSE: AGU), Schweitzer-Mauduit International (NYSE: SWM), Griffon Corporation (NYSE: GFF), Arkansas Best Corporation (Nasdaq: ABFS), Kaman Corporation (Nasdaq: KAMN), HollyFrontier Corporation (NYSE: HFC), The L.S. Starrett Company (NYSE: SCX).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 04/11/2014
The Wax Ink Portfolio was down 3.1% for the week. By comparison, the Dow was down 2.4%, the Nasdaq was down 3.1%, the S&P 500 was down 2.6%, the Russell 2000 was down 3.6%, and the Volatility Index, commonly known as the VIX, was up 22.0%.

Year to date, the Wax Ink portfolio is down 2.5%, the Dow is down 3.3%, the Nasdaq is down 4.2%, the S&P 500 is down 1.8%, the Russell 2000 is down 4.5%, and the VIX is higher by 24.1%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were rubber and plastics container maker Myers Indudstries (NYSE: MYE), up 10%, rail, piling, and tubular products maker LB Foster (Nasdaq: FSTR), up 2%, and municipal and heavy construction contractor Layne Christensen (Nasdaq: LAYN), up 0.3%.

This week’s losers were steel cylinder maker Worthingtion Industries (NYSE: WOR), down 8%, drug maker Cubist Corporation (Nasdaq: CBST), down 8%, and cigarette paper king Schweitzer-Maudit International (NYSE: SWM), down 5%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 38% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 9% since being added to the portfolio.

Worksheets were updated this week for:
Avon Products (NYSE: AVP), Ecolab, Inc. (NYSE: ECL), Spartan Motors (Nasdaq: SPAR), Supreme Industries (NYSE: STS), Wabash National Corporation (NYSE: WNC), and BorgWarner, Inc. (NYSE: BWA).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 04/04/2014
The Wax Ink Portfolio was up 0.8% for the week. By comparison, the Dow was up 0.5%, the Nasdaq was down 0.7%, the S&P 500 was up 0.4%, the Russell 2000 was up 0.1%, and the Volatility Index, commonly known as the VIX, was down 3.1%.

Year to date, the Wax Ink portfolio is up 0.6%, the Dow is down 1.0%, the Nasdaq is down 1.2%, the S&P 500 is up 0.9%, the Russell 2000 is down 0.9%, and the VIX is higher by 1.7%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were grease and chicken parts collection company Darling International (NYSE: DAR), up 7%, rubber and plastics container maker Myers Industries (NYSE: MYE), up 6%, and trucking company Arkansas Best Corporation (Nasdaq: ABFS), up 5%.

This week’s losers were agricultural chemicals company Agrium (NYSE: AGU), down 2%, drug maker Cubist Corporation (Nasdaq: CBST), down 2%, and rubber and tire king Goodyear Tire and Rubber Company (NYSE: GT), down 1%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 35% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 10% since being added to the portfolio.

Worksheets were updated this week for: Carters, Inc. (NYSE: CRI), Superior Uniform Group, Inc. (NYSE: SGC), Deckers Outdoor Corporation (Nasdaq: DECK), and Tredgear Corporation (Nasdaq: TG).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 03/28/2014
The Wax Ink Portfolio was down 1.2% for the week. By comparison, the Dow was up 0.1%, the Nasdaq was down 2.8%, the S&P 500 was down 0.5%, the Russell 2000 was down 3.5%, and the Volatility Index, commonly known as the VIX, was down 3.9%.

Year to date, the Wax Ink portfolio is down 0.2%, the Dow is down 1.5%, the Nasdaq is down 0.5%, the S&P 500 is up 0.5%, the Russell 2000 is down 1.0%, and the VIX is higher by 5.0%.

The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. During the course of the week, I closed my position in AAR Corporation (NYSE: AIR), having owned the stock 4513 days. The gain, net of all fees, was 241%.

This week’s winners were agricultural chemical company Agrium, Inc. (NYSE: AGU), up 3%, lots of stuff maker General Electric (NYSE: GE), up 2%, and technical services company URS Corporation (NYSE: URS), up 0.15%.

This week’s losers were cylinder maker Worthington Industries, Inc. (NYSE: WOR), down 10%, drug maker Cubist Corporation (Nasdaq: CBST), down 7%, and trucking company Arkansas Best Corporation (Nasdaq: ABFS), down 5%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 34% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 13% since being added to the portfolio.

Worksheets were updated this week for: Gilbraltar Industries, Inc. (Nasdaq: ROCK), Olympic Steel, Inc. (Nasdaq: ZUES), and Arch Coal, Inc. (NYSE: ACI).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 03/21/2014
The Wax Ink Portfolio was up 0.8% for the week. By comparison, the Dow was up 1.5%, the Nasdaq was up 0.7%, the S&P 500 was up 1.4%, the Russell 2000 was up 1.0%, and the Volatility Index, commonly known as the VIX, decreased by 15.8%.

Year to date, the Wax Ink portfolio is up 1.0%, the Dow is down 1.7%, the Nasdaq is up 2.4%, the S&P 500 is up 1.0%, the Russell 2000 is up 2.6%, and the VIX is higher by 9.3%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were trucking company Arkansas Best Corporation (Nasdaq: ABFS), up 5%, small tool maker The L.S. Starrett Company (NYSE: SCX), up 5%, and cylinder maker Worthington Industries (NYSE: WOR), up 4%.

This week’s losers were aircraft repair company AAR Corporation (NYSE: AIR), down 6%, restaurant grease collection company Darling International (NYSE: DAR), down 1%, and cigarette paper maker Schweitzer-Maudit International (NYSE: SWM), down 1%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 11% since being added to the portfolio.

Worksheets were updated this week for: Continental Resources, Inc. (NYSE: CTL) CARBO Ceramics, Inc. (NYSE: CRR), and Exterran Holdings, Inc. (NYSE: EXH).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 03/14/2014
The Wax Ink Portfolio declined 2.3% for the week. By comparison, the Dow was 2.4% lower, the Nasdaq was 2.1% lower, the S&P 500 was 2.0% lower, the Russell 2000 was down 1.8%, and the Volatility Index, commonly known as the VIX, increased by 26.3%.

Year to date, the Wax Ink portfolio is up 0.2%, the Dow is down 3.1%, the Nasdaq is up 1.6%, the S&P 500 is down 0.4%, the Russell 2000 is up 1.5%, and the VIX is higher by 29.9%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were refiner HollyFrontier Corporation (NYSE: HFC), up 5%, and helicopter company Kaman Corporation (Nasdaq: KAMN), up 1%.

This week’s losers were small tool maker The L.S. Starrett Company (NYSE: SCX), down 13%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 6%, and semiconductor maker International Rectifier Corporation (NYSE: IRF), down 4%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 32% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 14% since being added to the portfolio.

Worksheets were updated this week for Gordman’s Stores, Inc. (Nasdaq: GMAN), Williams-Sonoma, Inc., (NYSE: WSM), Pep Boys (NYSE: PBY), Dick’s Sporting Goods, Inc. (NYSE: DKS), Hibbett Sports, Inc. (Nasdaq: HIBB), Tiffany and Company, Inc. (NYSE: TIF), Coldwater Creek, Inc. (Nasdaq: CWTR), Francesca’s Holding Corporation (Nasdaq: FRAN), Staples, Inc. (Nasdaq: SPLS), Tech Data Corporation (Nasdaq: TECD), Mitcham Industries, Inc. (Nasdaq: MIND), Ulta Salon Cosmetics and Fragrance, Inc. (Nasdaq: ULTA), Sea Change International, Inc. (Nasdaq: SEAC), Sigma Designs, Inc. (Nasdaq: SIGM), and Semtech Corporation (Nasdaq: SMTC).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access the worksheets for this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 03/07/2014
The Wax Ink Portfolio was increased 2.1% for the week. By comparison, the Dow was 0.8% higher, the Nasdaq was 0.7% higher, the S&P 500 was 1.0% higher, the Russell 2000 was up 1.7%, and the Volatility Index, commonly known as the VIX, increased by 0.8%.

Year to date, the Wax Ink portfolio is up 2.6%, the Dow is down 0.7%, the Nasdaq is up 3.8%, the S&P 500 is up 1.6%, the Russell 2000 is up 3.4%, and the VIX is higher by 2.8%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were trucking company Arkansas Best Corporation (Nasdaq: ABFS), up 12%, airplane repair company AAR Corporation (NYSE: AIR), up 7%. and refiner Holly Frontier Corporation (NYSE: HFC), up 4%.

This week’s losers were cigarette paper maker Schweitzer-Maudit International, Inc. (NYSE: SWM), down 5%, container maker Myers Industries, Inc. (NYSE: MYE), down 3%, and drug company Cubist Pharmaceuticals, Inc. (Nasdaq: CBST), down 3%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 29% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 9% since being added to the portfolio.

Worksheets were updated this week for New York and Company, Inc. (NYSE: NWY), Ross Stores, Inc. (Nasdaq: ROST), Shoe Carnival, Inc. (Nasdaq: SCVL), SteinMart, Inc. (Nasdaq: SMRT), The Buckle, Inc. (NYSE: BKE), The Cato Corporation (Nasdaq: CATO), The Children’s Place Retail Stores, Inc. (Nasdaq: PLCE), The Men’s Warehouse, Inc. (NYSE: MW), The Wet Seal, Inc. (Nasdaq: WTSL), Zumies, Inc. (Nasdaq: ZUMZ), J.C. Penny Company, Inc. (NYSE: JCP), The Bon-Ton Stores, Inc. (Nasdaq: BONT), Big Lots, Inc. (NYSE: BIG), Dollar General Corporation (NYSE: DG), Fred’s, Inc. (Nasdaq: FRED), The Kroger Company, Inc. (NYSE: KR), Conn’s, Inc. (Nasdaq: CONN),Lowe’s Companies, Inc. (NYSE: LOW).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access the worksheets for this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 02/28/2014
The Wax Ink Portfolio was up 2.4% for the week. By comparison, the Dow was up 1.4%, the Nasdaq was up 1%, the S&P 500 was up 1.3%, the Russell 2000 was up 1.6%, and the Volatility Index, commonly known as the VIX, decreased by 4.4%.

Year to date, the Wax Ink portfolio is up 0.5%, the Dow is down 1.5%, the Nasdaq is up 3.1%, the S&P 500 is up 0.6%, the Russell 2000 is up 1.7%, and the VIX is higher by 2%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s winners were container maker Myers Industries, Inc. (NYSE: MYE), up 9%, pipe, rail, and piling company L.B. Foster (Nasdaq: FSTR), up 9%, and airplane repair company AAR Corporation (NYSE: AIR), up 6%.

This week’s losers were garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 1%, refiner Holly Frontier Corporation (NYSE: HFC), down 1%, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 1%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 13% since being added to the portfolio.

Worksheets were updated this week for G-III Apparel Group, Ltd.. (Nasdaq: GIII), lulumon athletica, inc. (Nasdaq: LULU), Oxford Industries, Inc. (NYSE: OXM), Perry Ellis International, Inc. (Nasdaq: PERY), Phillips Van Husen Corporation (NYSE: PVH), Brown Shoe Company, Inc. (NYSE: BWS), Vera Bradley, Inc. (NYSE: VRA), Krispy Kreme Doughnuts (NYSE: KKD), Pandora Media, Inc. (NYSE: P), Aeropostale, Inc. (NYSE: ARO), American Eagle Outfitters, Inc. (NYSE: AEO), Ann, Inc. (NYSE: ANN), Destination XL Group, Inc. (Nasdaq: DXLG), Citi Trends, Inc. (Nasdaq: CTRN), DSW, Inc. (NYSE: DSW), Express, Inc. (Nasdaq: EXPR), Foot Locker, Inc. (NYSE: FL), Genesco, Inc. (NYSE: GCO), Guess?, Inc. (NYSE: GES), Jos. A. Bank Clothiers, Inc. (Nasdaq: JOSB).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access the worksheets for this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 02/21/2014
The Wax Ink Portfolio was up 1.8% for the week. By comparison, the Dow was down 0.3%, the Nasdaq was up 0.5%, the S&P 500 was down 0.1%, the Russell 2000 was up 1.3%, and the Volatility Index, commonly known as the VIX, increased by 8%.

Year to date, the Wax Ink portfolio is down 1.9%, the Dow is down 2.9%, the Nasdaq is up 2.1%, the S&P 500 is down 0.7%, the Russell 2000 is up 0.1%, and the VIX is higher by 6.8%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s darlings of the portfolio were after market auto parts maker Dorman Products (Nasdaq: DORM), up 7%, drug maker Cubist Pharmaceuticals (Nasdaq: CBST), up 6%, and technical and government services contractor URS Corporation (NYSE: URS), up 6%.

This week’s portfolio stinkers were maker of lots of stuff General Electric Company (NYSE: GE), down 3%, pipe, rail, and piling company L.B. Foster (Nasdaq: FSTR), down 2%, and steel cylinder maker Worthington Industries (NYSE: WOR), down 2%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 12% since being added to the portfolio.

Worksheets were updated this week for Nordstrom, Inc. (NYSE: JWN), Kohl’s Corporation (NYSE: KSS), The TJX Companies, Inc. (NYSE: TJX), Target Corporation (NYSE: TGT), Wal-Mart Stores, Inc. (NYSE: WMT), Titan Machinery, Inc. (Nasdaq: TITN), Verint Systems, Inc. (Nasdaq: VRNT), and Raven Industries, Inc. (Nasdaq: RAVN).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access the worksheets for this post, click on the associated company name.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 02/14/2014
The Wax Ink Portfolio was up 2.2% for the week. By comparison, the Dow was up 2.3%, the Nasdaq was up 2.9%, the S&P 500 was up 2.3%, the Russell 2000 was up 2.9%, and the Volatility Index, commonly known as the VIX, decreased by 11.2%.

Year to date, the Wax Ink portfolio is down 3.7%, the Dow is down 2.5%, the Nasdaq is up 1.6%, the S&P 500 is down 0.5%, the Russell 2000 is down 1.2%, and the VIX is lower by 1.1%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s darlings of the portfolio were rubber king Goodyear Tire and Rubber (NYSE: GT), up 14%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), up 9%, and small tool maker The LS Starrett Company (NYSE: SCX), up 7%.

This week’s portfolio stinkers were technical services company URS Corporation (NYSE: URS), down 9%, and after market auto parts maker Dorman Products (Nasdaq: DORM), down 1%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 31% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 13% since being added to the portfolio.

Worksheets were updated this week for Autodesk, Inc. (Nasdaq: ADSK), Marvel Technology Group, Ltd. (Nasdaq: MRVL), Virco Manufacturing Corporation (Nasdaq: VIRC), Movado Group (NYSE: MOV), Blyth, Inc. (NYSE: BTH), Aerosonic Corporation (NYSE: AIM), TiVo, Inc. (Nasdaq: TIVO), Abercrombie and Fitch Company, Inc. (NYSE: ANF),The Gap, Inc. (NYSE: GPS).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency

Performance – Week Ending 02/07/2014
The Wax Ink Portfolio was down 1.7% for the week. By comparison, the Dow was up 0.6%, the Nasdaq was up 0.5%, the S&P 500 was up 0.8%, the Russell 2000 was down 1.3%, and the Volatility Index, commonly known as the VIX, decreased by 16.9%.

Year to date, the Wax Ink portfolio is down 5.7%, the Dow is down 4.7%, the Nasdaq is down 1.2%, the S&P 500 is down 2.8%, the Russell 2000 is down 4.0%, and the VIX is higher by 11.4%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s darlings of the portfolio were container maker Myers Industries (NYSE: MYE), up 3%, small tool maker The L.S. Starrett Company (NYSE: SCX), up 3%, and specialty chemical company W.R. Grace and Company (NYSE: GRA), up 2%.

This week’s portfolio stinkers were trucking company Arkansas Best Corporation (Nasdaq: ABFS), down 10%, steel cylinder maker Worthington Industries (NYSE: WOR), down 6%, and cigarette paper maker Schweiter-Maudit International (NYSE: SWM), down 5%.

The portfolio’s worst performing stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 30% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 20% since being added to the portfolio.

Worksheets were updated this week for Alco Stores, Inc. (Nasdaq: ALCS), Rex American Resources, Inc. (NYSE: REX), Hastings Entertainment, Inc. (Nasdaq: HAST), Trans World Entertainment Corporation (Nasdaq: TWMC), Petsmart, Inc. (Nasdaq: PETM).

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 01/31/2014
The Wax Ink Portfolio was down 0.6% for the week. By comparison, the Dow was down 1.1%, the Nasdaq was down 0.6%, the S&P 500 was down 0.4%, the Russell 2000 was down 1.2%, and the Volatility Index, commonly known as the VIX, increased by 1.5%.

Year to date, the Wax Ink portfolio is down 4.0%, the Dow is down 5.3%, the Nasdaq is down 1.7%, the S&P 500 is down 3.6%, the Russell 2000 is down 2.8%, and the VIX is higher by 34.2%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s darlings of the portfolio were trucking company Arkansas Best Corporation (Nasdaq: ABFS), up 6%, rubber king The Goodyear Tire and Rubber Company (NYSE: GT), up 3%, and paper company Schweitzer-Maudit International (NYSE: SWM), up 2%.

This week’s portfolio stinkers were garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 10%, municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 3%, and semiconductor maker International Rectifier Corporation (NYSE: IRF), down 3%.

This week’s straining to go stocks remain garage door and telephone headset makerGriffon Corporation (NYSE: GFF), down 30% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 16% since being added to the portfolio.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 01/24/2014
The Wax Ink Portfolio was down 2.7% for the week. By comparison, the Dow was down 3.5%, the Nasdaq was down 1.7%, the S&P 500 was down 2.6%, the Russell 2000 was down 2.1%, and the Volatility Index, commonly known as the VIX, increased by 45.8%.

Year to date, the Wax Ink portfolio is down 3.5%, the Dow is down 4.2%, the Nasdaq is down 1.2%, the S&P 500 is down 3.1%, the Russell 2000 is down 1.7%, and the VIX is higher by 32.2%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week’s darlings of the portfolio were small tool maker The L.S. Starrett Company (NYSE: SCX), up 5%, after market auto parts maker Dorman Products (Nasdaq: DORM), up 2%, and pill maker Cubist Pharmaceuticals (Nasdaq: CBST), unchanged.

This week’s portfolio stinkers were mega company General Electric (NYSE: GE), down 6%, rubbers king Goodyear Tire and Rubber (NYSE: GT), down 6%, and specialty chemicals company W.R> Grace (NYSE: GRA), down 5%.

This week’s straining to go stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 22% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 14% since being added to the portfolio.

Wax

Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink

Performance – Week Ending 01/17/2014
The Wax Ink Portfolio was up 0.1% for the week. By comparison, the Dow was up 0.1%, the Nasdaq was up 0.5%, the S&P 500 was down 0.2%, the Russell 2000 was up 0.3%, and the Volatility Index, commonly known as the VIX, increased by 2.5%.

Year to date, the Wax Ink portfolio is down 0.6%, the Dow is down 0.7%, the Nasdaq is up 0.5%, the S&P 500 is down 0.5%, the Russell 2000 is up 0.4%, and the VIX is lower by 9.3%.

The portfolio breakdown remains roughly 67% equities, 33% cash, and 0% bonds.

This week’s darlings of the portfolio were pill maker Cubist Pharmaceuticals (Nasdaq: CBST), up 6%, metals processor Worthington Industries (NYSE: WOR), up 4%, and agricultural chemicals company Agrium (NYSE: AGU), up 3%.

This week’s portfolio stinkers were after market auto parts maker Dorman Products (Nasdaq: DORM), down 7%, rubbers king Goodyear Tire and Rubber (NYSE: GT), down 6%, and oil refiner Holly Frontier (NYSE: HFC), down 4%.

This week’s straining to go stocks remain garage door and telephone headset maker Griffon
Corporation
(NYSE: GFF), down 21% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 9% since being added to the portfolio.

Wax

Performance – Week Ending 01/10/2014
The Wax Ink Portfolio was up 0.5% for the week. By comparison, the Dow was down 0.2%, the Nasdaq was up 1.0%, the S&P 500 was up 0.6%, the Russell 2000 was up 0.7%, and the Volatility Index, commonly known as the VIX, was down 11.8%.

Year to date, the Wax Ink portfolio is down 0.8%, the Dow is down 0.8%, the Nasdaq is unchanged, the S&P 500 is down 0.3%, the Russell 2000 is up 0.1%, and the VIX is down 11.5%.

The portfolio breakdown remains roughly 67% equities, 33% cash, and 0% bonds.

This week’s darlings of the portfolio were rubbers king Goodyear Tire and Rubber (NYSE: GT), up 11%, municipal and heavy industry constructor Layne Christensen Company (Nasdaq: LAYN), up 10%, and small tool maker The L.S. Starrett Company(NYSE: SCX), up 7%.

This week’s stinkers of the portfolio were after market auto parts maker Dorman Products (Nasdaq: DORM), down 3%, metals processor Worthingtion Industies (NYSE: WOR), down 3%, and chicken gonand processor Darling International (NYSE: DAR), down 2%.

This week’s straining to go stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 23% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 8% since being added to the portfolio.

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Performance – Week Ending 01/03/2014
The Wax Ink Portfolio was down 0.6% for the week. By comparison, the Dow was down 0.1%, the Nasdaq was down 0.6%, the S&P 500 was down 0.5%, the Russell 2000 was down 0.4%, and the Volatility Index, commonly known as the VIX, was down 0.2%.

Year to date, the Wax Ink portfolio is down 1.2%, the Dow is down 0.6%, the Nasdaq is down 1.1%, the S&P 500 is down 0.9%, the Russell 2000 is down 0.7%, and the VIX is up 0.3%.

The portfolio breakdown remains roughly 67% equities, 33% cash, and 0% bonds.

This week’s darlings of the portfolio were heavy industry constructor Layne Christensen Company (Nasdaq: LAYN), up 3%, cylinder maker Worthington Industries (NYSE: WOR), up 2%, and small tool maker The L.S. Starrett Company (NYSE: SCX) was up 2%.

This week’s portfolio smellers were airplane repair company AAR Corporation (NYSE: AIR), down 6%, container maker Myers Industries (NYSE: MYE), down 5%, and cigarette papers maker Schweitzer-Maudit International (NYSE: SWM), down 2%.

This week’s straining to go stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 23% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 17% since being added to the portfolio.

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2013 Portfolio Performance
The Wax Ink Portfolio closed up 48.5% for the year. By comparison, the Dow was up 26.5%, the Nasdaq was up 38.3%, the S&P 500 was up 29.6%, the Russell 2000 was up 37%, and the Volatility Index, commonly known as the VIX, was down 10%.

By way of year-over-year comparison, the Wax Ink portfolio closed 2012 up 18.2%, while the Dow 2012 closed up 7.3%, the Nasdaq closed up 15.9%, the S&P 500 closed up 13.4%, and the Russell 2000 closed up 14.6%.

The portfolio ended the year with roughly 66% of holdings in equities, 34% in cash, and 0% in bonds.

Admittedly, had it not been for the Federal Reserve keeping bond yields artificially low during 2013, there is no way the portfolio could have performed as it did last year.

So thank you Mr. Bernanke, my portfolio is sad to see you go.

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Performance – Week Ending 12/27/2013
The Wax Ink Portfolio was up 1.2% for the week. By comparison, the Dow was up 1.6%, the Nasdaq was up 1.3%, the S&P 500 was up 1.3%, the Russell 2000 was up 1.3%, and the Volatility Index, commonly known as the VIX, was down 9.6%.

Year to date, the Wax Ink portfolio is up 47.6%, the Dow is up 25.7%, the Nasdaq is up 37.7%, the S&P 500 is up 29.1%, the Russell 2000 is up 36.7%, and the VIX is down 18.2%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds.

This week’s moving on up stocks were rubber and heavy industry constructor Layne Christensen Company (Nasdaq: LAYN), up 5%, keep on truckin’ company Akansas Best Corporation (Nasdaq: ABFS), up 3%, and small tool maker The L.S. Starrett Company (NYSE: SCX) was up 3%.

This week’s floaters in the bunch bowl were airplane repair company AAR Corporation (NYSE: AIR), down 2%, container maker Myers Industries (NYSE: MYE), down 2%, and after- market auto parts maker Dorman Products (Nasdaq: DORM), down 2%.

With the recent changes to the portfolio, the new portfolio choke and puke stocks are garage door and telephone headset makerGriffon Corporation (NYSE: GFF), down 26% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 19% since being added to the portfolio.

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