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The Stingy News Weekly (11/28/2010)


"Nothing is so permanent as a temporary government program."
- Milton Friedman


Stingy Links

A Bully Finds a Pulpit on the Web
"Which means the owner of ... might be more than just a combustible bully with a mean streak and a potty mouth. He might also be a pioneer of a new brand of anti-salesmanship — utterly noxious retail — that is facilitated by the quirks and shortcomings of Internet commerce and that tramples long-cherished traditions of customer service, like deference and charm."


Evan Davis meets Warren Buffett
"Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him the richest person in the world - thought to be worth 37 billion dollars. Yet Buffett lives modestly in his native Omaha, in America's mid-West, and runs his 150 billion dollar business with a staff of just twenty. Evan Davis meets him to find out about his unique investment strategy and his eccentric lifestyle. He talks to Buffett's family, friends and colleagues about the man they call the Sage of Omaha, and Buffett's friend Bill Gates praises his philosophy of life. As the greed of the super-wealthy is widely criticised in the current financial crisis, Davis asks whether Warren Buffett is the acceptable face of the filthy rich"


Programming our lives away
"Increasingly, algorithms are used to determine whether we can get access to credit, insurance and government services. They are posing a challenge to human decision-making in the arts. They are being used by prospective employers to decide if we should be hired. They can determine whether your online business will succeed or fail, and they have revolutionized the world of high finance."


Neosho Capital Q3-10 commentary
"When asked how he had weathered the 2008/9 financial meltdown, Markowitz said he had been moderately liquid going into those years, thanks to having sold off some of his 20-odd ETFs and some of his Kraft holdings. Thinking that his own use of MPT, CAPM, Monte Carlo simulations, etc. formulas, had contributed to his decision to reduce his allocation to securities in the run-up to the ‘08/’09 meltdown, we were surprised when Markowitz confessed, somewhat sheepishly, that it was a phone call with his friend, “Steve”, a hedge fund manager, who advised him to sell off a significant enough portion of his holdings prior to the panic that started in September of 2008. Given this admission, we wonder if a further updating of the MPT models is needed to reflect this invaluable step: Call Steve. The trick will be finding a way to put this extra step into algorithmic form."


Why the housing bulls are wrong
"Hedge fund manager Bill Ackman is the latest prominent investor to jump on the housing bandwagon. But here are four reasons by housing is still not a good investment."



DOW 30 Value Screens

High Dividend Yield StocksP/EP/BP/SP/DYield
Verizon (VZ)13555
AT&T (T)55355
Merck (MRK)34255
Pfizer (PFE)14255
Kraft (KFT)44455
EI DuPont (DD)31344
Chevron (CVX)54444
Johnson & Johnson (JNJ)42144
McDonald's (MCD)11144
Home Depot (HD)23544
Notes | More Info...


Value Ratio StocksP/EP/BP/SP/DVR
AT&T (T)55351.26
Chevron (CVX)54442.80
Travelers (TRV)55432.84
Merck (MRK)34253.05
Kraft (KFT)44453.08
Johnson & Johnson (JNJ)42143.76
EI DuPont (DD)31343.81
Intel (INTC)43133.83
Microsoft (MSFT)52124.35
Exxon Mobil (XOM)43434.72
Notes | More Info...


Graham-Lite StocksP/EP/BP/DG$dG$(%)
Travelers (TRV)55396.6377.72
JP Morgan Chase (JPM)55158.0054.68
AT&T (T)55539.6942.11
Chevron (CVX)54497.4318.74
Kraft (KFT)44533.9812.16
Notes | More Info...


Top US StocksYieldV.R.Graham
AT&T (T)YYY
Chevron (CVX)YYY
Kraft (KFT)YYY
EI DuPont (DD)YY
Johnson & Johnson (JNJ)YY
Merck (MRK)YY
Travelers (TRV)YY
Exxon Mobil (XOM)Y
Home Depot (HD)Y
Intel (INTC)Y
JP Morgan Chase (JPM)Y
McDonald's (MCD)Y
Microsoft (MSFT)Y
Pfizer (PFE)Y
Verizon (VZ)Y
Notes...



S&P/TSX60 Value Screens

High Dividend Yield StocksP/EP/BP/SP/DYield
Transalta (TA)24455
BCE (BCE)43455
Sun Life (SLF)55555
Husky Energy (HSE)34455
Bank of Montreal (BMO)43355
Telus (T)33455
CIBC (CM)52355
TransCanada (TRP)24255
Shaw Comm Cl.B (SJR.B)31255
Power Corp (POW)25555
Notes | More Info...


Value Ratio StocksP/EP/BP/SP/DVR
Sun Life (SLF)55552.30
BCE (BCE)43452.79
CIBC (CM)52352.86
Bank of Montreal (BMO)43353.03
National Bank (NA)53343.34
Encana (ECA)55343.35
Telus (T)33453.48
Transalta (TA)24453.67
Royal Bank (RY)42243.87
Husky Energy (HSE)34453.88
Notes | More Info...


Graham-Lite StocksP/EP/BP/DG$dG$(%)
Encana (ECA)55440.1040.71
Sun Life (SLF)55539.3439.20
Nexen (NXY)55129.0736.04
Magna (MG)54264.2428.82
Inmet Mining (IMN)54172.2117.23
Canadian Tire (CTC.A)45370.1111.59
Notes | More Info...


Top Canadian StocksYieldV.R.Graham
Sun Life (SLF)YYY
BCE (BCE)YY
Bank of Montreal (BMO)YY
CIBC (CM)YY
Encana (ECA)YY
Husky Energy (HSE)YY
Telus (T)YY
Transalta (TA)YY
Canadian Tire (CTC.A)Y
Inmet Mining (IMN)Y
Magna (MG)Y
National Bank (NA)Y
Nexen (NXY)Y
Power Corp (POW)Y
Royal Bank (RY)Y
Shaw Comm Cl.B (SJR.B)Y
TransCanada (TRP)Y
Notes...



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