"The stock market is filled with individuals who know the price of
everything, but the value of nothing."  - Philip Fisher


New @ StingyInvestor


Canadian Discount Broker Commissions Updated
http://www.ndir.com/SI/brokers/discount.shtml
"Our list of the commissions charged for online trades by Canadian discount
brokers."

Upside/downside calculator now with 2007 data
http://www.ndir.com/SI/articles/downside_adv.shtml
"Select a portfolio composed of up to 11 major asset types, then pick start
and end dates. The calculator tells you how much you would have made or
lost."


Stingy Links
http://www.stingyinvestor.com/SI/articles/articlearchive.shtml

Dirty deeds
http://www.businessweek.com/magazine/content/08_02/b4066046083770.htm
"Still, even with novel and aggressive tactics, the path to resolution for
many properties in Buffalo can be tortuous and protracted. A house at 1941
Niagara St. - one of dozens of properties that Cooper examined as a
graduate studenthas yet to see its final chapter, though it may be close. In
1998, Elizabeth M. Manuel obtained a $34,500 mortgage on the property from
IMC Mortgage (since acquired by Citibank). By 2002, the loan had been sold
into a securitization trust administered by Chase Manhattan (now JPMorgan
Chase) as trustee. It also went into default, and Chase began foreclosure
proceedings. In a court filing, Manuel (who could not be located for
comment) said she left the home while the foreclosure action was pending. More
than five years later, though, the title remains in her name. The house,
although still standing, has become a fire-gutted wreck. In May 2007, Nowak
issued a default judgment against Chase for $9,000. But these cases can
be notoriously difficult to untangle. Thomas A. Kelly, a spokesman for the
bank, notes that Chase sold its trustee business to the Bank of New York
Mellon (BK) in October, 2006, and couldn't locate anyone at Chase able to
comment. But he reiterates the industry view that Chase can't be held
responsible for maintaining a property it never owned. He acknowledges that if
a home didn't seem worth taking as collateral, the bank may have made a
decision to "just walk away." The value of 1941 Niagara, estimate city
assessors, is $4,500, of which $4,300 represents the value of the land. The
home, Cooper says, is slated for "imminent" demolition."

The match king
http://www.economist.com/finance/displaystory.cfm?story_id=10278667
"If Birgitta is the patron saint of Europe, Kreuger was the patron saint of
sinners; he was arguably the most brilliant and ambitious swindler who
ever lived. In the first three decades of the 20th century, he built up an
industrial empire founded on the most humble of innovations, the
Swedish-made safety match, that lit a fire of speculative excess around the world
creating, then burning through, fortunes that would be measured now in the
billions."


S&P/TSX60 Value Screens
http://www.stingyinvestor.com/SI/strategy.shtml 

High Dividend Yield Stocks                     P/E P/B P/S P/C P/D Yield*
============================================== === === === === === ======
Biovail (BVF)                                   5   5   3   5   5    5
CIBC (CM)                                       5   4   5   3   5    5
Bank of Montreal (BMO)                          4   5   4   3   5    5
National Bank of Canada (NA)                    3   5   4   3   5    5
Royal Bank (RY)                                 4   3   3   2   5    5
Bank of Nova Scotia (BNS)                       4   3   2   2   5    5
BCE (BCE)                                       3   3   3   4   5    5
Telus (T)                                       3   4   3   4   5    5
Toronto Dominion Bank (TD)                      4   4   2   3   5    5
TransCanada (TRP)                               2   3   2   3   4    4
More Info: http://www.stingyinvestor.com/SI/strategy/dogs.shtml 

Value Ratio Stocks                             P/E P/B P/S P/C P/D  VR
============================================== === === === === === =====
Biovail (BVF)                                   5   5   3   5   5   0.5
CIBC (CM)                                       5   4   5   3   5   1.4
Teck Cominco Limited (TCK.B)                    5   4   4   5   4   2.3
Thomson (TOC)                                   5   4   2   3   3   2.4
Bank of Montreal (BMO)                          4   5   4   3   5   2.6
Royal Bank (RY)                                 4   3   3   2   5   2.8
Bank of Nova Scotia (BNS)                       4   3   2   2   5   3.0
National Bank of Canada (NA)                    3   5   4   3   5   3.1
Toronto Dominion Bank (TD)                      4   4   2   3   5   3.5
BCE (BCE)                                       3   3   3   4   5   3.7
More Info: http://www.stingyinvestor.com/SI/strategy/valueratio.shtml 

Graham Stocks                                  P/E P/B P/D   G$   dG$(%)
============================================== === === === ====== ======
MDS Inc. (MDS)                                  5   5   0   40.95 114.38
Lundin Mining Corporation (LUN)                 5   5   0   16.94  90.81
Biovail (BVF)                                   5   5   5   18.99  47.20
Magna Cl.A (MG.A)                               5   5   3   99.57  33.65
Thomson (TOC)                                   5   4   3   48.98  23.16
Teck Cominco Limited (TCK.B)                    5   4   4   41.86  19.59
CIBC (CM)                                       5   4   5   78.66  15.68
More Info: http://www.stingyinvestor.com/SI/strategy/graham.shtml 

*Notes: http://www.stingyinvestor.com/SI/strategy/notes.shtml 

Switch to the HTML version if the tables aren't formatted properly.
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Books for Stingy Investors

Mean Markets and Lizard Brains
by Terry Burnham

Learn how markets and ancient wiring in the brain conspire to
reduce investor returns by reading Mean Markets and Lizard Brains.
You'll also discover how to profit from other investor's
mistakes. Burnham's book provides a fun romp through the new world of
behavioural economics and it is very easy to digest - even for
new investors.
Amazon Link: http://www.amazon.ca/exec/obidos/ASIN/0471602450/


Stock Research From Dan Hallett & Associates

The Rothery Report
http://www.rotheryreport.com/ 

The Rothery Report provides research on select deep-value stocks in
North America. Discover overlooked and undervalued stocks in quarterly
investment reports which provide detailed analysis of Canadian and
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subscribers informed about new opportunities and developments.

Rothery Report Performance (03/31/2001 to 09/30/2007)
  Average Capital Gain    Average Holding Period
          53.4%                   2.5 Years

Learn More
http://www.rotheryreport.com/store/store.shtml

Subscribe Today
http://www.rotheryreport.com/store/order.shtml 



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ISSN 1499-2795 Copyright Dan Hallett and Associates Inc., 2008.
All rights reserved. The securities mentioned in this report are not
appropriate for all investors. Consult your professional investment
advisor before making any investment decision.  While all reasonable
effort is made to ensure the accuracy of information and data
contained herein, accuracy can not be guaranteed. Past performance is
not a good predictor of future performance.  Results are not
guaranteed and we assume no liability whatsoever for any material
losses that may occur.  No compensation for suggesting particular
securities or financial advisors is solicited or accepted.  The
information in this newsletter, and in its related website, is not
intended to be, nor does it constitute, financial advice or
recommendations.  Investing in stocks can be risky and may result in
substantial losses.  A Dan Hallett and Associates Inc.(DH&A)
publication.  DH&A is registered as Investment Counsel in the province
of Ontario. DH&A, or related-parties may have an interest in the
securities mentioned.