The Stingy News Weekly (02/16/03)
The Markets This Week
DOW 30: 7,909 +0.57% with a median P/E of 19.9
S&P/TSX: 6,487 +0.14% with a median P/E of 21.9*
The Value View
Dow at a P/E of 20: 7,949 (+0.5%) Poor Value
Dow at a P/E of 15: 5,962 (-24.6%) Fair Value
Dow at a P/E of 10: 3,974 (-49.75%) Good Value
S&P/TSX at a P/E of 20: 5,924 (-8.7%) Poor Value
S&P/TSX at a P/E of 15: 4,443 (-31.5%) Fair Value
S&P/TSX at a P/E of 10: 2,962 (-54.3%) Good Value
The economics of the rose market
"Nationwide, rose prices are often double on Valentine's Day from what they are on most other days of the year. Why are rose prices so high on Valentine's Day?"
"Why Britain's big cigarette companies are on a roll."
Real return bonds offer inflation hedge
"It's hard to beat inflation when interest rates are so low. So have you considered a real return bond?"
"Think big companies can't innovate? Look how Kimberly-Clark and P&G are fighting over disposable training pants."
Not all that glitters
"A declining dollar and the threat of war have made gold funds hot. But playing this market can be risky."
Day of the Jaekel
"Look out, Frank Stronach. One of your former Magna executives is now the competition. And he has ambitious plans to beat you at your own game."
Detecting the danger within
"Cutting-edge technology from dozens of companies is helping America counter a worst-case terrorist threat: smuggled nukes. Here's how." - they only need to be lucky once ...
This week's trivia questions are: Q1. What is the median market cap of the S&P/TSX Composite? Q2. What is the median market cap of the S&P500? Q3. What is the median market cap of the DOW30? The answers to last week's trivia questions are: Q1. Who's first investment rule is to "Never lose money"? A1. Warren Buffett's Q2. What is his second rule? A2. Never forget rule 1. Q3. What is the median debt to equity ratio of the S&P/TSX Composite? A3. 0.33 Source: globeinvestor.comSymbol Search
Can you find all the DOW stock symbols in the following text block? Repeat symbols are allowed, but diagonals are not. A M A H D N A V Z F O G G H B Q E Q N I B M Q K G H J L O F D B M H M M Y F G Y Q W K R V A K X Q B U K U B D G F Y Q C E A F F Number of hidden symbols: 7 The solution to last week's symbol search in lower case c M S P Y a S J k R A U D b X g R B Q L J W F p m V R M X W R N D V O W S H Z X R N g m s A g p U A V D i D X W F G W R d X S U Number of hidden symbols: 7 Symbols: c, gm, pg, mrk, dis, pg, ba New @ StingyInvestor Our web server ran into trouble Sunday night, but it's up and running again. However, this week's Stingy News was delayed due to the difficulties. My apologies for the interruption. The Stingy StoreDownload a sample of the Rothery Report Download a sample of Frugal Funds Subscribe Today Bullishly Yours, Norman Rothery ISSN 1499-2795 To (un)subscribe please use our email centre at http://www.stingyinvestor.com/cgi-bin/email.cgi Refer to legal & conflict of interest disclaimers at http://www.stingyinvestor.com/SI/legal.shtml http://www.stingyinvestor.com/SI/legal/conflict.shtml
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