The Stingy News Weekly (06/29/01)
The Markets This Week
DOW 30: 10,502.4 -0.96% to a P/E of 22.6
TSE 300: 7,736.4 -0.04% to a P/E of 26.5
Poor earnings caused the DOW's P/E to rise once more over 20. I should note that the figures above are based on trailing earnings and not on forward or predicted earnings. I have little enough trust in my own predictions to rely on those of others. As a result, I feel that trailing numbers are the best guide.
Canadian equities are bargains
Analysts are bullish on Canada and the TSE is said to have a forward P/E of 15. However, take this figure with a grain of salt.
Where there's smoke: Value funds catch fire using a lot of the same kindling
Not surprisingly good old Phillip Morris is very popular with value investors. Check out the stocks that some well known managers are buying.
How Long Can the Value Rally Last?
Not long according to this article. I tend to second this sentiment as value stocks are becoming scarce.
5 Dow greyhounds ready to run
An unusual variant of the Dogs of the Dow. However, be warned, higher math often leads to an evil end when applied to stock picking.
Nortel write-down is tip of iceberg for tech groups
Ah, nothing like plundering goodwill. Did anyone really think that buying startups for more than $30 million per employee was a good idea?
The trivia questions this week are:
The answers for last week's trivia questions are:
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