The Stingy News Weekly: 02/28/2020
New from Norm
A more generous strategy
"Prof. Gagnon prefers his own 'variable percentage withdrawal'
method instead. The basic idea is to figure out how much to take
out of a portfolio over a set number of years, assuming long-term
historical growth rates for a particular asset mix. The amount
taken out each year varies both as the value of the portfolio
changes and as the retiree gets older."
Stingy Links
Don't lose it
"if you were going to design a laboratory experiment to test
investors' mettle, this past week would provide a nearly perfect
template. Think about it: We have a virus without a vaccine that's
spreading rapidly - but nobody knows how rapidly - which is
damaging the global economy - but nobody knows how badly - at a time
when many U.S. stock investors were already anxious after an
extraordinarily long bull market that has pushed valuations to
worrisome levels." [Baheviour]
There is always enough time to panic
"Six business days ago, my estimate of future stock returns over
the next ten years was 2.21%/year, the lowest I have ever seen
it (and a new all-time high for the stock market). Today it is
4.40%/year. Quite a move. Also in the quite a move department is
the 10-year Treasury note, whose yield went from 1.56% to 1.23%,
a new all-time low." [Behaviour]
2 hours of Buffett
"CNBC's full interview with Berkshire Hathaway CEO Warren
Buffett" [Buffett]
You will likely get the coronavirus
"Most cases are not life-threatening, which is also what makes
the virus a historic challenge to contain." [Health]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Inter Pipeline (IPL) | B | C | D | A |
| Brookfield Property Partners (BPY.UN) | A | A | B | A |
| Enbridge (ENB) | C | C | C | A |
| BCE Inc. (BCE) | C | D | D | A |
| CIBC (CM) | A | B | C | A |
| Power Corp of Canada (POW) | B | A | A | A |
| Pembina Pipeline (PPL) | C | C | D | A |
| Bank of Nova Scotia (BNS) | B | B | C | A |
| Shaw (SJR.B) | C | C | D | A |
| Suncor Energy (SU) | D | B | B | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Teck Resources (TECK.B) | A | A | A | D |
| Cenovus Energy (CVE) | A | A | A | C |
| Manulife (MFC) | A | A | A | A |
| Magna (MG) | A | B | A | C |
| Barrick Gold (ABX) | A | B | D | D |
| Kinross Gold (K) | A | B | C | F |
| Brookfield Property Partners (BPY.UN) | A | A | B | A |
| CIBC (CM) | A | B | C | A |
| Cdn Natural Resources (CNQ) | A | A | C | B |
| Imperial Oil (IMO) | A | A | B | C |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Teck Resources (TECK.B) | A | A | A | D |
| First Quantum (FM) | F | A | B | E |
| Brookfield Property Partners (BPY.UN) | A | A | B | A |
| Cenovus Energy (CVE) | A | A | A | C |
| Imperial Oil (IMO) | A | A | B | C |
| Cameco (CCO) | E | A | D | E |
| Manulife (MFC) | A | A | A | A |
| Power Corp of Canada (POW) | B | A | A | A |
| Nutrien (NTR) | D | A | B | B |
| BlackBerry (BB) | F | A | D | F |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | Brookfield Property Partners (BPY.UN) | Y | Y | Y |
| CIBC (CM) | Y | Y | |
| Cenovus Energy (CVE) | | Y | Y |
| Imperial Oil (IMO) | | Y | Y |
| Manulife (MFC) | | Y | Y |
| Power Corp of Canada (POW) | Y | | Y |
| Teck Resources (TECK.B) | | Y | Y |
| BCE Inc. (BCE) | Y | | |
| Bank of Nova Scotia (BNS) | Y | | |
| Barrick Gold (ABX) | | Y | |
| BlackBerry (BB) | | | Y |
| Cameco (CCO) | | | Y |
| Cdn Natural Resources (CNQ) | | Y | |
| Enbridge (ENB) | Y | | |
| First Quantum (FM) | | | Y |
| Inter Pipeline (IPL) | Y | | |
| Kinross Gold (K) | | Y | |
| Magna (MG) | | Y | |
| Nutrien (NTR) | | | Y |
| Pembina Pipeline (PPL) | Y | | |
| Shaw (SJR.B) | Y | | |
| Suncor Energy (SU) | Y | | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Exxon Mobil (XOM) | B | A | A | A |
| Chevron (CVX) | E | A | A | A |
| IBM (IBM) | B | D | B | A |
| Verizon (VZ) | A | C | B | A |
| Pfizer (PFE) | A | B | D | A |
| Walgreens (WBA) | A | B | A | A |
| 3M (MMM) | C | E | C | B |
| Cisco (CSCO) | B | D | D | B |
| Caterpillar (CAT) | A | D | B | B |
| Merck (MRK) | C | D | D | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | A | A | B | D |
| JP Morgan Chase (JPM) | A | B | C | B |
| Walgreens (WBA) | A | B | A | A |
| Caterpillar (CAT) | A | D | B | B |
| Pfizer (PFE) | A | B | D | A |
| Verizon (VZ) | A | C | B | A |
| Intel (INTC) | B | C | D | D |
| Travelers (TRV) | B | A | A | C |
| IBM (IBM) | B | D | B | A |
| American Express (AXP) | B | C | C | E |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | DuPont (DD) | E | A | B | C |
| Goldman Sachs (GS) | A | A | B | D |
| Exxon Mobil (XOM) | B | A | A | A |
| Travelers (TRV) | B | A | A | C |
| Chevron (CVX) | E | A | A | A |
| JP Morgan Chase (JPM) | A | B | C | B |
| Walgreens (WBA) | A | B | A | A |
| Walt Disney (DIS) | C | B | C | E |
| United Technologies (UTX) | C | B | B | D |
| Pfizer (PFE) | A | B | D | A |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | P/B | | Pfizer (PFE) | Y | Y | Y |
| Walgreens (WBA) | Y | Y | Y |
| Caterpillar (CAT) | Y | Y | |
| Chevron (CVX) | Y | | Y |
| Exxon Mobil (XOM) | Y | | Y |
| Goldman Sachs (GS) | | Y | Y |
| IBM (IBM) | Y | Y | |
| JP Morgan Chase (JPM) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| Verizon (VZ) | Y | Y | |
| 3M (MMM) | Y | | |
| American Express (AXP) | | Y | |
| Cisco (CSCO) | Y | | |
| DuPont (DD) | | | Y |
| Intel (INTC) | | Y | |
| Merck (MRK) | Y | | |
| United Technologies (UTX) | | | Y |
| Walt Disney (DIS) | | | Y |
| Notes... |
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