The Stingy News Weekly (08/25/2013)
| "Volatility is a symptom that people have no idea of the
underlying value" | |
| - Jeremy Grantham | |
Stingy News Flash
I'll be taking a little summer sabbatical over the next few weeks.
The weekly will return after labour day.
Stingy Links
Why the paradox of choice might be a myth
"It could be one of the most memorable economic studies of the
last half century. Researchers presented an array of tasty jams
and enticed shoppers to buy a jar. In one version, there were six
varieties shown to shoppers. In another, there were 24 jams. The
second, larger array attracted more traffic. But the smaller
array led to ten times more purchases. Sometimes, they concluded,
too many options repel us. The researchers called it "the
paradox of choice." You might call it "feeling overwhelmed by
options." But some economists are calling it something else: "complete
hogwash.""
The 1975 Buffett memo that saved WaPo's pension
"The letter alone is quite amazing. In it, Buffett identifies the
pension problems that others would key in on only a decade or
so later. But he also lays out perhaps for the first time --
Buffett was 45 when he wrote it and years away from attaining the
investment fame he has today -- his philosophy behind what it
takes to be a successful investor. His main pieces of advice: Think
like an owner, look for a discount, and be patient."
Ben Graham did not give up on value investing
"So, no, Ben Graham did not give up on value investing. One could
easily say that he was arguing for value indexing."
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | AT&T (T) | 1 | 4 | 4 | 5 |
| Verizon (VZ) | 1 | 2 | 4 | 5 |
| Intel (INTC) | 4 | 4 | 2 | 5 |
| Merck (MRK) | 1 | 3 | 1 | 5 |
| Pfizer (PFE) | 5 | 3 | 1 | 5 |
| Chevron (CVX) | 5 | 5 | 4 | 5 |
| General Electric (GE) | 3 | 4 | 3 | 4 |
| McDonald's (MCD) | 3 | 1 | 1 | 4 |
| EI DuPont (DD) | 4 | 2 | 3 | 4 |
| Johnson & Johnson (JNJ) | 2 | 2 | 1 | 4 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Pfizer (PFE) | 5 | 3 | 1 | 5 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 |
| Chevron (CVX) | 5 | 5 | 4 | 5 |
| Travelers (TRV) | 5 | 5 | 4 | 2 |
| Exxon Mobil (XOM) | 5 | 4 | 4 | 3 |
| EI DuPont (DD) | 4 | 2 | 3 | 4 |
| Intel (INTC) | 4 | 4 | 2 | 5 |
| Cisco (CSCO) | 4 | 4 | 2 | 3 |
| IBM (IBM) | 4 | 1 | 3 | 2 |
| Caterpillar (CAT) | 4 | 3 | 5 | 4 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Pfizer (PFE) | 5 | 3 | 1 | 5 | 2.31 |
| Chevron (CVX) | 5 | 5 | 4 | 5 | 2.94 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 | 3.02 |
| Intel (INTC) | 4 | 4 | 2 | 5 | 3.03 |
| Exxon Mobil (XOM) | 5 | 4 | 4 | 3 | 3.80 |
| EI DuPont (DD) | 4 | 2 | 3 | 4 | 3.88 |
| Travelers (TRV) | 5 | 5 | 4 | 2 | 4.14 |
| Caterpillar (CAT) | 4 | 3 | 5 | 4 | 4.56 |
| Cisco (CSCO) | 4 | 4 | 2 | 3 | 4.58 |
| AT&T (T) | 1 | 4 | 4 | 5 | 5.05 |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | V.R. | | Chevron (CVX) | Y | Y | Y |
| EI DuPont (DD) | Y | Y | Y |
| Intel (INTC) | Y | Y | Y |
| Pfizer (PFE) | Y | Y | Y |
| AT&T (T) | Y | | Y |
| Caterpillar (CAT) | | Y | Y |
| Cisco (CSCO) | | Y | Y |
| Exxon Mobil (XOM) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| General Electric (GE) | Y | | |
| IBM (IBM) | | Y | |
| Johnson & Johnson (JNJ) | Y | | |
| McDonald's (MCD) | Y | | |
| Merck (MRK) | Y | | |
| Verizon (VZ) | Y | | |
| Notes... |
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Penn West Petroleum (PWT) | 1 | 5 | 2 | 5 |
| TransAlta (TA) | 1 | 4 | 4 | 5 |
| Crescent Point (CPG) | 0 | 3 | 1 | 5 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 |
| Enerplus (ERF) | 0 | 5 | 2 | 5 |
| BCE Inc. (BCE) | 4 | 1 | 3 | 5 |
| CIBC (CM) | 5 | 3 | 3 | 5 |
| ARC Resources (ARX) | 1 | 2 | 1 | 5 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| Potash Corp. (POT) | 4 | 2 | 1 | 5 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Power Corp of Canada (POW) | 5 | 4 | 5 | 4 |
| National Bank (NA) | 5 | 3 | 3 | 5 |
| CIBC (CM) | 5 | 3 | 3 | 5 |
| Agrium (AGU) | 5 | 3 | 5 | 2 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 |
| Rogers (RCI.B) | 5 | 1 | 3 | 4 |
| Imperial Oil (IMO) | 5 | 2 | 4 | 1 |
| Royal Bank (RY) | 5 | 2 | 2 | 4 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 | 1.49 |
| Power Corp of Canada (POW) | 5 | 4 | 5 | 4 | 1.93 |
| National Bank (NA) | 5 | 3 | 3 | 5 | 2.06 |
| CIBC (CM) | 5 | 3 | 3 | 5 | 2.06 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 | 2.33 |
| BCE Inc. (BCE) | 4 | 1 | 3 | 5 | 2.43 |
| Rogers (RCI.B) | 5 | 1 | 3 | 4 | 2.70 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 | 2.70 |
| Potash Corp. (POT) | 4 | 2 | 1 | 5 | 2.72 |
| Sun Life Financial (SLF) | 4 | 4 | 5 | 4 | 2.78 |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | V.R. | | Bank of Montreal (BMO) | Y | Y | Y |
| CIBC (CM) | Y | Y | Y |
| Canadian Oil Sands (COS) | Y | Y | Y |
| BCE Inc. (BCE) | Y | | Y |
| Bank of Nova Scotia (BNS) | | Y | Y |
| National Bank (NA) | | Y | Y |
| Potash Corp. (POT) | Y | | Y |
| Power Corp of Canada (POW) | | Y | Y |
| Rogers (RCI.B) | | Y | Y |
| ARC Resources (ARX) | Y | | |
| Agrium (AGU) | | Y | |
| Crescent Point (CPG) | Y | | |
| Enerplus (ERF) | Y | | |
| Imperial Oil (IMO) | | Y | |
| Penn West Petroleum (PWT) | Y | | |
| Royal Bank (RY) | | Y | |
| Sun Life Financial (SLF) | | | Y |
| TransAlta (TA) | Y | | |
| Notes... |
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