The Stingy News Weekly (08/28/2018)
| "If the job has been correctly done when a common stock is
purchased, the time to sell it is almost never." | |
| - Philip Fisher | |
Stingy Links
In solitude what happiness?
"Three out of four GPs say that they see between one and five
lonely people a day; only 13% feel equipped to help them, even
though loneliness has a detrimental effect on health equivalent to
smoking 15 cigarettes a day. Only 22% of us have never felt
lonely." [Behaviour]
Geoarbitrage
"So the meat of the matter is, how much is the gap between the
actual median income for each state, and the income it takes to
buy the median priced home in each state?" [Real Estate]
What's killing rural Canada
"Crime, opioid abuse, boarded-up businesses and fleeing
populations are destroying the country's heartland." [World]
Levered 60/40 vs equities
"Asness's study, and the levered 60/40 portfolio utilizing the
same approach he outlined in the paper, actually saw portfolio
returns outperform in the following 25-year period compared to its
historical back test. The levered 60/40 portfolio returned 12.2%
for the 1994 - 2018 period, 260 bps ahead of the 100% equity
line, compared with only 80 bps during his original test." [Markets]
Aliens don't get fired
"Perhaps the alien's biggest superpower isn't perfect foresight,
but the ability to invest in strategies that no normal investor
can reasonably deploy" [Behaviour]
Bettors sniff out weak studies
"Between them, they've successfully replicated just 87 out of 190
studies, for an overall rate of 46 percent." [Behaviour]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Inter Pipeline (IPL) | B | D | E | A |
| Enbridge (ENB) | D | B | B | A |
| Emera (EMA) | E | B | B | A |
| BCE Inc. (BCE) | B | D | C | A |
| Power Corp of Canada (POW) | A | A | A | A |
| Pembina Pipeline (PPL) | D | C | D | A |
| TransCanada (TRP) | B | D | D | A |
| Shaw (SJR.B) | E | D | D | A |
| TELUS (T) | C | E | C | A |
| CIBC (CM) | A | C | C | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Metro (MRU) | A | C | A | D |
| Teck Resources (TECK.B) | A | A | B | E |
| Power Corp of Canada (POW) | A | A | A | A |
| Magna (MG) | A | C | A | C |
| Kinross Gold (K) | A | A | B | F |
| CIBC (CM) | A | C | C | A |
| Bank of Nova Scotia (BNS) | A | B | C | B |
| National Bank (NA) | A | C | C | B |
| Sun Life Financial (SLF) | A | B | B | B |
| Royal Bank (RY) | A | D | D | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Crescent Point (CPG) | F | A | B | A |
| Goldcorp (G) | D | A | D | E |
| Kinross Gold (K) | A | A | B | F |
| Cenovus Energy (CVE) | F | A | A | D |
| Teck Resources (TECK.B) | A | A | B | E |
| Power Corp of Canada (POW) | A | A | A | A |
| First Quantum (FM) | E | A | D | E |
| Cameco (CCO) | F | A | D | C |
| Manulife (MFC) | D | A | B | B |
| Husky Energy (HSE) | B | A | B | C |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | Power Corp of Canada (POW) | Y | Y | Y |
| CIBC (CM) | Y | Y | |
| Kinross Gold (K) | | Y | Y |
| Teck Resources (TECK.B) | | Y | Y |
| BCE Inc. (BCE) | Y | | |
| Bank of Nova Scotia (BNS) | | Y | |
| Cameco (CCO) | | | Y |
| Cenovus Energy (CVE) | | | Y |
| Crescent Point (CPG) | | | Y |
| Emera (EMA) | Y | | |
| Enbridge (ENB) | Y | | |
| First Quantum (FM) | | | Y |
| Goldcorp (G) | | | Y |
| Husky Energy (HSE) | | | Y |
| Inter Pipeline (IPL) | Y | | |
| Magna (MG) | | Y | |
| Manulife (MFC) | | | Y |
| Metro (MRU) | | Y | |
| National Bank (NA) | | Y | |
| Pembina Pipeline (PPL) | Y | | |
| Royal Bank (RY) | | Y | |
| Shaw (SJR.B) | Y | | |
| Sun Life Financial (SLF) | | Y | |
| TELUS (T) | Y | | |
| TransCanada (TRP) | Y | | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | General Electric (GE) | F | B | A | A |
| Verizon (VZ) | A | C | B | A |
| IBM (IBM) | C | D | B | A |
| Exxon Mobil (XOM) | A | B | A | A |
| Chevron (CVX) | B | A | A | A |
| Coca-Cola (KO) | E | E | E | A |
| Procter & Gamble (PG) | C | C | C | B |
| Pfizer (PFE) | A | B | E | B |
| Merck (MRK) | E | D | D | B |
| Cisco (CSCO) | E | C | E | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Verizon (VZ) | A | C | B | A |
| Pfizer (PFE) | A | B | E | B |
| Walt Disney (DIS) | A | C | C | D |
| JP Morgan Chase (JPM) | A | A | D | D |
| Exxon Mobil (XOM) | A | B | A | A |
| Intel (INTC) | B | B | C | C |
| Travelers (TRV) | B | A | A | C |
| Chevron (CVX) | B | A | A | A |
| Goldman Sachs (GS) | B | A | C | E |
| Apple (AAPL) | B | D | D | E |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | B | A | C | E |
| Chevron (CVX) | B | A | A | A |
| Travelers (TRV) | B | A | A | C |
| DowDuPont (DWDP) | E | A | B | C |
| JP Morgan Chase (JPM) | A | A | D | D |
| Exxon Mobil (XOM) | A | B | A | A |
| General Electric (GE) | F | B | A | A |
| Intel (INTC) | B | B | C | C |
| United Technologies (UTX) | B | B | B | D |
| Pfizer (PFE) | A | B | E | B |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | P/B | | Chevron (CVX) | Y | Y | Y |
| Exxon Mobil (XOM) | Y | Y | Y |
| Pfizer (PFE) | Y | Y | Y |
| General Electric (GE) | Y | | Y |
| Goldman Sachs (GS) | | Y | Y |
| Intel (INTC) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| Verizon (VZ) | Y | Y | |
| Apple (AAPL) | | Y | |
| Cisco (CSCO) | Y | | |
| Coca-Cola (KO) | Y | | |
| DowDuPont (DWDP) | | | Y |
| IBM (IBM) | Y | | |
| Merck (MRK) | Y | | |
| Procter & Gamble (PG) | Y | | |
| United Technologies (UTX) | | | Y |
| Walt Disney (DIS) | | Y | |
| Notes... |
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