The Stingy News Weekly (09/17/2018)
| "Success is the ability to go from one failure to another with no
loss of enthusiasm." | |
| - Winston Churchill | |
Stingy Links
Why facts don't change our minds
"False beliefs can be useful in a social sense even if they are
not useful in a factual sense. For lack of a better phrase, we
might call this approach 'factually false, but socially
accurate.'" [Behaviour]
Striking a chord
"During the fall of 2008 - I'm referring here to both the season
and the stock market - the sense of panic was palpable. I even
got a call from a financial planner, whom I considered a veteran
investor, wondering whether he should sell. Until that moment, I
don't think I'd fully realized that knowledge is truly no match
for emotion." [Behaviour]
Lessons from Peter Lynch
"Multiple analyses have been performed with the purpose of
deconstructing and explaining Lynch's success, and the conclusion
seems to be that higher beta, momentum, and size were among the
primary sources of Magellan's amazing performance." [Funds]
A trend equity primer
"While many investment strategies have a concave payoff profile
that reaps small rewards at the risk of large losses,
trend-following strategies exhibit a convex payoff profile, one that pays
small premiums with the potential of a large reward." [Markets]
Why Warren Buffett said no to Lehman
"Warren Buffett's Berkshire Hathaway is famous on Wall Street for
having the cash to make deals happen, even during a crisis. But
in 2008, he turned down both Lehman Brothers and AIG when they
asked for help. In an interview with WSJ, he explains why."
[video] [Buffett]
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 |
| BCE Inc. (BCE) | B | D | C | A |
| Emera (EMA) | E | B | B | A |
| Power Corp of Canada (POW) | A | A | A | A |
| Pembina Pipeline (PPL) | C | C | D | A |
| TransCanada (TRP) | B | D | E | A |
| Crescent Point (CPG) | F | A | B | A |
| Shaw (SJR.B) | E | D | D | A |
| ARC Resources (ARX) | E | B | D | 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 |
| Magna (MG) | A | C | A | C |
| Power Corp of Canada (POW) | A | A | A | A |
| Kinross Gold (K) | A | A | B | F |
| Bank of Nova Scotia (BNS) | A | B | D | B |
| CIBC (CM) | A | C | 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 |
| Cenovus Energy (CVE) | F | A | A | D |
| Kinross Gold (K) | A | A | B | F |
| Teck Resources (TECK.B) | A | A | B | E |
| First Quantum (FM) | E | A | C | E |
| Power Corp of Canada (POW) | A | A | A | A |
| Cameco (CCO) | F | A | C | B |
| 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 |
| Crescent Point (CPG) | Y | | Y |
| Kinross Gold (K) | | Y | Y |
| Teck Resources (TECK.B) | | Y | Y |
| ARC Resources (ARX) | Y | | |
| BCE Inc. (BCE) | Y | | |
| Bank of Nova Scotia (BNS) | | Y | |
| CIBC (CM) | | Y | |
| Cameco (CCO) | | | Y |
| Cenovus Energy (CVE) | | | 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 | |
| TransCanada (TRP) | Y | | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Verizon (VZ) | A | C | B | A |
| IBM (IBM) | C | D | B | A |
| Exxon Mobil (XOM) | B | B | A | A |
| Chevron (CVX) | B | A | A | A |
| Procter & Gamble (PG) | C | C | C | A |
| Coca-Cola (KO) | E | E | E | A |
| Pfizer (PFE) | A | C | E | B |
| Merck (MRK) | E | D | D | B |
| Cisco (CSCO) | E | C | D | B |
| Intel (INTC) | A | B | C | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Verizon (VZ) | A | C | B | A |
| Pfizer (PFE) | A | C | E | B |
| Walt Disney (DIS) | A | B | C | D |
| JP Morgan Chase (JPM) | A | A | D | D |
| Intel (INTC) | A | B | C | B |
| Walgreens (WBA) | A | B | A | C |
| Exxon Mobil (XOM) | B | B | A | A |
| Travelers (TRV) | B | A | A | C |
| Goldman Sachs (GS) | B | A | C | E |
| Chevron (CVX) | B | A | A | A |
| 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) | B | B | A | A |
| Walgreens (WBA) | A | B | A | C |
| Intel (INTC) | A | B | C | B |
| United Technologies (UTX) | B | B | B | D |
| Walt Disney (DIS) | A | B | C | D |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | P/B | | Chevron (CVX) | Y | Y | Y |
| Exxon Mobil (XOM) | Y | Y | Y |
| Intel (INTC) | Y | Y | Y |
| Goldman Sachs (GS) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Pfizer (PFE) | Y | Y | |
| Travelers (TRV) | | Y | Y |
| Verizon (VZ) | Y | Y | |
| Walgreens (WBA) | | Y | Y |
| Walt Disney (DIS) | | Y | 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 |
| Notes... |
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