The Stingy News Weekly: 10/22/2019
Stingy Links
Mises vs. Marx
"Is history marching inevitably towards centrally planned
socialism, as Karl Marx proclaimed? Or is the best path to continued
progress and expanding prosperity liberal, democratic capitalism
as recommended by Ludwig von Mises?" [Fun]
Costs and returns from factor portfolios
"Well-designed, factor-based funds are able to capture the
returns provided by both the size and the value factors." [Value Investing]
Dividends can lie
"Don't get me wrong, I love dividends. I even have a money
management strategy based off of them. But I know that dividends are
more fickle than most of their fans admit. The infatuation that
some money managers have with dividends is misplaced. To say that
'Dividends don't lie,' is an overstatement. Yes, the check will
clear, and you get money, but that does not mean that the next
dividend will get paid." [Dividends]
Terrible plans, wonderful businesses
"Imagine you're an investor and I make you the following pitch of
a business plan: We're going to open a new chain of grocery
stores. The stores will sell zero branded items. No Coke. No
Budweiser. No Lucky Charms. Everything will be private label. There
will be no advertisements on TV or social media. Nothing in the
store will ever go on sale. There will be no coupons accepted, no
loyalty rewards cards and no Sunday newspaper circulars. There
will be no self-checkout kiosks. The aisles in the stores will be
narrow and the stores and parking lots will be relatively
small. Who wants to invest in this company?" [Behaviour]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Inter Pipeline (IPL) | B | C | D | A |
| Enbridge (ENB) | D | B | C | A |
| Power Corp of Canada (POW) | B | A | A | A |
| CIBC (CM) | A | B | C | A |
| Pembina Pipeline (PPL) | C | C | D | A |
| BCE Inc. (BCE) | D | E | D | A |
| Bank of Nova Scotia (BNS) | B | B | C | A |
| TELUS (T) | C | D | C | A |
| Shaw (SJR.B) | C | C | D | A |
| Cdn Natural Resources (CNQ) | A | A | C | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | EnCana (ECA) | A | A | A | C |
| Teck Resources (TECK.B) | A | A | B | E |
| Magna (MG) | A | B | A | C |
| Imperial Oil (IMO) | A | A | A | C |
| Cdn Natural Resources (CNQ) | A | A | C | A |
| Manulife (MFC) | A | A | B | B |
| Alimentation Couche-Tard (ATD.B) | A | B | A | D |
| Thomson Reuters (TRI) | A | E | E | C |
| Nutrien (NTR) | A | A | B | B |
| CIBC (CM) | A | B | C | A |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Teck Resources (TECK.B) | A | A | B | E |
| EnCana (ECA) | A | A | A | C |
| First Quantum (FM) | C | A | B | E |
| Cenovus Energy (CVE) | E | A | A | D |
| Cameco (CCO) | E | A | D | E |
| Imperial Oil (IMO) | A | A | A | C |
| Power Corp of Canada (POW) | B | A | A | A |
| BlackBerry (BB) | F | A | D | F |
| Manulife (MFC) | A | A | B | B |
| Cdn Natural Resources (CNQ) | A | A | C | A |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | Cdn Natural Resources (CNQ) | Y | Y | Y |
| CIBC (CM) | Y | Y | |
| EnCana (ECA) | | Y | Y |
| Imperial Oil (IMO) | | Y | Y |
| Manulife (MFC) | | Y | Y |
| Power Corp of Canada (POW) | Y | | Y |
| Teck Resources (TECK.B) | | Y | Y |
| Alimentation Couche-Tard (ATD.B) | | Y | |
| BCE Inc. (BCE) | Y | | |
| Bank of Nova Scotia (BNS) | Y | | |
| BlackBerry (BB) | | | Y |
| Cameco (CCO) | | | Y |
| Cenovus Energy (CVE) | | | Y |
| Enbridge (ENB) | Y | | |
| First Quantum (FM) | | | Y |
| Inter Pipeline (IPL) | Y | | |
| Magna (MG) | | Y | |
| Nutrien (NTR) | | Y | |
| Pembina Pipeline (PPL) | Y | | |
| Shaw (SJR.B) | Y | | |
| TELUS (T) | Y | | |
| Thomson Reuters (TRI) | | Y | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Exxon Mobil (XOM) | B | A | A | A |
| IBM (IBM) | B | D | B | A |
| Chevron (CVX) | B | A | B | A |
| Verizon (VZ) | B | C | B | A |
| Pfizer (PFE) | B | C | D | A |
| 3M (MMM) | C | E | C | A |
| Walgreens (WBA) | A | B | A | B |
| Caterpillar (CAT) | A | D | B | B |
| Johnson & Johnson (JNJ) | C | D | D | B |
| Cisco (CSCO) | C | D | D | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | A | A | C | C |
| Walgreens (WBA) | A | B | A | B |
| Intel (INTC) | A | B | C | C |
| JP Morgan Chase (JPM) | A | B | C | B |
| Caterpillar (CAT) | A | D | B | B |
| Travelers (TRV) | A | A | A | D |
| IBM (IBM) | B | D | B | A |
| American Express (AXP) | B | C | C | E |
| Chevron (CVX) | B | A | B | A |
| Verizon (VZ) | B | C | B | A |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | A | A | C | C |
| DuPont (DD) | E | A | A | D |
| Travelers (TRV) | A | A | A | D |
| Chevron (CVX) | B | A | B | A |
| Exxon Mobil (XOM) | B | A | A | A |
| JP Morgan Chase (JPM) | A | B | C | B |
| Walgreens (WBA) | A | B | A | B |
| Walt Disney (DIS) | C | B | D | E |
| United Technologies (UTX) | D | B | B | D |
| Intel (INTC) | A | B | C | C |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | P/B | | Chevron (CVX) | Y | Y | Y |
| Walgreens (WBA) | Y | Y | Y |
| Caterpillar (CAT) | Y | Y | |
| Exxon Mobil (XOM) | Y | | Y |
| Goldman Sachs (GS) | | Y | Y |
| IBM (IBM) | Y | Y | |
| Intel (INTC) | | 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 |
| Johnson & Johnson (JNJ) | Y | | |
| Pfizer (PFE) | Y | | |
| United Technologies (UTX) | | | Y |
| Walt Disney (DIS) | | | Y |
| Notes... |
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