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The Stingy News Weekly (11/01/2018)
| "The first principle is that you must not fool yourself - and you
are the easiest person to fool." | |
| - Richard Feynman | |
New from StingyInvestor
Take the long view
"the graveyards of the past provide a dose of solace for those
who fear that the clammy hand of death will descend on their
portfolios." [$]
Stingy Links
Won in translation
"We visited a few times and fell in love, particularly with the
city of Granada. The next logical step: determining if we could
swing it financially." [World]
Tom Gayner interview
"Gayner went to the University of Virginia and studied
accounting, following which he went to work for PricewaterhouseCoopers.
While working as an accountant, he realised that he had made a
mistake and soon decided to shift to investing" [video] [Value Investing]
When stocks fell
"So roughly 60% of the time a 10% correction didn't lead to a
bear market while roughly 40% of the time it did. The further down
you go on the loss spectrum the smaller the sample size but this
gives you a good idea of how things have looked historically in
terms of the loss profile of the stock market once they have
already begun their descent." [Markets]
Trend following tracking error
"The tracking error to a trend following strategy is large. When
tracking error goes against you, this is an extremely painful
process one can endure. Human emotions get involved - which is
generally not good for investment decisions." [Momentum Investing]
Send your wealth up in smoke
"If you rang in the new millennium by buying shares of Cisco
Systems you selected a quality, profitable technology business. You
would have also purchased a business that would see revenues
nearly triple over the subsequent eighteen years while growing
earnings per share by more than 600% (or about 12% per year) thanks
to expanding margins. But had you made this purchase and held it
until October 2018, you'd have seen the share price tank by 17%
in U.S. dollars." [Hallett]
Manulife bailout
James comments on regulatory assistance provided to MFC. [Government]
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 |
| Crescent Point (CPG) | F | A | B | A |
| BCE Inc. (BCE) | C | E | C | A |
| Power Corp of Canada (POW) | A | A | A | A |
| TransCanada (TRP) | B | D | D | A |
| Pembina Pipeline (PPL) | D | C | D | A |
| ARC Resources (ARX) | E | A | D | A |
| Shaw (SJR.B) | E | D | D | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Metro (MRU) | A | D | 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 |
| CIBC (CM) | A | C | C | B |
| National Bank (NA) | A | C | B | B |
| Bank of Nova Scotia (BNS) | A | B | C | A |
| Royal Bank (RY) | A | D | D | B |
| Sun Life Financial (SLF) | A | B | B | 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 |
| Manulife (MFC) | D | A | B | B |
| Husky Energy (HSE) | B | A | B | C |
| Cameco (CCO) | F | A | D | 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 | | IBM (IBM) | B | D | A | A |
| Verizon (VZ) | A | C | B | A |
| Exxon Mobil (XOM) | B | B | A | A |
| Chevron (CVX) | B | A | B | A |
| Coca-Cola (KO) | E | E | E | A |
| Procter & Gamble (PG) | C | C | D | A |
| Pfizer (PFE) | A | B | E | B |
| Merck (MRK) | E | D | E | B |
| JP Morgan Chase (JPM) | A | A | D | B |
| Cisco (CSCO) | E | D | D | 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 |
| JP Morgan Chase (JPM) | A | A | D | B |
| Travelers (TRV) | A | A | A | C |
| Walt Disney (DIS) | A | C | C | E |
| Walgreens (WBA) | A | B | A | D |
| Exxon Mobil (XOM) | B | B | A | A |
| Goldman Sachs (GS) | B | A | C | E |
| Intel (INTC) | B | B | C | C |
| Chevron (CVX) | B | A | B | A |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | B | A | C | E |
| DowDuPont (DWDP) | E | A | B | C |
| Chevron (CVX) | B | A | B | A |
| Travelers (TRV) | A | A | A | C |
| JP Morgan Chase (JPM) | A | A | D | B |
| Exxon Mobil (XOM) | B | B | A | A |
| Walgreens (WBA) | A | B | A | D |
| 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 |
| JP Morgan Chase (JPM) | Y | Y | Y |
| Pfizer (PFE) | Y | Y | Y |
| Goldman Sachs (GS) | | Y | Y |
| Intel (INTC) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| Verizon (VZ) | Y | Y | |
| Walgreens (WBA) | | 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 |
| Walt Disney (DIS) | | Y | |
| Notes... |
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| Disclaimers: Consult with a
qualified investment adviser before trading. Past performance is a
poor indicator of future performance. The information on this site,
and in its related newsletters, is not intended to be, nor does it
constitute, financial advice or recommendations. The information on
this site is in no way guaranteed for completeness, accuracy or in any
other way. More...
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