The Stingy News Weekly (11/03/2013)
| "Investors repeatedly jump ship on a good strategy just because it
hasn't worked so well lately, and, almost invariably, abandon
it at precisely the wrong time." | |
| - David Dreman | |
Stingy Links
Prem Watsa the Canadian Warren Buffett
"Fairfax, which has a portfolio worth US$24.1 billion, has gained
31% this year, compared with a 7.8% rise in the Standard &
Poor's/TSX Composite Index. The investment firm has returned 13%
annually over the past 20 years, mirroring the rise of Warren
Buffett's Berkshire Hathaway Inc., according to data compiled by
Bloomberg."
Obamacare's losers and why they matter
"If we want health inflation to stay low and health care costs to
be less of an anchor on advancement, we should want more
Americans making $50,000 or $60,000 or $70,000 to spend less upfront
on health insurance, rather than using regulatory pressure to
induce them to spend more. And seen in that light, the potential
problem with Obamacare's regulation-driven 'rate shock' isn't that
it doesn't let everyone keep their pre-existing plans. It's
that it cancels plans, and raises rates, for people who were doing
their part to keep all of our costs low."
Political fear vs technical needs
"Inside the Department of Health and Human Services. Centers for
Medicare and Medicaid, the main agency responsible for the
exchanges, there was no single administrator whose full-time job was
to manage the project."
The pension dragon
"After days of struggling to understand the financial condition
of the retirement system for state employees and teachers, she
came to realize that the system no longer made sense. Years of
mismanagement and underfunding had allowed money to be drained that
was needed to pay promised pensions. The crisis was much worse
than Raimondo had expected."
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 |
| Merck (MRK) | 1 | 4 | 2 | 5 |
| Intel (INTC) | 4 | 4 | 3 | 5 |
| McDonald's (MCD) | 3 | 1 | 1 | 5 |
| Chevron (CVX) | 5 | 5 | 5 | 5 |
| Microsoft (MSFT) | 4 | 3 | 1 | 4 |
| Pfizer (PFE) | 5 | 4 | 1 | 4 |
| Procter & Gamble (PG) | 2 | 3 | 2 | 4 |
| Cisco (CSCO) | 4 | 5 | 3 | 4 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Pfizer (PFE) | 5 | 4 | 1 | 4 |
| Chevron (CVX) | 5 | 5 | 5 | 5 |
| Goldman Sachs (GS) | 5 | 5 | 3 | 1 |
| Travelers (TRV) | 5 | 5 | 4 | 2 |
| Exxon Mobil (XOM) | 5 | 4 | 5 | 3 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 |
| EI DuPont (DD) | 4 | 2 | 4 | 4 |
| Cisco (CSCO) | 4 | 5 | 3 | 4 |
| IBM (IBM) | 4 | 1 | 3 | 2 |
| UnitedHealth (UNH) | 4 | 4 | 5 | 2 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Pfizer (PFE) | 5 | 4 | 1 | 4 | 2.79 |
| Chevron (CVX) | 5 | 5 | 5 | 5 | 2.90 |
| Intel (INTC) | 4 | 4 | 3 | 5 | 3.56 |
| Exxon Mobil (XOM) | 5 | 4 | 5 | 3 | 3.90 |
| Cisco (CSCO) | 4 | 5 | 3 | 4 | 4.04 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 | 4.08 |
| EI DuPont (DD) | 4 | 2 | 4 | 4 | 4.12 |
| Microsoft (MSFT) | 4 | 3 | 1 | 4 | 4.16 |
| Travelers (TRV) | 5 | 5 | 4 | 2 | 4.81 |
| McDonald's (MCD) | 3 | 1 | 1 | 5 | 5.16 |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | V.R. | | Chevron (CVX) | Y | Y | Y |
| Cisco (CSCO) | Y | Y | Y |
| Pfizer (PFE) | Y | Y | Y |
| EI DuPont (DD) | | Y | Y |
| Exxon Mobil (XOM) | | Y | Y |
| Intel (INTC) | Y | | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| McDonald's (MCD) | Y | | Y |
| Microsoft (MSFT) | Y | | Y |
| Travelers (TRV) | | Y | Y |
| AT&T (T) | Y | | |
| Goldman Sachs (GS) | | Y | |
| IBM (IBM) | | Y | |
| Merck (MRK) | Y | | |
| Procter & Gamble (PG) | Y | | |
| UnitedHealth (UNH) | | Y | |
| Verizon (VZ) | Y | | |
| Notes... |
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | TransAlta (TA) | 1 | 4 | 4 | 5 |
| Canadian Oil Sands (COS) | 5 | 3 | 2 | 5 |
| Crescent Point (CPG) | 0 | 3 | 1 | 5 |
| Enerplus (ERF) | 0 | 5 | 2 | 5 |
| BCE Inc. (BCE) | 4 | 1 | 3 | 5 |
| Penn West Petroleum (PWT) | 1 | 5 | 3 | 5 |
| CIBC (CM) | 5 | 2 | 3 | 5 |
| EnCana (ECA) | 1 | 2 | 2 | 5 |
| Potash Corp. (POT) | 4 | 2 | 1 | 5 |
| ARC Resources (ARX) | 1 | 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 |
| Metro (MRU) | 5 | 2 | 5 | 1 |
| National Bank (NA) | 5 | 3 | 3 | 4 |
| Brookfield (BAM.A) | 5 | 4 | 4 | 1 |
| Agrium (AGU) | 5 | 4 | 5 | 3 |
| CIBC (CM) | 5 | 2 | 3 | 5 |
| Bank of Montreal (BMO) | 5 | 3 | 3 | 4 |
| Canadian Oil Sands (COS) | 5 | 3 | 2 | 5 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 |
| Imperial Oil (IMO) | 5 | 2 | 4 | 1 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Canadian Oil Sands (COS) | 5 | 3 | 2 | 5 | 1.64 |
| Power Corp of Canada (POW) | 5 | 4 | 5 | 4 | 2.07 |
| BCE Inc. (BCE) | 4 | 1 | 3 | 5 | 2.36 |
| CIBC (CM) | 5 | 2 | 3 | 5 | 2.44 |
| National Bank (NA) | 5 | 3 | 3 | 4 | 2.46 |
| Bank of Montreal (BMO) | 5 | 3 | 3 | 4 | 2.76 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 | 3.02 |
| Sun Life Financial (SLF) | 4 | 4 | 4 | 5 | 3.19 |
| Royal Bank (RY) | 4 | 2 | 2 | 4 | 3.30 |
| Husky Energy (HSE) | 4 | 4 | 4 | 4 | 3.38 |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | V.R. | | CIBC (CM) | Y | Y | Y |
| Canadian Oil Sands (COS) | Y | Y | Y |
| BCE Inc. (BCE) | Y | | Y |
| Bank of Montreal (BMO) | | Y | Y |
| Bank of Nova Scotia (BNS) | | Y | Y |
| National Bank (NA) | | Y | Y |
| Power Corp of Canada (POW) | | Y | Y |
| ARC Resources (ARX) | Y | | |
| Agrium (AGU) | | Y | |
| Brookfield (BAM.A) | | Y | |
| Crescent Point (CPG) | Y | | |
| EnCana (ECA) | Y | | |
| Enerplus (ERF) | Y | | |
| Husky Energy (HSE) | | | Y |
| Imperial Oil (IMO) | | Y | |
| Metro (MRU) | | Y | |
| Penn West Petroleum (PWT) | Y | | |
| Potash Corp. (POT) | Y | | |
| Royal Bank (RY) | | | Y |
| Sun Life Financial (SLF) | | | Y |
| TransAlta (TA) | Y | | |
| Notes... |
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