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The Stingy News Weekly (11/23/2014)
| "I don't read economic forecasts. I don't read the funny papers." | |
| - Warren Buffett | |
New from StingyInvestor
High-flying Fairfax
"Melding value investing with momentum investing tends to be
particularly powerful. In this case, think of value investing as the
meat and potatoes of portfolio construction. The idea is to
stick to good companies at reasonable prices. Momentum investing
represents the horseradish because it favours hot stocks that are
expected to move even higher."
Stingy Links
Price-to-book value ratios
"...analyzing the results for stocks based on their price-to-book
value ratios underlines and highlights why we should always
seek access to the longest datasets we can find, as they offer much
better indications of what investors should expect from various
types of investing." [Value Investing]
Doubling down
"With a sample from 1/1990 to 12/2013, the paper finds that a
portfolio formed of the positions that fund managers add to after
recent stock-level underperformance generates significant
annualized risk-adjusted outperformance of between 5% to 15% (Table
below shows the monthly performances). Double down portfolios
perform best with around a 6 to 9 month holding period." [Funds]
Joel Greenblatt on WealthTrack
"Joel Greenblatt of the Gotham Funds will explain his big change
in portfolio strategy, from a very concentrated approach to
broad diversification." [Value Investing]
TFSA loophole for the rich
"Loophole allows the rich to qualify for the GIS and reveals
Canada's broken system" [Taxes]
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | AT&T (T) | 5 | 5 | 4 | 5 |
| Verizon (VZ) | 5 | 1 | 4 | 5 |
| Chevron (CVX) | 5 | 5 | 5 | 5 |
| McDonald's (MCD) | 2 | 1 | 2 | 5 |
| Pfizer (PFE) | 3 | 4 | 1 | 5 |
| General Electric (GE) | 2 | 5 | 3 | 5 |
| Merck (MRK) | 1 | 3 | 1 | 4 |
| Procter & Gamble (PG) | 1 | 3 | 3 | 4 |
| Exxon Mobil (XOM) | 4 | 4 | 5 | 4 |
| Cisco (CSCO) | 3 | 4 | 3 | 4 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Travelers (TRV) | 5 | 5 | 4 | 2 |
| AT&T (T) | 5 | 5 | 4 | 5 |
| Verizon (VZ) | 5 | 1 | 4 | 5 |
| Chevron (CVX) | 5 | 5 | 5 | 5 |
| Goldman Sachs (GS) | 5 | 5 | 3 | 1 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 |
| Exxon Mobil (XOM) | 4 | 4 | 5 | 4 |
| IBM (IBM) | 4 | 1 | 4 | 4 |
| United Technologies (UTX) | 4 | 4 | 4 | 2 |
| American Express (AXP) | 4 | 2 | 2 | 1 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | AT&T (T) | 5 | 5 | 4 | 5 | 2.07 |
| Verizon (VZ) | 5 | 1 | 4 | 5 | 2.48 |
| Chevron (CVX) | 5 | 5 | 5 | 5 | 3.02 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 | 4.22 |
| Exxon Mobil (XOM) | 4 | 4 | 5 | 4 | 4.27 |
| Travelers (TRV) | 5 | 5 | 4 | 2 | 4.75 |
| IBM (IBM) | 4 | 1 | 4 | 4 | 4.78 |
| McDonald's (MCD) | 2 | 1 | 2 | 5 | 5.41 |
| Pfizer (PFE) | 3 | 4 | 1 | 5 | 5.49 |
| General Electric (GE) | 2 | 5 | 3 | 5 | 6.32 |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | V.R. | | AT&T (T) | Y | Y | Y |
| Chevron (CVX) | Y | Y | Y |
| Exxon Mobil (XOM) | Y | Y | Y |
| Verizon (VZ) | Y | Y | Y |
| General Electric (GE) | Y | | Y |
| IBM (IBM) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| McDonald's (MCD) | Y | | Y |
| Pfizer (PFE) | Y | | Y |
| Travelers (TRV) | | Y | Y |
| American Express (AXP) | | Y | |
| Cisco (CSCO) | Y | | |
| Goldman Sachs (GS) | | Y | |
| Merck (MRK) | Y | | |
| Procter & Gamble (PG) | Y | | |
| United Technologies (UTX) | | Y | |
| Notes... |
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Penn West Petroleum (PWT) | 0 | 5 | 4 | 5 |
| Canadian Oil Sands (COS) | 4 | 3 | 3 | 5 |
| Crescent Point (CPG) | 1 | 4 | 1 | 5 |
| TransAlta (TA) | 0 | 4 | 4 | 5 |
| Enerplus (ERF) | 2 | 3 | 2 | 5 |
| BCE Inc. (BCE) | 3 | 1 | 3 | 5 |
| Teck Resources (TCK.B) | 2 | 5 | 4 | 5 |
| Husky Energy (HSE) | 4 | 5 | 4 | 5 |
| Talisman Energy (TLM) | 0 | 5 | 4 | 5 |
| ARC Resources (ARX) | 1 | 2 | 1 | 5 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | EnCana (ECA) | 5 | 4 | 2 | 2 |
| Manulife (MFC) | 5 | 5 | 3 | 3 |
| Imperial Oil (IMO) | 5 | 3 | 4 | 1 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 |
| Brookfield (BAM.A) | 5 | 4 | 3 | 1 |
| Power Corp of Canada (POW) | 5 | 5 | 5 | 4 |
| National Bank (NA) | 5 | 2 | 3 | 4 |
| Bank of Montreal (BMO) | 5 | 3 | 2 | 4 |
| Magna (MG) | 5 | 2 | 5 | 2 |
| CIBC (CM) | 4 | 2 | 3 | 4 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Canadian Oil Sands (COS) | 4 | 3 | 3 | 5 | 1.72 |
| EnCana (ECA) | 5 | 4 | 2 | 2 | 3.05 |
| Husky Energy (HSE) | 4 | 5 | 4 | 5 | 3.10 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 | 3.14 |
| Power Corp of Canada (POW) | 5 | 5 | 5 | 4 | 3.33 |
| Bank of Montreal (BMO) | 5 | 3 | 2 | 4 | 3.36 |
| National Bank (NA) | 5 | 2 | 3 | 4 | 3.40 |
| CIBC (CM) | 4 | 2 | 3 | 4 | 3.43 |
| Enerplus (ERF) | 2 | 3 | 2 | 5 | 3.43 |
| Manulife (MFC) | 5 | 5 | 3 | 3 | 3.58 |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | V.R. | | Bank of Montreal (BMO) | | Y | Y |
| Bank of Nova Scotia (BNS) | | Y | Y |
| CIBC (CM) | | Y | Y |
| Canadian Oil Sands (COS) | Y | | Y |
| EnCana (ECA) | | Y | Y |
| Enerplus (ERF) | Y | | Y |
| Husky Energy (HSE) | Y | | Y |
| Manulife (MFC) | | Y | Y |
| National Bank (NA) | | Y | Y |
| Power Corp of Canada (POW) | | Y | Y |
| ARC Resources (ARX) | Y | | |
| BCE Inc. (BCE) | Y | | |
| Brookfield (BAM.A) | | Y | |
| Crescent Point (CPG) | Y | | |
| Imperial Oil (IMO) | | Y | |
| Magna (MG) | | Y | |
| Penn West Petroleum (PWT) | Y | | |
| Talisman Energy (TLM) | Y | | |
| Teck Resources (TCK.B) | Y | | |
| TransAlta (TA) | Y | | |
| Notes... |
The Rothery Report
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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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