The Stingy News Weekly: 12/03/2019
Stingy News Flash
The Top 200 and Top Dividend Stocks features have been updated and are
now available to Rothery Report subscribers.
Stingy Links
8 centuries of global real interest rates
"Against their long-term context, currently depressed sovereign
real rates are in fact converging 'back to historical trend.'" [Markets]
Source of market returns
"When you look at the data, however, this decade's performance is
being almost exclusively driven by the fundamentals, much to
the chagrin of perma-bears who blame everything that's happened on
the Fed." [Markets]
Unit economics
"Bluegrass Capital talks modern value with Tobias Carlisle"
[video] [Value Investing]
Floyd Odlum
"He then pooled together another $39,000 to form his first
partnership. That original $39,000 grew to $150M in controlled assets.
All that during a span of just twelve years." [Value Investing]
Paid for luck
"This paper shows that the standard form of option compensation,
with non-indexed at-the-money options, is very far from optimal,
though, as its pay-for-luck component is in the ballpark of
90%, and its motivational power is rather low." [Management]
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) | C | B | C | A |
| Pembina Pipeline (PPL) | B | C | D | A |
| CIBC (CM) | A | B | C | A |
| Power Corp of Canada (POW) | B | A | A | A |
| BCE Inc. (BCE) | C | D | D | A |
| Bank of Nova Scotia (BNS) | A | B | C | A |
| TELUS (T) | C | D | C | A |
| TC Energy (TRP) | C | C | E | A |
| Emera (EMA) | C | C | C | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | EnCana (ECA) | A | A | A | C |
| Nutrien (NTR) | A | A | B | B |
| Teck Resources (TECK.B) | A | A | B | E |
| Imperial Oil (IMO) | A | A | B | C |
| Magna (MG) | A | B | A | C |
| CIBC (CM) | A | B | C | A |
| Manulife (MFC) | A | A | A | B |
| Bank of Montreal (BMO) | A | B | B | B |
| Thomson Reuters (TRI) | A | E | E | C |
| Cdn Natural Resources (CNQ) | A | B | C | B |
| 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) | D | A | B | E |
| Cenovus Energy (CVE) | C | A | A | C |
| Imperial Oil (IMO) | A | A | B | C |
| Cameco (CCO) | E | A | D | E |
| Power Corp of Canada (POW) | B | A | A | A |
| SNC-Lavalin (SNC) | F | A | A | E |
| Manulife (MFC) | A | A | A | B |
| BlackBerry (BB) | E | A | D | F |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | 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 |
| BCE Inc. (BCE) | Y | | |
| Bank of Montreal (BMO) | | Y | |
| Bank of Nova Scotia (BNS) | Y | | |
| BlackBerry (BB) | | | Y |
| Cameco (CCO) | | | Y |
| Cdn Natural Resources (CNQ) | | Y | |
| Cenovus Energy (CVE) | | | Y |
| Emera (EMA) | Y | | |
| Enbridge (ENB) | Y | | |
| First Quantum (FM) | | | Y |
| Inter Pipeline (IPL) | Y | | |
| Magna (MG) | | Y | |
| Nutrien (NTR) | | Y | |
| Pembina Pipeline (PPL) | Y | | |
| SNC-Lavalin (SNC) | | | Y |
| TC Energy (TRP) | 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) | C | A | A | A |
| IBM (IBM) | B | D | B | A |
| Verizon (VZ) | B | C | B | A |
| Chevron (CVX) | B | A | B | A |
| Pfizer (PFE) | A | B | D | A |
| 3M (MMM) | C | E | C | A |
| Walgreens (WBA) | A | B | A | B |
| Cisco (CSCO) | B | D | C | B |
| Coca-Cola (KO) | E | E | E | B |
| Caterpillar (CAT) | A | D | B | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | A | A | C | D |
| JP Morgan Chase (JPM) | A | B | D | C |
| Intel (INTC) | A | C | C | D |
| Caterpillar (CAT) | A | D | B | B |
| Pfizer (PFE) | A | B | D | A |
| Walgreens (WBA) | A | B | A | B |
| American Express (AXP) | B | C | C | E |
| Travelers (TRV) | B | A | A | C |
| IBM (IBM) | B | D | 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 | D |
| DuPont (DD) | E | A | A | D |
| Travelers (TRV) | B | A | A | C |
| Chevron (CVX) | B | A | B | A |
| Exxon Mobil (XOM) | C | A | A | A |
| JP Morgan Chase (JPM) | A | B | D | C |
| Walgreens (WBA) | A | B | A | B |
| Walt Disney (DIS) | C | B | D | E |
| United Technologies (UTX) | D | B | B | D |
| Pfizer (PFE) | A | B | D | A |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | P/B | | Pfizer (PFE) | Y | Y | Y |
| Walgreens (WBA) | Y | Y | Y |
| Caterpillar (CAT) | Y | Y | |
| Chevron (CVX) | Y | | Y |
| Exxon Mobil (XOM) | Y | | Y |
| Goldman Sachs (GS) | | Y | Y |
| IBM (IBM) | 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 | | |
| Coca-Cola (KO) | Y | | |
| DuPont (DD) | | | Y |
| Intel (INTC) | | Y | |
| United Technologies (UTX) | | | Y |
| Walt Disney (DIS) | | | Y |
| Notes... |
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