The Stingy News Weekly: 01/10/2020
Stingy Links
Rebalancing frequency
"My prior with most market-based analyses is that the patterns we
observe are just noise and randomness. Given the conclusions
found from those who have studied rebalancing previously, I am
inclined to believe that this is true in this case as well." [Markets]
Value's underperformance
"Critics of value investing have declared the death of value.
However, the empirical analysis suggests it is unlikely because the
size of the current drawdown, while painful, is not an outlier,
and the pre- and post-2007 data suggest there have been no
statistically significant changes in the two drivers of the value
premium - migration and profitability. The simple explanation for
value's underperformance is the relative increase in the
valuations of growth stocks." [Value Investing]
The art of not selling
"Of our most costly mistakes over the years, almost all have been
sell decisions. The mistake, in virtually every instance, has
been selling too soon." [Markets]
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 |
| CIBC (CM) | A | A | B | A |
| BCE Inc. (BCE) | C | D | D | A |
| Pembina Pipeline (PPL) | C | C | D | A |
| Bank of Nova Scotia (BNS) | A | B | C | A |
| Power Corp of Canada (POW) | B | A | A | A |
| TELUS (T) | C | D | C | A |
| Shaw (SJR.B) | C | C | D | A |
| TC Energy (TRP) | C | D | E | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | EnCana (ECA) | A | A | A | D |
| Nutrien (NTR) | A | A | B | B |
| Teck Resources (TECK.B) | A | A | B | E |
| Magna (MG) | A | B | A | C |
| CIBC (CM) | A | A | B | A |
| Imperial Oil (IMO) | A | A | B | C |
| Bank of Nova Scotia (BNS) | A | B | C | A |
| Thomson Reuters (TRI) | A | E | E | C |
| Manulife (MFC) | A | A | A | B |
| National Bank (NA) | A | C | 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 | D |
| First Quantum (FM) | D | A | B | E |
| Cenovus Energy (CVE) | D | A | A | C |
| Cameco (CCO) | E | A | D | E |
| Imperial Oil (IMO) | A | A | B | C |
| Power Corp of Canada (POW) | B | A | A | A |
| Nutrien (NTR) | A | A | B | B |
| Kinross Gold (K) | E | A | B | F |
| Manulife (MFC) | A | A | A | B |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | Bank of Nova Scotia (BNS) | Y | Y | |
| CIBC (CM) | Y | Y | |
| EnCana (ECA) | | Y | Y |
| Imperial Oil (IMO) | | Y | Y |
| Manulife (MFC) | | Y | Y |
| Nutrien (NTR) | | Y | Y |
| Power Corp of Canada (POW) | Y | | Y |
| Teck Resources (TECK.B) | | Y | Y |
| BCE Inc. (BCE) | Y | | |
| Cameco (CCO) | | | Y |
| Cenovus Energy (CVE) | | | Y |
| Enbridge (ENB) | Y | | |
| First Quantum (FM) | | | Y |
| Inter Pipeline (IPL) | Y | | |
| Kinross Gold (K) | | | Y |
| Magna (MG) | | Y | |
| National Bank (NA) | | Y | |
| Pembina Pipeline (PPL) | Y | | |
| Shaw (SJR.B) | 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 |
| Walgreens (WBA) | A | B | A | A |
| 3M (MMM) | C | E | C | B |
| Cisco (CSCO) | B | D | D | 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 |
| Walgreens (WBA) | A | B | A | A |
| 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 |
| Verizon (VZ) | B | C | B | A |
| Travelers (TRV) | B | A | A | C |
| American Express (AXP) | B | C | C | E |
| IBM (IBM) | B | D | B | A |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | DuPont (DD) | E | A | A | D |
| Goldman Sachs (GS) | A | A | C | 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 | A |
| Walt Disney (DIS) | C | B | C | 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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