The Stingy News Weekly: 01/16/2019
Stingy Links
Time to do something
"How sensitive are your investment actions to new information?" [Behaviour]
Long-term thinking
"On a daily basis, it's more or less a coin flip between being
positive or negative but the further out you extend the time
horizon the better your chances of success." [Markets]
Payday anomaly revisited
"First, by replicating and comparing the initial paper to other
data sets, we found out that yes, there were days with stronger
average returns, specifically day 16, day 1, day 2, and
end-of-the-month days." [Markets]
Dual momentum fragility
"By simply diversifying across multiple implementations, we can
dramatically reduce model specification risk and even potentially
see improvements in realized metrics such as Sharpe ratio and
maximum drawdown." [Momentum Investing]
Battle for Stuart Olson
"As a long-term shareholder, I wish Crescendo Partners and
Jamarant Capital every success in their quest to reduce the valuation
discount that we all see in the Stuart Olson stock price.
Depending on whom they nominate for the board, I may very well vote
for their candidates. But in spite of my optimism, I suspect that
we have seen only the opening salvo of a protracted battle for
the future of the company." [$] [Value Investing]
John Bogle dies at 89
"John C. Bogle, 89, who revolutionized the way Americans save for
the future, championed the interests of the small investor, and
railed against corporate greed and the excesses of Wall Street,
died of cancer Wednesday at his home in Bryn Mawr, his family
confirmed." [Indexing]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Inter Pipeline (IPL) | B | D | D | A |
| ARC Resources (ARX) | D | A | D | A |
| Power Corp of Canada (POW) | A | A | A | A |
| Enbridge (ENB) | E | C | B | A |
| BCE Inc. (BCE) | C | E | C | A |
| Emera (EMA) | E | B | B | A |
| Pembina Pipeline (PPL) | C | D | D | A |
| TransCanada (TRP) | B | D | E | A |
| CIBC (CM) | A | B | C | A |
| TELUS (T) | C | D | C | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Teck Resources (TECK.B) | A | A | B | E |
| Metro (MRU) | A | D | B | D |
| Magna (MG) | A | C | A | C |
| Husky Energy (HSE) | A | A | A | C |
| CIBC (CM) | A | B | C | A |
| Power Corp of Canada (POW) | A | A | A | A |
| National Bank (NA) | A | C | C | B |
| Bank of Nova Scotia (BNS) | A | B | C | B |
| Bank of Montreal (BMO) | A | B | C | B |
| Royal Bank (RY) | A | C | D | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Crescent Point (CPG) | F | A | A | E |
| Goldcorp (G) | E | A | D | E |
| Cenovus Energy (CVE) | F | A | A | D |
| First Quantum (FM) | E | A | C | E |
| Teck Resources (TECK.B) | A | A | B | E |
| Power Corp of Canada (POW) | A | A | A | A |
| Husky Energy (HSE) | A | A | A | C |
| Kinross Gold (K) | C | A | B | F |
| ARC Resources (ARX) | D | A | D | A |
| Manulife (MFC) | C | A | B | A |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | Power Corp of Canada (POW) | Y | Y | Y |
| ARC Resources (ARX) | Y | | Y |
| CIBC (CM) | Y | Y | |
| Husky Energy (HSE) | | Y | Y |
| Teck Resources (TECK.B) | | Y | Y |
| BCE Inc. (BCE) | Y | | |
| Bank of Montreal (BMO) | | Y | |
| Bank of Nova Scotia (BNS) | | Y | |
| Cenovus Energy (CVE) | | | Y |
| Crescent Point (CPG) | | | Y |
| Emera (EMA) | Y | | |
| Enbridge (ENB) | Y | | |
| First Quantum (FM) | | | Y |
| Goldcorp (G) | | | Y |
| Inter Pipeline (IPL) | Y | | |
| Kinross Gold (K) | | | Y |
| Magna (MG) | | Y | |
| Manulife (MFC) | | | Y |
| Metro (MRU) | | Y | |
| National Bank (NA) | | Y | |
| Pembina Pipeline (PPL) | Y | | |
| Royal Bank (RY) | | Y | |
| TELUS (T) | Y | | |
| TransCanada (TRP) | Y | | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | IBM (IBM) | C | D | A | A |
| Exxon Mobil (XOM) | A | B | A | A |
| Verizon (VZ) | A | C | B | A |
| Chevron (CVX) | B | A | B | A |
| Pfizer (PFE) | A | C | E | A |
| Coca-Cola (KO) | E | E | E | A |
| JP Morgan Chase (JPM) | A | A | D | B |
| Procter & Gamble (PG) | C | C | D | B |
| Cisco (CSCO) | E | C | D | B |
| Merck (MRK) | E | D | E | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Verizon (VZ) | A | C | B | A |
| Pfizer (PFE) | A | C | E | A |
| JP Morgan Chase (JPM) | A | A | D | B |
| Apple (AAPL) | A | D | C | D |
| Exxon Mobil (XOM) | A | B | A | A |
| Walgreens (WBA) | A | B | A | D |
| Walt Disney (DIS) | B | B | C | E |
| Travelers (TRV) | B | A | A | C |
| Goldman Sachs (GS) | B | A | C | D |
| 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 | D |
| DowDuPont (DWDP) | E | A | B | C |
| Chevron (CVX) | B | A | B | A |
| Travelers (TRV) | B | A | A | C |
| JP Morgan Chase (JPM) | A | A | D | B |
| Exxon Mobil (XOM) | A | B | A | A |
| Walgreens (WBA) | A | B | A | D |
| United Technologies (UTX) | B | B | B | C |
| Intel (INTC) | B | B | C | C |
| Walt Disney (DIS) | B | B | C | E |
| 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 |
| Goldman Sachs (GS) | | Y | Y |
| Pfizer (PFE) | Y | Y | |
| Travelers (TRV) | | Y | Y |
| Verizon (VZ) | Y | Y | |
| Walgreens (WBA) | | Y | Y |
| Walt Disney (DIS) | | Y | Y |
| Apple (AAPL) | | Y | |
| Cisco (CSCO) | Y | | |
| Coca-Cola (KO) | Y | | |
| DowDuPont (DWDP) | | | Y |
| IBM (IBM) | Y | | |
| Intel (INTC) | | | Y |
| Merck (MRK) | Y | | |
| Procter & Gamble (PG) | Y | | |
| United Technologies (UTX) | | | Y |
| Notes... |
* Corrected CPG's dividend yield to reflect the recent cut.
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