The Stingy News Weekly (02/10/2013)
| "People like the robber barons assumed that the doctrine of the
survival of the fittest authenticated them as deserving power. You
know, "I'm the richest. Therefore, I'm the best. God's in his
heaven, etc." And that reaction of the robber barons was so
irritating to people that it made it unfashionable to think of an
economy as an ecosystem. But the truth is that it is a lot like an
ecosystem. And you get many of the same results." | |
| - Charlie Munger | |
New @ StingyInvestor
Tetanus for Tim?
"Spartan accommodations are one reason I became interested in a
stock owned by money manager Tim McElvaine. He quipped that he
felt the need to get a tetanus shot before visiting the aging
headquarters of the company"
Stingy Links
Beware of the bias
"The sponsors of American corporate-pension plans still expect
7.6% nominal returns from their portfolios, and fund their schemes
accordingly. But given the plans' allocation of assets to
low-yielding bonds, such targets imply a nominal return of 12.5% from
equities, or 10% after inflation. That is way above the
historical experience of stockmarket returns. Congress has relieved the
pressure on pension-plan funding by allowing companies to
fiddle with the discount rate so as to make their liabilities look
smaller. But as Mr Marsh remarks, this approach is akin to a
homeowner who, upon hearing of the approach of a hurricane, decides
not to board up his house but to smash his barometer."
New cough medication
"It's a suppressant. Sometimes."
Shiller on housing
"Robert Shiller, a professor at Yale University and co-creator of
the S&P/Case-Shiller index of property values, talks about the
outlook for the U.S. housing market."
The Psychology of Human Misjudgement
"Audio of the often referred to speech by Charlie Munger on the
psychology of human misjudgement given to an audience at Harvard
University circa Jun 1995."
Legacy of Benjamin Graham
"Legacy of Benjamin Graham: The Original Adjunct Professor."
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | AT&T (T) | 1 | 4 | 3 | 5 |
| Verizon (VZ) | 1 | 2 | 4 | 5 |
| Intel (INTC) | 5 | 4 | 3 | 5 |
| Merck (MRK) | 2 | 4 | 1 | 5 |
| Pfizer (PFE) | 4 | 3 | 1 | 5 |
| EI DuPont (DD) | 3 | 1 | 4 | 5 |
| Microsoft (MSFT) | 3 | 3 | 1 | 4 |
| General Electric (GE) | 2 | 4 | 3 | 4 |
| McDonald's (MCD) | 2 | 1 | 1 | 4 |
| Johnson & Johnson (JNJ) | 2 | 2 | 1 | 4 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Chevron (CVX) | 5 | 5 | 4 | 4 |
| Exxon Mobil (XOM) | 5 | 3 | 5 | 3 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 |
| Intel (INTC) | 5 | 4 | 3 | 5 |
| UnitedHealth (UNH) | 5 | 4 | 5 | 1 |
| Caterpillar (CAT) | 4 | 2 | 4 | 2 |
| Travelers (TRV) | 4 | 5 | 4 | 2 |
| Cisco (CSCO) | 4 | 4 | 2 | 3 |
| Pfizer (PFE) | 4 | 3 | 1 | 5 |
| IBM (IBM) | 4 | 1 | 2 | 2 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Intel (INTC) | 5 | 4 | 3 | 5 | 2.29 |
| Chevron (CVX) | 5 | 5 | 4 | 4 | 2.80 |
| Exxon Mobil (XOM) | 5 | 3 | 5 | 3 | 3.52 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 | 3.74 |
| Pfizer (PFE) | 4 | 3 | 1 | 5 | 3.85 |
| Microsoft (MSFT) | 3 | 3 | 1 | 4 | 4.45 |
| EI DuPont (DD) | 3 | 1 | 4 | 5 | 4.47 |
| Merck (MRK) | 2 | 4 | 1 | 5 | 4.53 |
| Cisco (CSCO) | 4 | 4 | 2 | 3 | 5.06 |
| General Electric (GE) | 2 | 4 | 3 | 4 | 5.12 |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | V.R. | | Intel (INTC) | Y | Y | Y |
| Pfizer (PFE) | Y | Y | Y |
| Chevron (CVX) | | Y | Y |
| Cisco (CSCO) | | Y | Y |
| EI DuPont (DD) | Y | | Y |
| Exxon Mobil (XOM) | | Y | Y |
| General Electric (GE) | Y | | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Merck (MRK) | Y | | Y |
| Microsoft (MSFT) | Y | | Y |
| AT&T (T) | Y | | |
| Caterpillar (CAT) | | Y | |
| IBM (IBM) | | Y | |
| Johnson & Johnson (JNJ) | Y | | |
| McDonald's (MCD) | Y | | |
| Travelers (TRV) | | Y | |
| UnitedHealth (UNH) | | Y | |
| Verizon (VZ) | Y | | |
| Notes... |
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Penn West Petroleum (PWT) | 1 | 5 | 3 | 5 |
| Enerplus (ERF) | 0 | 5 | 2 | 5 |
| TransAlta (TA) | 0 | 3 | 4 | 5 |
| Crescent Point (CPG) | 1 | 3 | 1 | 5 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 |
| BCE Inc. (BCE) | 4 | 1 | 4 | 5 |
| Sun Life Financial (SLF) | 1 | 5 | 5 | 5 |
| ARC Resources (ARX) | 1 | 2 | 1 | 5 |
| CIBC (CM) | 5 | 2 | 3 | 5 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | First Quantum (FM) | 5 | 3 | 2 | 1 |
| National Bank (NA) | 5 | 3 | 3 | 4 |
| Iamgold (IMG) | 5 | 5 | 3 | 3 |
| Magna (MG) | 5 | 4 | 5 | 2 |
| Bombardier (BBD.B) | 5 | 1 | 5 | 3 |
| Imperial Oil (IMO) | 5 | 2 | 4 | 1 |
| Barrick Gold (ABX) | 5 | 5 | 2 | 3 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| CIBC (CM) | 5 | 2 | 3 | 5 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 | 1.62 |
| National Bank (NA) | 5 | 3 | 3 | 4 | 2.00 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 | 2.24 |
| CIBC (CM) | 5 | 2 | 3 | 5 | 2.30 |
| BCE Inc. (BCE) | 4 | 1 | 4 | 5 | 2.50 |
| Power Corp of Canada (POW) | 4 | 4 | 5 | 5 | 2.68 |
| Bank of Nova Scotia (BNS) | 4 | 3 | 2 | 4 | 2.92 |
| Iamgold (IMG) | 5 | 5 | 3 | 3 | 2.99 |
| Penn West Petroleum (PWT) | 1 | 5 | 3 | 5 | 3.03 |
| TD Bank (TD) | 4 | 3 | 2 | 4 | 3.29 |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | V.R. | | Bank of Montreal (BMO) | Y | Y | Y |
| CIBC (CM) | Y | Y | Y |
| Canadian Oil Sands (COS) | Y | Y | Y |
| BCE Inc. (BCE) | Y | | Y |
| Iamgold (IMG) | | Y | Y |
| National Bank (NA) | | Y | Y |
| Penn West Petroleum (PWT) | Y | | Y |
| ARC Resources (ARX) | Y | | |
| Bank of Nova Scotia (BNS) | | | Y |
| Barrick Gold (ABX) | | Y | |
| Bombardier (BBD.B) | | Y | |
| Crescent Point (CPG) | Y | | |
| Enerplus (ERF) | Y | | |
| First Quantum (FM) | | Y | |
| Imperial Oil (IMO) | | Y | |
| Magna (MG) | | Y | |
| Power Corp of Canada (POW) | | | Y |
| Sun Life Financial (SLF) | Y | | |
| TD Bank (TD) | | | Y |
| TransAlta (TA) | Y | | |
| Notes... |
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