The Stingy News Weekly (06/12/2011)
| "To me, it's obvious that the winner has to bet very selectively.
It's been obvious to me since very early in life. I don't know
why it's not obvious to very many other people." | |
| - Charlie Munger | |
Stingy Links
State finances are worse than estimated
"Fixed interest expenses are absorbing a bigger and bigger share
of state budgets, leaving a shrinking portion for everything
else. Today, debt service absorbs half of Nevada's budget, and 40%
of Michigan's. In Arizona, California, Connecticut, Ohio and
Illinois, the share now exceeds 20%."
Groupon has no competitive advantage
"Groupon, a service that keeps half the proceeds from discounts
that connect consumers to local merchants – has no competitive
advantage and can’t get one."
Bob Rodriguez's perspective
"Since coming back to work on Jan. 1, he has found himself galled
once again by what he sees. Fund managers, emboldened by their
mammoth gains, clamor for risk. Junk bonds remain wildly
popular. Even more stunning, says Rodriguez, is the government's
failure to address its debt. 'I know one thing from business,' he
says, his voice quavering as he tries, mostly successfully, not to
yell. 'Unless you correct the problems that are already
occurring, you don't add on new leverage and new, other responsibilities
until you correct the old! All you're going to do is capsize the
ship!'"
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | AT&T (T) | 5 | 5 | 3 | 5 |
| Verizon (VZ) | 1 | 3 | 5 | 5 |
| Merck (MRK) | 1 | 3 | 2 | 5 |
| Pfizer (PFE) | 1 | 4 | 1 | 5 |
| Kraft (KFT) | 1 | 4 | 4 | 5 |
| Johnson & Johnson (JNJ) | 3 | 2 | 1 | 5 |
| Intel (INTC) | 4 | 3 | 1 | 4 |
| EI DuPont (DD) | 3 | 1 | 3 | 4 |
| Procter & Gamble (PG) | 2 | 3 | 2 | 4 |
| General Electric (GE) | 3 | 5 | 4 | 4 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Travelers (TRV) | 5 | 5 | 4 | 3 |
| AT&T (T) | 5 | 5 | 3 | 5 |
| Hewlett-Packard (HPQ) | 5 | 4 | 5 | 1 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 |
| Microsoft (MSFT) | 5 | 2 | 1 | 3 |
| Chevron (CVX) | 4 | 4 | 4 | 4 |
| Intel (INTC) | 4 | 3 | 1 | 4 |
| Exxon Mobil (XOM) | 4 | 3 | 4 | 2 |
| Wal-Mart (WMT) | 4 | 3 | 5 | 3 |
| Cisco (CSCO) | 4 | 4 | 2 | 1 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | AT&T (T) | 5 | 5 | 3 | 5 | 1.52 |
| Travelers (TRV) | 5 | 5 | 4 | 3 | 3.00 |
| Intel (INTC) | 4 | 3 | 1 | 4 | 3.03 |
| Chevron (CVX) | 4 | 4 | 4 | 4 | 3.12 |
| Microsoft (MSFT) | 5 | 2 | 1 | 3 | 3.49 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 3 | 3.65 |
| EI DuPont (DD) | 3 | 1 | 3 | 4 | 4.22 |
| Wal-Mart (WMT) | 4 | 3 | 5 | 3 | 4.26 |
| Coca-Cola (KO) | 4 | 1 | 1 | 3 | 4.35 |
| Johnson & Johnson (JNJ) | 3 | 2 | 1 | 5 | 4.41 |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | V.R. | | AT&T (T) | Y | Y | Y |
| Intel (INTC) | Y | Y | Y |
| Chevron (CVX) | | Y | Y |
| EI DuPont (DD) | Y | | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Johnson & Johnson (JNJ) | Y | | Y |
| Microsoft (MSFT) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| Wal-Mart (WMT) | | Y | Y |
| Cisco (CSCO) | | Y | |
| Coca-Cola (KO) | | | Y |
| Exxon Mobil (XOM) | | Y | |
| General Electric (GE) | Y | | |
| Hewlett-Packard (HPQ) | | Y | |
| Kraft (KFT) | Y | | |
| Merck (MRK) | Y | | |
| Pfizer (PFE) | Y | | |
| Procter & Gamble (PG) | Y | | |
| Verizon (VZ) | Y | | |
| Notes... |
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Yellow Media (YLO) | 3 | 5 | 4 | 5 |
| Enerplus (ERF) | 1 | 5 | 1 | 5 |
| TransAlta (TA) | 4 | 4 | 4 | 5 |
| BCE Inc. (BCE) | 3 | 2 | 4 | 5 |
| Sun Life Financial (SLF) | 5 | 5 | 5 | 5 |
| ARC Resources (ARX) | 1 | 2 | 1 | 5 |
| Penn West Petroleum (PWT) | 1 | 5 | 1 | 5 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| Shaw (SJR.B) | 2 | 1 | 3 | 5 |
| CIBC (CM) | 5 | 2 | 3 | 5 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Research In Motion (RIM) | 5 | 3 | 5 | 0 |
| Magna (MG) | 5 | 5 | 5 | 3 |
| Nexen (NXY) | 5 | 5 | 3 | 1 |
| Inmet Mining (IMN) | 5 | 4 | 2 | 1 |
| Sun Life Financial (SLF) | 5 | 5 | 5 | 5 |
| Canadian Tire (CTC.A) | 5 | 5 | 5 | 3 |
| National Bank (NA) | 5 | 3 | 3 | 4 |
| Tim Hortons (THI) | 5 | 1 | 2 | 2 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| Brookfield (BAM.A) | 5 | 5 | 4 | 3 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Yellow Media (YLO) | 3 | 5 | 4 | 5 | 0.81 |
| Sun Life Financial (SLF) | 5 | 5 | 5 | 5 | 2.01 |
| TransAlta (TA) | 4 | 4 | 4 | 5 | 2.32 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 | 2.55 |
| CIBC (CM) | 5 | 2 | 3 | 5 | 2.73 |
| BCE Inc. (BCE) | 3 | 2 | 4 | 5 | 2.98 |
| Power Corp of Canada (POW) | 4 | 5 | 5 | 5 | 3.10 |
| National Bank (NA) | 5 | 3 | 3 | 4 | 3.18 |
| Canadian Oil Sands (COS) | 4 | 1 | 2 | 4 | 3.25 |
| Rogers (RCI.B) | 4 | 1 | 3 | 4 | 3.53 |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | V.R. | | Bank of Montreal (BMO) | Y | Y | Y |
| Sun Life Financial (SLF) | Y | Y | Y |
| BCE Inc. (BCE) | Y | | Y |
| CIBC (CM) | Y | | Y |
| National Bank (NA) | | Y | Y |
| TransAlta (TA) | Y | | Y |
| Yellow Media (YLO) | Y | | Y |
| ARC Resources (ARX) | Y | | |
| Brookfield (BAM.A) | | Y | |
| Canadian Oil Sands (COS) | | | Y |
| Canadian Tire (CTC.A) | | Y | |
| Enerplus (ERF) | Y | | |
| Inmet Mining (IMN) | | Y | |
| Magna (MG) | | Y | |
| Nexen (NXY) | | Y | |
| Penn West Petroleum (PWT) | Y | | |
| Power Corp of Canada (POW) | | | Y |
| Research In Motion (RIM) | | Y | |
| Rogers (RCI.B) | | | Y |
| Shaw (SJR.B) | Y | | |
| Tim Hortons (THI) | | Y | |
| Notes... |
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