The Stingy News Weekly: 06/20/2021
Stingy Links
Estimating future stock returns
"On March 31st, the S&P 500 was priced to return 0.07%/year over
the next 10 years. Today, that figure is -0.67%. At the close on
Monday, that figure was -1.03%. These figures do not take
account of inflation, so it indicates real annual returns between
negative 2 and negative 3 percent." [Markets]
Harder than it looks
"The more we describe successful people as having guru-like
powers, the more everyone else looks at them and says, 'I could never
do that.' Which is unfortunate, because more people would be
willing to try if they knew that those they admire are probably
normal people who played the odds right." [Behaviour]
Maintaining the flame
"As absolute return investors, we're empathetic to the challenges
of maintaining discipline throughout an entire market cycle.
While refusing to overpay and protecting capital during periods of
excessive overvaluation sounds easy, it is not. It's one of the
most difficult duties required by a portfolio manager and
fiduciary. And while it's never been easy, the current market cycle's
duration and extremes have made it the most challenging cycle
of our careers." [Value Investing]
Mid-Caps
"Unfortunately, this creates a conundrum for investors. They can
look at 90-years of data for US stocks, where mid-caps did not
generate attractive excess returns, or 30-years of data across
other stock markets where mid-caps outperformed." [Markets]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Brookfield Property Partners (BPY.UN) | F | A | A | A |
| Enbridge (ENB) | B | B | B | A |
| Pembina Pipeline (PPL) | F | C | D | A |
| BCE Inc. (BCE) | C | D | C | A |
| TC Energy (TRP) | D | C | D | A |
| TELUS (T) | D | D | B | A |
| Manulife (MFC) | A | A | A | A |
| Power Corp of Canada (POW) | B | A | A | A |
| Emera (EMA) | C | B | C | A |
| Bank of Nova Scotia (BNS) | B | A | C | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Kinross Gold (K) | A | A | C | D |
| Thomson Reuters (TRI) | A | D | E | D |
| Manulife (MFC) | A | A | A | A |
| Algonquin Power (AQN) | A | B | E | A |
| Canadian Apartment REIT (CAR.UN) | A | A | E | C |
| TD Bank (TD) | A | B | D | B |
| CIBC (CM) | A | B | C | B |
| National Bank (NA) | A | C | C | C |
| Sun Life Financial (SLF) | A | B | B | B |
| Royal Bank (RY) | A | C | D | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Brookfield Property Partners (BPY.UN) | F | A | A | A |
| Teck Resources (TECK.B) | F | A | B | E |
| Cenovus Energy (CVE) | F | A | A | E |
| Canadian Apartment REIT (CAR.UN) | A | A | E | C |
| Manulife (MFC) | A | A | A | A |
| Power Corp of Canada (POW) | B | A | A | A |
| Suncor Energy (SU) | E | A | B | C |
| Imperial Oil (IMO) | F | A | B | C |
| Kinross Gold (K) | A | A | C | D |
| Bank of Nova Scotia (BNS) | B | A | C | A |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | Manulife (MFC) | Y | Y | Y |
| Bank of Nova Scotia (BNS) | Y | | Y |
| Brookfield Property Partners (BPY.UN) | Y | | Y |
| Canadian Apartment REIT (CAR.UN) | | Y | Y |
| Kinross Gold (K) | | Y | Y |
| Power Corp of Canada (POW) | Y | | Y |
| Algonquin Power (AQN) | | Y | |
| BCE Inc. (BCE) | Y | | |
| CIBC (CM) | | Y | |
| Cenovus Energy (CVE) | | | Y |
| Emera (EMA) | Y | | |
| Enbridge (ENB) | Y | | |
| Imperial Oil (IMO) | | | Y |
| National Bank (NA) | | Y | |
| Pembina Pipeline (PPL) | Y | | |
| Royal Bank (RY) | | Y | |
| Sun Life Financial (SLF) | | Y | |
| Suncor Energy (SU) | | | Y |
| TC Energy (TRP) | Y | | |
| TD Bank (TD) | | Y | |
| TELUS (T) | Y | | |
| Teck Resources (TECK.B) | | | Y |
| Thomson Reuters (TRI) | | Y | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Chevron (CVX) | F | A | B | A |
| Verizon (VZ) | A | B | A | A |
| IBM (IBM) | C | C | A | A |
| Merck (MRK) | C | D | C | A |
| Walgreens (WBA) | A | B | A | A |
| Coca-Cola (KO) | D | D | E | B |
| 3M (MMM) | B | D | C | B |
| Amgen (AMGN) | B | E | D | B |
| Cisco (CSCO) | C | C | D | B |
| Procter & Gamble (PG) | C | D | C | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | A | A | B | E |
| Walgreens (WBA) | A | B | A | A |
| Verizon (VZ) | A | B | A | A |
| JP Morgan Chase (JPM) | A | A | C | C |
| Intel (INTC) | A | B | C | C |
| Travelers (TRV) | B | A | A | C |
| DuPont (DD) | B | A | B | D |
| Amgen (AMGN) | B | E | D | B |
| 3M (MMM) | B | D | C | B |
| UnitedHealth (UNH) | B | C | A | D |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Travelers (TRV) | B | A | A | C |
| Goldman Sachs (GS) | A | A | B | E |
| Chevron (CVX) | F | A | B | A |
| DuPont (DD) | B | A | B | D |
| JP Morgan Chase (JPM) | A | A | C | C |
| Walgreens (WBA) | A | B | A | A |
| Intel (INTC) | A | B | C | C |
| Verizon (VZ) | A | B | A | A |
| Walt Disney (DIS) | E | B | D | F |
| Wal-Mart (WMT) | D | B | A | D |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | P/B | | Verizon (VZ) | Y | Y | Y |
| Walgreens (WBA) | Y | Y | Y |
| 3M (MMM) | Y | Y | |
| Amgen (AMGN) | Y | Y | |
| Chevron (CVX) | Y | | Y |
| DuPont (DD) | | Y | Y |
| Goldman Sachs (GS) | | Y | Y |
| Intel (INTC) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| Cisco (CSCO) | Y | | |
| Coca-Cola (KO) | Y | | |
| IBM (IBM) | Y | | |
| Merck (MRK) | Y | | |
| Procter & Gamble (PG) | Y | | |
| UnitedHealth (UNH) | | Y | |
| Wal-Mart (WMT) | | | Y |
| Walt Disney (DIS) | | | Y |
| Notes... |
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