The Stingy News Weekly (06/30/2013)
| "Any man who is a bear on the future of this country will go
broke." | |
| - J.P.Morgan | |
Stingy Links
Is wine BS?
"A Lafite Rothschild Bordeaux sells for a minimum of around $500
a bottle, while humble brands like Charles Shaw and Franzia sell
for as little as $2. But as far as 'wine economists' are
concerned, the level of correlation between the price of a bottle of
wine and its quality is low or nonexistent. In a number of
damning studies, they suggest that wine is not just poorly priced, but
that the different tastes we describe in wine may all be in our
heads."
Saving investors from themselves
"I was once asked, at a journalism conference, how I defined my
job. I said: My job is to write the exact same thing between 50
and 100 times a year in such a way that neither my editors nor my
readers will ever think I am repeating myself. That's because
good advice rarely changes, while markets change constantly. The
temptation to pander is almost irresistible. And while people
need good advice, what they want is advice that sounds good."
Last Leucadia letter
"Forty-three years ago, the two of us met at Harvard Business
School and thirty-five years ago was the beginning of a remarkable
partnership - the results of which are tabulated on the opposite
page. The end of 2012 marks the end of this partnership and the
last letter from the two of us."
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 | 1 | 4 | 5 |
| Intel (INTC) | 4 | 4 | 2 | 5 |
| Merck (MRK) | 1 | 3 | 1 | 5 |
| Chevron (CVX) | 5 | 5 | 4 | 5 |
| EI DuPont (DD) | 5 | 2 | 4 | 5 |
| Pfizer (PFE) | 4 | 3 | 1 | 4 |
| General Electric (GE) | 3 | 5 | 3 | 4 |
| Johnson & Johnson (JNJ) | 2 | 2 | 1 | 4 |
| McDonald's (MCD) | 2 | 1 | 1 | 4 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Chevron (CVX) | 5 | 5 | 4 | 5 |
| Exxon Mobil (XOM) | 5 | 4 | 4 | 3 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 4 |
| EI DuPont (DD) | 5 | 2 | 4 | 5 |
| Caterpillar (CAT) | 5 | 3 | 5 | 3 |
| Intel (INTC) | 4 | 4 | 2 | 5 |
| Travelers (TRV) | 4 | 5 | 4 | 2 |
| UnitedHealth (UNH) | 4 | 4 | 5 | 1 |
| IBM (IBM) | 4 | 1 | 3 | 2 |
| Pfizer (PFE) | 4 | 3 | 1 | 4 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Chevron (CVX) | 5 | 5 | 4 | 5 | 2.63 |
| EI DuPont (DD) | 5 | 2 | 4 | 5 | 3.14 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 4 | 3.25 |
| Intel (INTC) | 4 | 4 | 2 | 5 | 3.27 |
| Exxon Mobil (XOM) | 5 | 4 | 4 | 3 | 3.28 |
| Caterpillar (CAT) | 5 | 3 | 5 | 3 | 3.83 |
| Pfizer (PFE) | 4 | 3 | 1 | 4 | 3.94 |
| Cisco (CSCO) | 4 | 4 | 2 | 3 | 4.83 |
| Travelers (TRV) | 4 | 5 | 4 | 2 | 4.85 |
| General Electric (GE) | 3 | 5 | 3 | 4 | 5.21 |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | V.R. | | Chevron (CVX) | Y | Y | Y |
| EI DuPont (DD) | Y | Y | Y |
| Intel (INTC) | Y | Y | Y |
| Pfizer (PFE) | Y | Y | Y |
| Caterpillar (CAT) | | Y | Y |
| Exxon Mobil (XOM) | | Y | Y |
| General Electric (GE) | Y | | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| AT&T (T) | Y | | |
| Cisco (CSCO) | | | Y |
| IBM (IBM) | | Y | |
| Johnson & Johnson (JNJ) | Y | | |
| McDonald's (MCD) | Y | | |
| Merck (MRK) | 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 |
| TransAlta (TA) | 0 | 3 | 3 | 5 |
| Crescent Point (CPG) | 1 | 3 | 1 | 5 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 |
| Enerplus (ERF) | 0 | 5 | 2 | 5 |
| Iamgold (IMG) | 5 | 5 | 4 | 5 |
| BCE Inc. (BCE) | 4 | 1 | 3 | 5 |
| CIBC (CM) | 5 | 3 | 3 | 5 |
| Barrick Gold (ABX) | 0 | 5 | 4 | 5 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Iamgold (IMG) | 5 | 5 | 4 | 5 |
| National Bank (NA) | 5 | 3 | 3 | 5 |
| CIBC (CM) | 5 | 3 | 3 | 5 |
| Agrium (AGU) | 5 | 3 | 5 | 2 |
| Imperial Oil (IMO) | 5 | 3 | 4 | 1 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 |
| Royal Bank (RY) | 5 | 2 | 2 | 4 |
| Magna (MG) | 5 | 3 | 5 | 1 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Iamgold (IMG) | 5 | 5 | 4 | 5 | 1.23 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 | 1.56 |
| CIBC (CM) | 5 | 3 | 3 | 5 | 1.83 |
| National Bank (NA) | 5 | 3 | 3 | 5 | 1.88 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 | 2.14 |
| BCE Inc. (BCE) | 4 | 1 | 3 | 5 | 2.37 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 | 2.46 |
| Royal Bank (RY) | 5 | 2 | 2 | 4 | 2.82 |
| Rogers (RCI.B) | 4 | 1 | 3 | 4 | 2.92 |
| Sun Life Financial (SLF) | 4 | 4 | 5 | 4 | 2.97 |
| 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 |
| Iamgold (IMG) | Y | Y | Y |
| BCE Inc. (BCE) | Y | | Y |
| Bank of Nova Scotia (BNS) | | Y | Y |
| National Bank (NA) | | Y | Y |
| Royal Bank (RY) | | Y | Y |
| Agrium (AGU) | | Y | |
| Barrick Gold (ABX) | Y | | |
| Crescent Point (CPG) | Y | | |
| Enerplus (ERF) | Y | | |
| Imperial Oil (IMO) | | Y | |
| Magna (MG) | | Y | |
| Penn West Petroleum (PWT) | Y | | |
| Rogers (RCI.B) | | | Y |
| Sun Life Financial (SLF) | | | Y |
| TransAlta (TA) | Y | | |
| Notes... |
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