The Stingy News Weekly (07/05/2014)
| "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 | |
Stingy Links
Never buy expensive stocks. Period.
"One can't even simulate a scenario where a diversified portfolio
of 30 expensive stocks can beat the worst performing portfolio
of 30 cheap stocks. Why investors allocate to expensive, or
"growth," stocks is beyond me." [Markets]
The board game of the alpha nerds
"If you've ever heard of Diplomacy, chances are you know it as
'the game that ruins friendships.' It's also likely you've never
finished an entire game. That's because Diplomacy requires seven
players and seven or eight hours to complete. Games played by
postal mail, the way most played for the first 30 years of its
existence, could take longer than a year to finish. Despite this,
Diplomacy is one of the most popular strategic board games in
history." [Fun]
Good businesses at good prices
"Price-to-book is the least impressive value factor I've tested,
and ROE is the least impressive measure of
quality/profitability." [Markets]
Addicted to zero
"So tell me again why central bankers in North America feel they
have to 'keep our economy going' by maintaining a zero-interest
rate policy." [Government]
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | AT&T (T) | 5 | 5 | 4 | 5 |
| Verizon (VZ) | 5 | 1 | 4 | 5 |
| Pfizer (PFE) | 5 | 4 | 1 | 5 |
| General Electric (GE) | 2 | 5 | 3 | 5 |
| Chevron (CVX) | 5 | 5 | 5 | 5 |
| McDonald's (MCD) | 3 | 1 | 2 | 5 |
| Procter & Gamble (PG) | 2 | 4 | 3 | 4 |
| Cisco (CSCO) | 3 | 4 | 2 | 4 |
| Merck (MRK) | 1 | 3 | 1 | 4 |
| Intel (INTC) | 3 | 4 | 2 | 4 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Travelers (TRV) | 5 | 5 | 4 | 2 |
| Pfizer (PFE) | 5 | 4 | 1 | 5 |
| AT&T (T) | 5 | 5 | 4 | 5 |
| Verizon (VZ) | 5 | 1 | 4 | 5 |
| Goldman Sachs (GS) | 5 | 5 | 3 | 1 |
| Chevron (CVX) | 5 | 5 | 5 | 5 |
| IBM (IBM) | 4 | 1 | 3 | 2 |
| Exxon Mobil (XOM) | 4 | 4 | 5 | 3 |
| JP Morgan Chase (JPM) | 4 | 5 | 3 | 4 |
| UnitedHealth (UNH) | 4 | 4 | 5 | 1 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | AT&T (T) | 5 | 5 | 4 | 5 | 2.04 |
| Verizon (VZ) | 5 | 1 | 4 | 5 | 2.61 |
| Pfizer (PFE) | 5 | 4 | 1 | 5 | 2.78 |
| Chevron (CVX) | 5 | 5 | 5 | 5 | 3.92 |
| Travelers (TRV) | 5 | 5 | 4 | 2 | 3.95 |
| JP Morgan Chase (JPM) | 4 | 5 | 3 | 4 | 5.05 |
| Exxon Mobil (XOM) | 4 | 4 | 5 | 3 | 5.19 |
| IBM (IBM) | 4 | 1 | 3 | 2 | 5.53 |
| Cisco (CSCO) | 3 | 4 | 2 | 4 | 5.63 |
| McDonald's (MCD) | 3 | 1 | 2 | 5 | 5.72 |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | V.R. | | AT&T (T) | Y | Y | Y |
| Chevron (CVX) | Y | Y | Y |
| Pfizer (PFE) | Y | Y | Y |
| Verizon (VZ) | Y | Y | Y |
| Cisco (CSCO) | Y | | Y |
| Exxon Mobil (XOM) | | Y | Y |
| IBM (IBM) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| McDonald's (MCD) | Y | | Y |
| Travelers (TRV) | | Y | Y |
| General Electric (GE) | Y | | |
| Goldman Sachs (GS) | | Y | |
| Intel (INTC) | Y | | |
| Merck (MRK) | Y | | |
| Procter & Gamble (PG) | Y | | |
| UnitedHealth (UNH) | | Y | |
| Notes... |
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Crescent Point (CPG) | 1 | 3 | 1 | 5 |
| Canadian Oil Sands (COS) | 4 | 2 | 2 | 5 |
| TransAlta (TA) | 0 | 4 | 4 | 5 |
| Penn West Petroleum (PWT) | 0 | 5 | 3 | 5 |
| BCE Inc. (BCE) | 3 | 1 | 3 | 5 |
| Rogers (RCI.B) | 5 | 1 | 3 | 5 |
| National Bank (NA) | 5 | 4 | 3 | 5 |
| CIBC (CM) | 5 | 3 | 3 | 5 |
| Enerplus (ERF) | 1 | 2 | 1 | 5 |
| Shaw (SJR.B) | 3 | 2 | 3 | 5 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | National Bank (NA) | 5 | 4 | 3 | 5 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 |
| Manulife (MFC) | 5 | 5 | 3 | 3 |
| CIBC (CM) | 5 | 3 | 3 | 5 |
| Bombardier (BBD.B) | 5 | 1 | 5 | 3 |
| Brookfield (BAM.A) | 5 | 4 | 4 | 2 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 |
| Royal Bank (RY) | 5 | 2 | 2 | 4 |
| Rogers (RCI.B) | 5 | 1 | 3 | 5 |
| Canadian Oil Sands (COS) | 4 | 2 | 2 | 5 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Canadian Oil Sands (COS) | 4 | 2 | 2 | 5 | 2.42 |
| National Bank (NA) | 5 | 4 | 3 | 5 | 2.54 |
| CIBC (CM) | 5 | 3 | 3 | 5 | 3.04 |
| Bank of Montreal (BMO) | 5 | 4 | 3 | 5 | 3.05 |
| Rogers (RCI.B) | 5 | 1 | 3 | 5 | 3.25 |
| Royal Bank (RY) | 5 | 2 | 2 | 4 | 3.61 |
| BCE Inc. (BCE) | 3 | 1 | 3 | 5 | 3.67 |
| Bank of Nova Scotia (BNS) | 5 | 3 | 2 | 4 | 3.73 |
| Power Corp of Canada (POW) | 4 | 5 | 5 | 4 | 3.77 |
| Shaw (SJR.B) | 3 | 2 | 3 | 5 | 4.13 |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | V.R. | | CIBC (CM) | Y | Y | Y |
| Canadian Oil Sands (COS) | Y | Y | Y |
| National Bank (NA) | Y | Y | Y |
| Rogers (RCI.B) | Y | Y | Y |
| BCE Inc. (BCE) | Y | | Y |
| Bank of Montreal (BMO) | | Y | Y |
| Bank of Nova Scotia (BNS) | | Y | Y |
| Royal Bank (RY) | | Y | Y |
| Shaw (SJR.B) | Y | | Y |
| Bombardier (BBD.B) | | Y | |
| Brookfield (BAM.A) | | Y | |
| Crescent Point (CPG) | Y | | |
| Enerplus (ERF) | Y | | |
| Manulife (MFC) | | Y | |
| Penn West Petroleum (PWT) | Y | | |
| Power Corp of Canada (POW) | | | Y |
| TransAlta (TA) | Y | | |
| Notes... |
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