The Stingy News Weekly: 08/22/2021
Stingy Links
The impact of goodwill
"Liu, Yin, and Zheng.s findings led them to conclude that the
negative return predictability of goodwill is due to the fact that
investors underreact to the negative information on the firm
value associated with high goodwill. Perhaps the publication of
their paper will lead to at least a reduction in the size of the
anomaly, as their findings were not limited to small firms where
limits to arbitrage can allow mispricings to persist." [Value Investing]
A wealth tax will disappoint
"Such a tax would be an exercise in futility. And this isn't
simply conjecture - wealth taxes have been tried. In 1990, 12
European countries had a wealth tax. By 2018, that number dropped to
four" [Taxes]
Touching the sky
"With today's new high (4,479.71) in the S&P 500, the share of
funds model now rates the market as having the highest valuation
since 1945. The share of funds in stocks is over 52.3%. Projected
returns over the next 10 years are -1.87%/year, not adjusted
for inflation." [Markets]
Fake honesty
"A landmark study that endorsed a simple way to curb cheating is
going to be retracted nearly a decade later after a group of
scientists found that it relied on faked data." [Behaviour]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Enbridge (ENB) | B | B | B | A |
| Pembina Pipeline (PPL) | F | B | D | A |
| TC Energy (TRP) | D | C | D | A |
| BCE Inc. (BCE) | D | D | C | A |
| Cdn Natural Resources (CNQ) | C | A | C | A |
| Barrick Gold (ABX) | B | B | D | A |
| Bank of Nova Scotia (BNS) | B | B | B | A |
| Manulife (MFC) | A | A | A | A |
| TELUS (T) | D | D | B | A |
| Emera (EMA) | C | B | C | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Kinross Gold (K) | A | A | B | C |
| Manulife (MFC) | A | A | A | A |
| Thomson Reuters (TRI) | A | E | E | D |
| Algonquin Power (AQN) | A | C | E | A |
| Canadian Apartment REIT (CAR.UN) | A | A | E | C |
| TD Bank (TD) | A | B | C | B |
| Sun Life Financial (SLF) | A | A | B | B |
| Power Corp of Canada (POW) | A | A | A | B |
| Kirkland Lake Gold (KL) | A | C | E | D |
| CIBC (CM) | A | B | C | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Teck Resources (TECK.B) | E | A | B | E |
| Cenovus Energy (CVE) | E | A | A | E |
| Suncor Energy (SU) | C | A | B | B |
| Kinross Gold (K) | A | A | B | C |
| Imperial Oil (IMO) | F | A | A | B |
| Manulife (MFC) | A | A | A | A |
| Canadian Apartment REIT (CAR.UN) | A | A | E | C |
| Power Corp of Canada (POW) | A | A | A | B |
| First Quantum (FM) | D | A | D | E |
| Cdn Natural Resources (CNQ) | C | A | C | A |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | Manulife (MFC) | Y | Y | Y |
| Canadian Apartment REIT (CAR.UN) | | Y | Y |
| Cdn Natural Resources (CNQ) | Y | | Y |
| Kinross Gold (K) | | Y | Y |
| Power Corp of Canada (POW) | | Y | Y |
| Algonquin Power (AQN) | | Y | |
| BCE Inc. (BCE) | Y | | |
| Bank of Nova Scotia (BNS) | Y | | |
| Barrick Gold (ABX) | Y | | |
| CIBC (CM) | | Y | |
| Cenovus Energy (CVE) | | | Y |
| Emera (EMA) | Y | | |
| Enbridge (ENB) | Y | | |
| First Quantum (FM) | | | Y |
| Imperial Oil (IMO) | | | Y |
| Kirkland Lake Gold (KL) | | Y | |
| Pembina Pipeline (PPL) | 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) | E | A | A | A |
| IBM (IBM) | C | C | B | A |
| Dow (DOW) | A | B | A | A |
| Verizon (VZ) | A | B | B | A |
| Walgreens (WBA) | B | A | A | A |
| Merck (MRK) | D | C | C | B |
| Amgen (AMGN) | B | E | D | B |
| 3M (MMM) | B | D | C | B |
| Coca-Cola (KO) | D | D | E | B |
| Intel (INTC) | B | B | C | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | A | A | B | D |
| JP Morgan Chase (JPM) | A | A | C | C |
| Travelers (TRV) | A | A | A | C |
| Dow (DOW) | A | B | A | A |
| Verizon (VZ) | A | B | B | A |
| Intel (INTC) | B | B | C | B |
| Walgreens (WBA) | B | A | A | A |
| American Express (AXP) | B | B | C | E |
| 3M (MMM) | B | D | C | B |
| Amgen (AMGN) | B | E | D | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Chevron (CVX) | E | A | A | A |
| Goldman Sachs (GS) | A | A | B | D |
| Travelers (TRV) | A | A | A | C |
| JP Morgan Chase (JPM) | A | A | C | C |
| Walgreens (WBA) | B | A | A | A |
| Intel (INTC) | B | B | C | B |
| Dow (DOW) | A | B | A | A |
| Verizon (VZ) | A | B | B | A |
| Walt Disney (DIS) | E | B | D | F |
| American Express (AXP) | B | B | C | E |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | P/B | | Dow (DOW) | Y | Y | Y |
| Intel (INTC) | Y | Y | Y |
| Verizon (VZ) | Y | Y | Y |
| Walgreens (WBA) | Y | Y | Y |
| 3M (MMM) | Y | Y | |
| American Express (AXP) | | Y | Y |
| Amgen (AMGN) | Y | Y | |
| Chevron (CVX) | Y | | Y |
| Goldman Sachs (GS) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| Coca-Cola (KO) | Y | | |
| IBM (IBM) | Y | | |
| Merck (MRK) | Y | | |
| Walt Disney (DIS) | | | Y |
| Notes... |
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