The Stingy News Weekly (10/16/2011)
| "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
Capitol gains
"It’s also possible that congressional insiders could have simply
stopped reporting potentially dubious transactions once they
knew people were paying attention. According to Ziobrowski, the
forms still aren’t audited, and they’re woefully inadequate—for
example, Eggers and Hainmueller say there’s no clear method for
reporting short-selling, one of the major ways to profit from
inside information."
A trillion here, $500 billion there
"In 2009 Joshua Rauh of the Kellogg School of Management at
Northwestern University and Robert Novy-Marx, then at the University
of Chicago’s Booth School of Business, estimated that the
deficit of American state and local-government pension plans was $3.1
trillion. Mr Rauh reckons that the deficit is now $4.4 trillion.
In other words, a cool $1.3 trillion has been added in two
years."
Longleaf Q3
"I think the future of equities will be roughly the same as their
past in particular, common-stock purchases will prove
satisfactory when made at appropriate price levels. It may be objected
that it is far too cursory and superficial a conclusion that it
fails to take into account the new factors and problems that have
entered the economic picture in recent years — especially those
of ... the movement towards less consumption and zero growth.
Perhaps I should add to my list the widespread public mistrust of
Wall Street as a whole, engendered by its well-nigh scandalous
behavior during recent years in the areas of ethics, financial
practices of all sorts, and plain business sense."
Why China won't conquer the world
"Its young are incapable, its old are exhausted, and box-ticking
bureaucrats make life hell. China, a superpower? First it needs
to grow up"
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | AT&T (T) | 5 | 4 | 3 | 5 |
| Verizon (VZ) | 1 | 3 | 4 | 5 |
| Merck (MRK) | 1 | 4 | 2 | 5 |
| Pfizer (PFE) | 1 | 4 | 2 | 5 |
| EI DuPont (DD) | 3 | 2 | 4 | 5 |
| General Electric (GE) | 3 | 5 | 3 | 5 |
| Intel (INTC) | 4 | 3 | 1 | 4 |
| Johnson & Johnson (JNJ) | 2 | 2 | 1 | 4 |
| Kraft (KFT) | 1 | 4 | 3 | 4 |
| Procter & Gamble (PG) | 2 | 3 | 2 | 4 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Hewlett-Packard (HPQ) | 5 | 5 | 5 | 2 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 4 |
| AT&T (T) | 5 | 4 | 3 | 5 |
| Chevron (CVX) | 5 | 4 | 4 | 3 |
| Travelers (TRV) | 5 | 5 | 5 | 4 |
| Microsoft (MSFT) | 4 | 1 | 1 | 2 |
| Exxon Mobil (XOM) | 4 | 3 | 4 | 2 |
| Intel (INTC) | 4 | 3 | 1 | 4 |
| Alcoa (AA) | 4 | 5 | 5 | 1 |
| American Express (AXP) | 4 | 2 | 2 | 1 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | AT&T (T) | 5 | 4 | 3 | 5 | 1.44 |
| JP Morgan Chase (JPM) | 5 | 5 | 3 | 4 | 2.17 |
| Chevron (CVX) | 5 | 4 | 4 | 3 | 2.82 |
| Intel (INTC) | 4 | 3 | 1 | 4 | 3.02 |
| Travelers (TRV) | 5 | 5 | 5 | 4 | 3.03 |
| Verizon (VZ) | 1 | 3 | 4 | 5 | 3.21 |
| EI DuPont (DD) | 3 | 2 | 4 | 5 | 3.43 |
| Hewlett-Packard (HPQ) | 5 | 5 | 5 | 2 | 3.49 |
| General Electric (GE) | 3 | 5 | 3 | 5 | 3.62 |
| Pfizer (PFE) | 1 | 4 | 2 | 5 | 4.23 |
| 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 |
| General Electric (GE) | Y | | Y |
| Hewlett-Packard (HPQ) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Pfizer (PFE) | Y | | Y |
| Travelers (TRV) | | Y | Y |
| Verizon (VZ) | Y | | Y |
| Alcoa (AA) | | Y | |
| American Express (AXP) | | Y | |
| Exxon Mobil (XOM) | | Y | |
| Johnson & Johnson (JNJ) | Y | | |
| Kraft (KFT) | Y | | |
| Merck (MRK) | Y | | |
| Microsoft (MSFT) | | Y | |
| Procter & Gamble (PG) | Y | | |
| Notes... |
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Enerplus (ERF) | 1 | 4 | 1 | 5 |
| Penn West Petroleum (PWT) | 3 | 5 | 2 | 5 |
| Sun Life Financial (SLF) | 5 | 5 | 5 | 5 |
| BCE Inc. (BCE) | 2 | 2 | 4 | 5 |
| TransAlta (TA) | 2 | 3 | 3 | 5 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 |
| ARC Resources (ARX) | 1 | 2 | 1 | 5 |
| Husky Energy (HSE) | 3 | 4 | 4 | 5 |
| Bank of Montreal (BMO) | 4 | 4 | 3 | 5 |
| Power Corp of Canada (POW) | 4 | 4 | 5 | 5 |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Research In Motion (RIM) | 5 | 4 | 5 | 0 |
| Nexen (NXY) | 5 | 5 | 4 | 2 |
| Inmet Mining (IMN) | 5 | 5 | 2 | 1 |
| Brookfield (BAM.A) | 5 | 5 | 4 | 2 |
| Bombardier (BBD.B) | 5 | 1 | 5 | 3 |
| Sun Life Financial (SLF) | 5 | 5 | 5 | 5 |
| Magna (MG) | 5 | 5 | 5 | 3 |
| Iamgold (IMG) | 5 | 2 | 1 | 1 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 |
| National Bank (NA) | 5 | 3 | 3 | 4 |
| Notes | More Info... |
| Value Ratio Stocks | P/E | P/B | P/S | Yield | V.R. | | Sun Life Financial (SLF) | 5 | 5 | 5 | 5 | 1.55 |
| Canadian Oil Sands (COS) | 5 | 2 | 2 | 5 | 1.83 |
| Bank of Montreal (BMO) | 4 | 4 | 3 | 5 | 2.33 |
| Penn West Petroleum (PWT) | 3 | 5 | 2 | 5 | 2.33 |
| CIBC (CM) | 4 | 2 | 3 | 5 | 2.41 |
| Power Corp of Canada (POW) | 4 | 4 | 5 | 5 | 2.43 |
| National Bank (NA) | 5 | 3 | 3 | 4 | 2.55 |
| Husky Energy (HSE) | 3 | 4 | 4 | 5 | 2.67 |
| Enerplus (ERF) | 1 | 4 | 1 | 5 | 2.77 |
| Bank of Nova Scotia (BNS) | 4 | 2 | 2 | 4 | 2.89 |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | V.R. | | Canadian Oil Sands (COS) | Y | Y | Y |
| Sun Life Financial (SLF) | Y | Y | Y |
| Bank of Montreal (BMO) | Y | | Y |
| Enerplus (ERF) | Y | | Y |
| Husky Energy (HSE) | Y | | Y |
| National Bank (NA) | | Y | Y |
| Penn West Petroleum (PWT) | Y | | Y |
| Power Corp of Canada (POW) | Y | | Y |
| ARC Resources (ARX) | Y | | |
| BCE Inc. (BCE) | Y | | |
| Bank of Nova Scotia (BNS) | | | Y |
| Bombardier (BBD.B) | | Y | |
| Brookfield (BAM.A) | | Y | |
| CIBC (CM) | | | Y |
| Iamgold (IMG) | | Y | |
| Inmet Mining (IMN) | | Y | |
| Magna (MG) | | Y | |
| Nexen (NXY) | | Y | |
| Research In Motion (RIM) | | Y | |
| TransAlta (TA) | Y | | |
| Notes... |
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