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The Stingy News Weekly (12/13/2015)


"Based on my own personal experience - both as an investor in recent years and an expert witness in years past - rarely do more than three or four variables really count. Everything else is noise."
- Marty Whitman


New from StingyInvestor

These sliders might get a grip
"It's almost time to pull the toboggan out of storage and head to the hills for a little winter fun. After all, there's something special about speeding downhill on a crisp winter day. But going downhill is something stock investors fear and they've been taken on an infernal toboggan ride this year." [$]


Stingy Links

International evidence for the enterprise multiple
"The paper, published in the Journal of Financial and Quantitative Analysis, confirms the U.S. evidence that cheap enterprise multiple stock outperform expensive enterprise multiple stocks by about 1 percent per month. And it works just as well whether the markets are developed or emerging, and in stocks small and large."
[Value Investing]

Consider net-net stocks
"These are companies trading below liquidation value per share, which in some cases would be the best outcome. Needless to say, they are almost always microcap, thinly traded and facing severe headwinds."
[Value Investing]

Patrick O'Shaughnessy interview
"In this episode Preston and Stig talk to Patrick O'Shaughnessy about what he does best: 'Demystifying stocks with hard core facts!' Patrick O'Shaughnessy is a lead authority in the new generation of quant value investors, and he runs the amazing blog, The Investor's Field Guide. Co-hosting this week's show is bestselling author Toby Carlisle, who blogs at Greenbackd.com"
[Value Investing]

Time to take carpe diem seriously
"The accompanying table shows the percentage of healthy people who will experience one of these critical illnesses (or die) in each 10-year span starting at age 50. While it should come as no surprise that the risk of death or critical illness rises with age, the steepness of the rise is shocking."
[Health]

Clarity on TFSA contribution limits
"Earlier this year, the Conservative government increased the annual contribution limit to $10,000. The Liberal government confirmed on Monday, however, that it will be rolled back to $5,500 in 2016. Going forward, the limit will be indexed to inflation, as it was prior to this year's increase."
[Taxes]


DOW 30 Value Screens

High Dividend Yield StocksP/EP/BP/SYield
Verizon (VZ)3145
Chevron (CVX)3555
Caterpillar (CAT)4455
Exxon Mobil (XOM)3555
IBM (IBM)5145
Merck (MRK)4325
Pfizer (PFE)2414
Procter & Gamble (PG)1324
Wal-Mart (WMT)4454
Cisco (CSCO)4534
Notes | More Info...


Low Price/Earnings StocksP/EP/BP/SYield
IBM (IBM)5145
Travelers (TRV)5542
JP Morgan Chase (JPM)5533
Goldman Sachs (GS)5531
Apple (AAPL)5232
American Express (AXP)4331
Wal-Mart (WMT)4454
Caterpillar (CAT)4455
Merck (MRK)4325
Cisco (CSCO)4534
Notes | More Info...


Value Ratio StocksP/EP/BP/SYieldV.R.
IBM (IBM)51452.43
Caterpillar (CAT)44552.86
Verizon (VZ)31453.57
Chevron (CVX)35553.79
Wal-Mart (WMT)44543.85
Merck (MRK)43253.92
JP Morgan Chase (JPM)55333.96
Exxon Mobil (XOM)35554.00
Cisco (CSCO)45344.33
Travelers (TRV)55424.42
Notes | More Info...


US Stock SummaryYieldP/EV.R.
Caterpillar (CAT)YYY
Cisco (CSCO)YYY
IBM (IBM)YYY
Merck (MRK)YYY
Wal-Mart (WMT)YYY
Chevron (CVX)YY
Exxon Mobil (XOM)YY
JP Morgan Chase (JPM)YY
Travelers (TRV)YY
Verizon (VZ)YY
American Express (AXP)Y
Apple (AAPL)Y
Goldman Sachs (GS)Y
Pfizer (PFE)Y
Procter & Gamble (PG)Y
Notes...



S&P/TSX60 Value Screens

High Dividend Yield StocksP/EP/BP/SYield
Potash Corp. (POT)5325
Husky Energy (HSE)0555
Crescent Point (CPG)0525
Inter Pipeline (IPL)3215
ARC Resources (ARX)0315
Talisman Energy (TLM)0005
National Bank (NA)5335
Enbridge (ENB)0245
CIBC (CM)5325
Bank of Nova Scotia (BNS)5425
Notes | More Info...


Low Price/Earnings StocksP/EP/BP/SYield
SNC-Lavalin (SNC)5353
Power Corp of Canada (POW)5454
National Bank (NA)5335
Magna (MG)5253
Bank of Nova Scotia (BNS)5425
CIBC (CM)5325
Royal Bank (RY)5324
Potash Corp. (POT)5325
Bank of Montreal (BMO)4424
Sun Life Financial (SLF)4333
Notes | More Info...


Value Ratio StocksP/EP/BP/SYieldV.R.
Potash Corp. (POT)53251.26
National Bank (NA)53351.65
SNC-Lavalin (SNC)53531.68
Power Corp of Canada (POW)54541.71
Bank of Nova Scotia (BNS)54251.97
CIBC (CM)53252.08
Inter Pipeline (IPL)32152.43
Royal Bank (RY)53242.50
Bank of Montreal (BMO)44242.69
TD Bank (TD)43243.29
Notes | More Info...


Canadian Stock SummaryYieldP/EV.R.
Bank of Nova Scotia (BNS)YYY
CIBC (CM)YYY
National Bank (NA)YYY
Potash Corp. (POT)YYY
Bank of Montreal (BMO)YY
Inter Pipeline (IPL)YY
Power Corp of Canada (POW)YY
Royal Bank (RY)YY
SNC-Lavalin (SNC)YY
ARC Resources (ARX)Y
Crescent Point (CPG)Y
Enbridge (ENB)Y
Husky Energy (HSE)Y
Magna (MG)Y
Sun Life Financial (SLF)Y
TD Bank (TD)Y
Talisman Energy (TLM)Y
Notes...



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