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The Stingy News Weekly (01/06/2013)


"In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time - none, zero. You'd be amazed at how much Warren reads - at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out."
- Charlie Munger


New @ StingyInvestor

Advice to the lazy investor: Be even lazier
"A peculiar investment trust put the buy-and-hold experiment into practice many years ago. The trust takes passivity to such an extreme that it makes many index investors look like a bunch of drunken day-traders."


Asset Mixer Update
We've updated our Asset Mixer to include nominal data for 2012.


Periodic Table Update
We've updated our periodic table of annual returns for Canadians to include nominal data for 2012.


Scary beats safe when it comes to Net Nets
"Cheap and safe are two attributes I look for when picking stocks. But seeking safety doesn't always pay. History suggests that a cheap-and-scary approach may be the better way to go - if you have the stomach for it."


Stingy Links

The winners curse
"Our previous studies suggested that top dog status is of no advantage in the United States; indeed, it's often something of a curse. As we globalize this study, the results confirm the global relevance of "too big to succeed." In the G-8 test of developed economies, we find the same phenomenon in each and every market: a statistically significant performance shortfall for top companies, relative both to the companies' sectors and the stock market as a whole, with no countries immune to the effect."


The real fiscal problem
"Why it's not repaying the swelling national debt that necessarily by itself creates a problem for the U.S. economy; rather it's the government's increasing spending on unproductive programs in the first place, financed with increasing levels of national debt, that creates the real problem for the economy."


Low bond yields reveal stark choices on risk
"In the course of attending several client proposals and meetings over the past several weeks, a common thread has emerged. Since bonds are needed to limit total portfolio risk, they also limit potential total returns. And this is causing investors to have to choose whether risk or return is more important."



DOW 30 Value Screens

High Dividend Yield StocksP/EP/BP/SYield
AT&T (T)1435
Verizon (VZ)1245
Intel (INTC)5435
Merck (MRK)2315
EI DuPont (DD)3145
Pfizer (PFE)1315
General Electric (GE)2434
Hewlett-Packard (HPQ)0554
Johnson & Johnson (JNJ)1214
McDonald's (MCD)2114
Notes | More Info...


Low Price/Earnings StocksP/EP/BP/SYield
Chevron (CVX)5543
Intel (INTC)5435
Exxon Mobil (XOM)5343
JP Morgan Chase (JPM)5533
Caterpillar (CAT)5252
UnitedHealth (UNH)4451
Travelers (TRV)4543
Cisco (CSCO)4423
Boeing (BA)4152
American Express (AXP)4221
Notes | More Info...


Value Ratio StocksP/EP/BP/SYieldV.R.
Intel (INTC)54352.20
Chevron (CVX)55432.75
JP Morgan Chase (JPM)55333.56
Exxon Mobil (XOM)53433.62
EI DuPont (DD)31453.72
Travelers (TRV)45434.23
Microsoft (MSFT)32144.25
Caterpillar (CAT)52524.42
Merck (MRK)23154.65
General Electric (GE)24344.66
Notes | More Info...


US Stock SummaryYieldP/EV.R.
Intel (INTC)YYY
Caterpillar (CAT)YY
Chevron (CVX)YY
EI DuPont (DD)YY
Exxon Mobil (XOM)YY
General Electric (GE)YY
JP Morgan Chase (JPM)YY
Merck (MRK)YY
Travelers (TRV)YY
AT&T (T)Y
American Express (AXP)Y
Boeing (BA)Y
Cisco (CSCO)Y
Hewlett-Packard (HPQ)Y
Johnson & Johnson (JNJ)Y
McDonald's (MCD)Y
Microsoft (MSFT)Y
Pfizer (PFE)Y
UnitedHealth (UNH)Y
Verizon (VZ)Y
Notes...



S&P/TSX60 Value Screens

High Dividend Yield StocksP/EP/BP/SYield
Penn West Petroleum (PWT)1535
Enerplus (ERF)0535
TransAlta (TA)0345
Crescent Point (CPG)1415
Canadian Oil Sands (COS)5225
BCE Inc. (BCE)4145
Sun Life Financial (SLF)1555
ARC Resources (ARX)1215
Bank of Montreal (BMO)5435
CIBC (CM)5235
Notes | More Info...


Low Price/Earnings StocksP/EP/BP/SYield
First Quantum (FM)5311
National Bank (NA)5334
Magna (MG)5452
Bombardier (BBD.B)5153
Imperial Oil (IMO)5241
Canadian Oil Sands (COS)5225
Bank of Montreal (BMO)5435
Barrick Gold (ABX)5423
CIBC (CM)5235
Iamgold (IMG)5523
Notes | More Info...


Value Ratio StocksP/EP/BP/SYieldV.R.
Canadian Oil Sands (COS)52251.46
National Bank (NA)53341.94
Bank of Montreal (BMO)54352.16
CIBC (CM)52352.25
Power Corp of Canada (POW)45552.52
BCE Inc. (BCE)41452.63
Bank of Nova Scotia (BNS)43242.79
Royal Bank (RY)42243.17
TD Bank (TD)43243.28
Penn West Petroleum (PWT)15353.31
Notes | More Info...


Canadian Stock SummaryYieldP/EV.R.
Bank of Montreal (BMO)YYY
CIBC (CM)YYY
Canadian Oil Sands (COS)YYY
BCE Inc. (BCE)YY
National Bank (NA)YY
Penn West Petroleum (PWT)YY
ARC Resources (ARX)Y
Bank of Nova Scotia (BNS)Y
Barrick Gold (ABX)Y
Bombardier (BBD.B)Y
Crescent Point (CPG)Y
Enerplus (ERF)Y
First Quantum (FM)Y
Iamgold (IMG)Y
Imperial Oil (IMO)Y
Magna (MG)Y
Power Corp of Canada (POW)Y
Royal Bank (RY)Y
Sun Life Financial (SLF)Y
TD Bank (TD)Y
TransAlta (TA)Y
Notes...



The Rothery Report
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The Rothery Report provides research on select deep-value stocks in North America. Discover overlooked and undervalued stocks in quarterly investment reports which provide detailed analysis of Canadian and U.S. stocks. Weekly email news and additional updates keep subscribers informed about new opportunities and developments.

Rothery Report Performance
(03/31/2001 to 09/30/2012)
Average Capital Gain
39.6%



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2018
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2013
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2010
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Disclaimers: Consult with a qualified investment adviser before trading. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, financial advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. More...