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The Stingy News Weekly (02/27/2011)


"All intelligent investing is value investing - to acquire more than you are paying for. Investing is where you find a few great companies and then sit on your ass."
- Charlie Munger


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Sometimes a Great Notion
"One common thought in the equity world has been that a rotation of investor dollars toward shares of 'high-quality' companies should be imminent. This is a sane and sober idea, and one that generally hasn't worked in the past couple of years, when markets have been lifted by improving credit conditions, a snap-back in corporate profits and surging risk appetites. These drivers of market action almost always favor smaller, more volatile, more cyclical and less well-capitalized stocks, which have led this bull market."


Negative fee fund
"Those performance fees have led to another distinguishing characteristic for two of Bridgeway’s funds: Bridgeway Micro-Cap Limited has an expense ratio of zero, while the recently reopened Bridgeway Aggressive Investors 1 has a negative 0.51 percent expense ratio — it pays investors $5.10 for every $1,000 they have invested in it."


Berkshire Hathaway 2010
"Don’t let that reality spook you. Throughout my lifetime, politicians and pundits have constantly moaned about terrifying problems facing America. Yet our citizens now live an astonishing six times better than when I was born. The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for unleashing that potential – a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a Civil War – remains alive and effective. We are not natively smarter than we were when our country was founded nor do we work harder. But look around you and see a world beyond the dreams of any colonial citizen. Now, as in 1776, 1861, 1932 and 1941, America’s best days lie ahead."


A small hedge fund manager’s lament
"Running a small hedge fund, I would usually want to buy small caps on which I had done superior analysis. Alas, when I look at small caps - even medium caps I keep finding expensive, dodgy and well promoted stocks. Small caps are a land of shorts. The good stuff - and then the less good stuff left behind - has been picked over by numerous PE shops."



DOW 30 Value Screens

High Dividend Yield StocksP/EP/BP/SP/DYield
AT&T (T)55455
Verizon (VZ)13555
Merck (MRK)14255
Pfizer (PFE)24255
Kraft (KFT)35455
Johnson & Johnson (JNJ)43144
McDonald's (MCD)21144
Intel (INTC)53144
Procter & Gamble (PG)23244
EI DuPont (DD)21344
Notes | More Info...


Value Ratio StocksP/EP/BP/SP/DVR
AT&T (T)55451.38
Intel (INTC)53143.30
Johnson & Johnson (JNJ)43143.47
Kraft (KFT)35453.58
Travelers (TRV)55433.76
Chevron (CVX)54433.85
Coca-Cola (KO)41144.38
Pfizer (PFE)24254.41
Microsoft (MSFT)42134.72
McDonald's (MCD)21144.92
Notes | More Info...


Graham-Lite StocksP/EP/BP/DG$dG$(%)
Travelers (TRV)55393.7257.24
AT&T (T)55537.9935.07
JP Morgan Chase (JPM)45162.3433.54
Kraft (KFT)35533.224.75
Chevron (CVX)543104.091.95
Notes | More Info...


Top US StocksYieldV.R.Graham
AT&T (T)YYY
Kraft (KFT)YYY
Chevron (CVX)YY
Intel (INTC)YY
Johnson & Johnson (JNJ)YY
McDonald's (MCD)YY
Pfizer (PFE)YY
Travelers (TRV)YY
Coca-Cola (KO)Y
EI DuPont (DD)Y
JP Morgan Chase (JPM)Y
Merck (MRK)Y
Microsoft (MSFT)Y
Procter & Gamble (PG)Y
Verizon (VZ)Y
Notes...



S&P/TSX60 Value Screens

High Dividend Yield StocksP/EP/BP/SP/DYield
Transalta (TA)25455
BCE (BCE)44455
Bank of Montreal (BMO)44355
Shaw Comm Cl.B (SJR.B)21355
Sun Life (SLF)55555
Telus (T)43455
TransCanada (TRP)24255
CIBC (CM)42355
Rogers Comm Cl.B (RCI.B)41455
Husky Energy (HSE)24455
Notes | More Info...


Value Ratio StocksP/EP/BP/SP/DVR
Sun Life (SLF)55552.68
Bank of Montreal (BMO)44352.77
BCE (BCE)44452.81
CIBC (CM)42353.14
Rogers Comm Cl.B (RCI.B)41453.16
National Bank (NA)53343.27
Telus (T)43453.38
Transalta (TA)25453.59
Bank of Nova Scotia (BNS)42244.71
Shaw Comm Cl.B (SJR.B)21354.71
Notes | More Info...


Graham-Lite StocksP/EP/BP/DG$dG$(%)
Sun Life (SLF)55544.5236.78
Canadian Tire (CTC.A)55379.0827.57
Magna (MG)55361.9426.01
Inmet Mining (IMN)54177.9315.80
Nexen (NXY)54129.3313.63
Encana (ECA)35432.763.55
Brookfield A.M. (BAM.A)45233.443.22
Bank of Montreal (BMO)44561.980.45
Notes | More Info...


Top Canadian StocksYieldV.R.Graham
Bank of Montreal (BMO)YYY
Sun Life (SLF)YYY
BCE (BCE)YY
CIBC (CM)YY
Rogers Comm Cl.B (RCI.B)YY
Shaw Comm Cl.B (SJR.B)YY
Telus (T)YY
Transalta (TA)YY
Bank of Nova Scotia (BNS)Y
Brookfield A.M. (BAM.A)Y
Canadian Tire (CTC.A)Y
Encana (ECA)Y
Husky Energy (HSE)Y
Inmet Mining (IMN)Y
Magna (MG)Y
National Bank (NA)Y
Nexen (NXY)Y
TransCanada (TRP)Y
Notes...



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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...