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The Stingy News Weekly (07/02/2018)


"Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time."
- David Dreman


Stingy Links

Lessons from Cliff Asness
"Learning about the approaches of investors like Cliff helps me in my daily work even though what I do in my work is very different. Cliff is trying to identify statistical factors that can generate a persistent positive disparity of return across large numbers of stocks in an environment where there is extensive historical data. What Cliff is doing is both important and valuable."
[Asness]

Expiring vs. long-term knowledge
"How much of what you read today will you still care about a year from now? 80%? Half? Any of it? I ask myself this question a lot, and it's painful. If I'm honest with myself the answer is often close to none."
[Media]

The myth of the Stanford Prison Study
"The problem is that the study is fundamentally not credible. Severe problems with it were serious and recognized in peer-reviewed scholarship as early as 1975"
[Behaviour]

Longest fraud sentence in Canada
"The former Waterloo Region financial adviser fleeced 41 people - many with little investing experience - out of $10 million."
[Crime]

ETFs with Eric Balchunas
"My guest this week is Eric Balchunas, the senior ETF analyst for Bloomberg and the author of the Institutional ETF toolbox. This episode is intended for those in the asset or wealth management industry who have considered using ETFs in their portfolios, or for the individual investor who likes to stay up to date on trends in the market for asset management products. We cover all aspects of ETFs in some detail" [audio]
[Indexing]

Momentum strategies have produced standout results
"Yet momentum investing works when practised rigorously and systematically. In fact, it has beaten the market over 211 years of U.S. stock market history, from 1801 to 2012, according to AQR Capital Management, which is based in Greenwich, Connecticut. It has also performed well in 40 other countries and for more than a dozen types of assets other than stocks. Heck, some researchers have found that momentum even works when it comes to trading baseball cards." [$]
[Momentum Investing]


S&P/TSX60 Value Screens

High Dividend Yield StocksP/EP/BP/SYield
Inter Pipeline (IPL)CDEA
Enbridge (ENB)EBBA
BCE Inc. (BCE)CECA
Emera (EMA)EBBA
Power Corp of Canada (POW)AAAA
Pembina Pipeline (PPL)DCEA
TransCanada (TRP)BDEA
CIBC (CM)ABCA
TELUS (T)CDCA
Shaw (SJR.B)DDDA
Notes | More Info...


Low Price/Earnings StocksP/EP/BP/SYield
Metro (MRU)ADAD
Cenovus Energy (CVE)AAAD
Teck Resources (TECK.B)AABE
Power Corp of Canada (POW)AAAA
Magna (MG)ACAC
CIBC (CM)ABCA
Bank of Nova Scotia (BNS)ABCB
Dollarama (DOL)AFBE
National Bank (NA)ACCB
Kinross Gold (K)AABF
Notes | More Info...


Low Price/Book Value StocksP/EP/BP/SYield
Crescent Point (CPG)FABB
Goldcorp (G)DADE
Cenovus Energy (CVE)AAAD
Teck Resources (TECK.B)AABE
Power Corp of Canada (POW)AAAA
Kinross Gold (K)AABF
First Quantum (FM)FADE
Husky Energy (HSE)DABD
Cameco (CCO)FADC
Manulife (MFC)DAAB
Notes | More Info...


Canadian Stock SummaryYieldP/EP/B
Power Corp of Canada (POW)YYY
CIBC (CM)YY
Cenovus Energy (CVE)YY
Kinross Gold (K)YY
Teck Resources (TECK.B)YY
BCE Inc. (BCE)Y
Bank of Nova Scotia (BNS)Y
Cameco (CCO)Y
Crescent Point (CPG)Y
Dollarama (DOL)Y
Emera (EMA)Y
Enbridge (ENB)Y
First Quantum (FM)Y
Goldcorp (G)Y
Husky Energy (HSE)Y
Inter Pipeline (IPL)Y
Magna (MG)Y
Manulife (MFC)Y
Metro (MRU)Y
National Bank (NA)Y
Pembina Pipeline (PPL)Y
Shaw (SJR.B)Y
TELUS (T)Y
TransCanada (TRP)Y
Notes...


DOW 30 Value Screens

High Dividend Yield StocksP/EP/BP/SYield
Verizon (VZ)ACBA
IBM (IBM)CDAA
Exxon Mobil (XOM)BBAA
General Electric (GE)FBAA
Pfizer (PFE)ABDA
Procter & Gamble (PG)BCCA
Coca-Cola (KO)EDEB
Chevron (CVX)CABB
Merck (MRK)ECDB
Cisco (CSCO)FCEB
Notes | More Info...


Low Price/Earnings StocksP/EP/BP/SYield
Verizon (VZ)ACBA
Pfizer (PFE)ABDA
Walt Disney (DIS)ACCD
JP Morgan Chase (JPM)AADD
Travelers (TRV)AAAC
Exxon Mobil (XOM)BBAA
Apple (AAPL)BDDE
Procter & Gamble (PG)BCCA
Goldman Sachs (GS)BACE
Intel (INTC)BBDC
Notes | More Info...


Low Price/Book Value StocksP/EP/BP/SYield
Goldman Sachs (GS)BACE
Travelers (TRV)AAAC
DowDuPont (DWDP)EABC
JP Morgan Chase (JPM)AADD
Chevron (CVX)CABB
Exxon Mobil (XOM)BBAA
General Electric (GE)FBAA
Pfizer (PFE)ABDA
Wal-Mart (WMT)DBAC
United Technologies (UTX)CBBD
Notes | More Info...


US Stock SummaryYieldP/EP/B
Exxon Mobil (XOM)YYY
Pfizer (PFE)YYY
Chevron (CVX)YY
General Electric (GE)YY
Goldman Sachs (GS)YY
JP Morgan Chase (JPM)YY
Procter & Gamble (PG)YY
Travelers (TRV)YY
Verizon (VZ)YY
Apple (AAPL)Y
Cisco (CSCO)Y
Coca-Cola (KO)Y
DowDuPont (DWDP)Y
IBM (IBM)Y
Intel (INTC)Y
Merck (MRK)Y
United Technologies (UTX)Y
Wal-Mart (WMT)Y
Walt Disney (DIS)Y
Notes...



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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.

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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...