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The Stingy News Weekly (09/16/2012)


"The important thing is to keep playing, to play against weak opponents and to play for big stakes."
- Warren Buffett


Stingy Links

False positives
"the lack of an avenue in which to publish failed attempts at replication suggests self-correction can be compromised and people such as Smeesters and Stapel can remain undetected for a long time."


Fiscal cliff
"'What will happen if we hit the fiscal cliff?' asks Merle Hazard, in an animated surf-style music video."


Shiller launches value indexes
"The new indexes look for cheap sectors based on this approach, finding those with low cyclically adjusted price-to-earnings, or CAPE. The numbers are persuasive. Using data going back to 1902, Mr. Shiller found that an investing strategy that focused on sectors with low cyclically adjusted price-to-earnings ratios outperformed by an average of 1.13 per cent a year."


Bad policies
"It is common to fix the blame for this on the banking crisis. Economies typically take a long time to recover from 'balance-sheet' recessions, as businesses and households focus on paying down debt and rebuilding savings. But what if the problem of slow growth has deeper roots than that? What if slow growth caused the crisis?"


A conversation with Ray Dalio
"Ray Dalio, founder and co-chief investment officer of Bridgewater Associates, L.P., discusses global economics."


All time low yields
"According to both the Barclays high-yield index and the CS HY index, yields in high yield have reached an all time low of 6.6%. Further, over the last few weeks, traders and syndicate desks have been whispering of a simply gargantuan amount of high yield and leveraged loans coming this month. Certain desks have been advocating a move to CCC assets as they still yield approximately 100 bps over their all time low seen on...wait for it...May 2007."



DOW 30 Value Screens

High Dividend Yield StocksP/EP/BP/SYield
AT&T (T)1435
Verizon (VZ)1245
Intel (INTC)5335
Merck (MRK)2315
Pfizer (PFE)2415
Johnson & Johnson (JNJ)1315
EI DuPont (DD)4144
Procter & Gamble (PG)2324
McDonald's (MCD)3114
Chevron (CVX)5544
Notes | More Info...


Low Price/Earnings StocksP/EP/BP/SYield
Chevron (CVX)5544
JP Morgan Chase (JPM)5534
Exxon Mobil (XOM)5352
Intel (INTC)5335
Caterpillar (CAT)5252
Bank of America (BAC)4541
Boeing (BA)4152
Travelers (TRV)4543
Cisco (CSCO)4423
American Express (AXP)4221
Notes | More Info...


Value Ratio StocksP/EP/BP/SYieldV.R.
Intel (INTC)53352.54
Chevron (CVX)55442.82
JP Morgan Chase (JPM)55343.31
Exxon Mobil (XOM)53523.89
EI DuPont (DD)41444.15
Cisco (CSCO)44234.51
Caterpillar (CAT)52524.53
Travelers (TRV)45434.57
Boeing (BA)41524.93
Pfizer (PFE)24154.95
Notes | More Info...


US Stock SummaryYieldP/EV.R.
Chevron (CVX)YYY
Intel (INTC)YYY
Boeing (BA)YY
Caterpillar (CAT)YY
Cisco (CSCO)YY
EI DuPont (DD)YY
Exxon Mobil (XOM)YY
JP Morgan Chase (JPM)YY
Pfizer (PFE)YY
Travelers (TRV)YY
AT&T (T)Y
American Express (AXP)Y
Bank of America (BAC)Y
Johnson & Johnson (JNJ)Y
McDonald's (MCD)Y
Merck (MRK)Y
Procter & Gamble (PG)Y
Verizon (VZ)Y
Notes...



S&P/TSX60 Value Screens

High Dividend Yield StocksP/EP/BP/SYield
TransAlta (TA)0345
Penn West Petroleum (PWT)2525
Enerplus (ERF)0525
Canadian Oil Sands (COS)4225
Sun Life Financial (SLF)0555
BCE Inc. (BCE)4145
ARC Resources (ARX)1215
Bank of Montreal (BMO)5435
CIBC (CM)5235
Power Corp of Canada (POW)5555
Notes | More Info...


Low Price/Earnings StocksP/EP/BP/SYield
First Quantum (FM)5211
National Bank (NA)5334
Bombardier (BBD.B)5153
Magna (MG)5553
Teck Resources (TCK.B)5543
CIBC (CM)5235
Bank of Montreal (BMO)5435
Barrick Gold (ABX)5322
Power Corp of Canada (POW)5555
Bank of Nova Scotia (BNS)5334
Notes | More Info...


Value Ratio StocksP/EP/BP/SYieldV.R.
Canadian Oil Sands (COS)42251.90
National Bank (NA)53342.02
CIBC (CM)52352.12
Bank of Montreal (BMO)54352.12
Power Corp of Canada (POW)55552.26
BCE Inc. (BCE)41452.51
Bank of Nova Scotia (BNS)53342.52
Royal Bank (RY)43242.85
Shaw (SJR.B)32352.97
Husky Energy (HSE)34443.02
Notes | More Info...


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



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