"Value stocks are about as exciting as watching grass grow. But
have you ever noticed just how much your grass grows in a week?"  - Christopher Browne


Stingy Links
http://www.stingyinvestor.com/SI/articles/articlearchive.shtml

Inside a stock fraud
http://www.thestar.com/Business/article/293522
"His signature moves involved purchasing public shell companies and
manipulating their shares in what the industry calls a "pump and dump" operation.
The scheme, one of the oldest forms of stock market fraud, is a favourite
of con artists. In Mitton's version, he would find a shell company, set
up a personal network of buyers and sellers, release "news" and then direct
the network's trading in company shares. The idea was to artificially
create investor interest and trigger a jump in the company's stock price.
Network players would unload any shares they held and pocket the profits
before regulators, brokerages and average investors realized anybody had duped
them. In the aftermath, Mitton usually left a trail of misery for victims
who suffered everything from financial ruin to family breakups and
humiliation."

Lennar's new homes fetch 60% less
http://www.bloomberg.com/apps/news?pid=20601109&sid=aKTFOoHM.Jww&refer=home
"Lennar Corp.'s November sale of 11,000 properties in eight states set a
price that may mark the bottom for the U.S. housing market: 40 cents on the
dollar."

Online upstart stands out
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20080110/RCARRICK10
"An upstart online brokerage has bested the bank-owned competition in
addressing one of the biggest complaints investors have about stock trading.
Questrade Inc. will announce on Monday that clients can hold U.S. dollars in
their registered retirement accounts. The industry norm is to allow only
Canadian dollars in registered accounts, which means costly currency
conversion charges are often unavoidable for investors who buy and sell shares
listed on U.S. exchanges."

Robot Portfolio displayed human frailties
http://www.thestar.com/columnists/article/291887
"Dorfman named his company Thunderstorm Capital in honour of those stocks
that rise in popularity after a "frightening but temporary event that
usually passes without lasting damage." The Canadian stocks we selected using
his method each had a market value of more than $500 million. They had
reported more than a penny of profit per share in the previous four quarters,
and had more shareholder equity than debt. Their share price was low
relative to recent earnings."

Do we really know what makes us healthy?
http://www.nytimes.com/2007/09/16/magazine/16epidemiology-t.html?_r=1&pagewanted=1&ref=magazine&oref=slogin
"The dangerous game being played here, as David Sackett, a retired Oxford
University epidemiologist, has observed, is in the presumption of
preventive medicine. The goal of the endeavor is to tell those of us who are
otherwise in fine health how to remain healthy longer. But this advice comes
with the expectation that any prescription given - whether diet or drug or a
change in lifestyle - will indeed prevent disease rather than be the agent
of our disability or untimely death. With that presumption, how
unambiguous does the evidence have to be before any advice is offered?"


S&P/TSX60 Value Screens
http://www.stingyinvestor.com/SI/strategy.shtml 

High Dividend Yield Stocks                     P/E P/B P/S P/C P/D Yield*
============================================== === === === === === ======
Biovail (BVF)                                   5   5   3   5   5    5
National Bank of Canada (NA)                    3   5   4   3   5    5
Bank of Montreal (BMO)                          3   4   3   3   5    5
CIBC (CM)                                       5   4   4   3   5    5
Royal Bank (RY)                                 4   3   3   2   5    5
Telus (T)                                       3   4   3   4   5    5
Bank of Nova Scotia (BNS)                       4   3   2   2   5    5
BCE (BCE)                                       3   3   3   4   5    5
TransCanada (TRP)                               2   3   2   3   5    5
Toronto Dominion Bank (TD)                      4   4   2   2   4    4
More Info: http://www.stingyinvestor.com/SI/strategy/dogs.shtml 

Value Ratio Stocks                             P/E P/B P/S P/C P/D  VR
============================================== === === === === === =====
Biovail (BVF)                                   5   5   3   5   5   0.5
CIBC (CM)                                       5   4   4   3   5   1.5
Thomson (TOC)                                   5   4   2   3   4   2.1
Teck Cominco Limited (TCK.B)                    5   4   4   5   4   2.2
Bank of Montreal (BMO)                          3   4   3   3   5   2.7
Royal Bank (RY)                                 4   3   3   2   5   2.9
National Bank of Canada (NA)                    3   5   4   3   5   3.1
Bank of Nova Scotia (BNS)                       4   3   2   2   5   3.2
Toronto Dominion Bank (TD)                      4   4   2   2   4   3.6
Telus (T)                                       3   4   3   4   5   3.6
More Info: http://www.stingyinvestor.com/SI/strategy/valueratio.shtml 

Graham Stocks                                  P/E P/B P/D   G$   dG$(%)
============================================== === === === ====== ======
MDS Inc. (MDS)                                  5   5   0   40.96 118.19
Lundin Mining Corporation (LUN)                 5   5   0   16.92  98.64
Biovail (BVF)                                   5   5   5   18.97  43.85
Magna Cl.A (MG.A)                               5   5   3   99.54  36.07
Thomson (TOC)                                   5   4   4   48.98  31.07
Teck Cominco Limited (TCK.B)                    5   4   4   41.93  22.08
CIBC (CM)                                       5   4   5   78.67  10.33
More Info: http://www.stingyinvestor.com/SI/strategy/graham.shtml 

*Notes: http://www.stingyinvestor.com/SI/strategy/notes.shtml 

Switch to the HTML version if the tables aren't formatted properly.
http://www.stingyinvestor.com/cgi-bin/email.cgi 


Books for Stingy Investors

The Intelligent Investor
by Benjamin Graham & Jason Zweig

Follow Warren Buffett's advice and read "by far the best book on
investing ever written". The latest edition provides the full
text of Graham's original work and supplemental chapters with more
modern commentary from Money Magazine editor Jason Zweig. I
like to read this book every few years and would probably benefit
by reading it even more frequently.
Amazon Link: http://www.amazon.ca/exec/obidos/ASIN/0060555661/


Stock Research From Dan Hallett & Associates

The Rothery Report
http://www.rotheryreport.com/ 

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 09/30/2007)
  Average Capital Gain    Average Holding Period
          53.4%                   2.5 Years

Learn More
http://www.rotheryreport.com/store/store.shtml

Subscribe Today
http://www.rotheryreport.com/store/order.shtml 



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ISSN 1499-2795 Copyright Dan Hallett and Associates Inc., 2008.
All rights reserved. The securities mentioned in this report are not
appropriate for all investors. Consult your professional investment
advisor before making any investment decision.  While all reasonable
effort is made to ensure the accuracy of information and data
contained herein, accuracy can not be guaranteed. Past performance is
not a good predictor of future performance.  Results are not
guaranteed and we assume no liability whatsoever for any material
losses that may occur.  No compensation for suggesting particular
securities or financial advisors is solicited or accepted.  The
information in this newsletter, and in its related website, is not
intended to be, nor does it constitute, financial advice or
recommendations.  Investing in stocks can be risky and may result in
substantial losses.  A Dan Hallett and Associates Inc.(DH&A)
publication.  DH&A is registered as Investment Counsel in the province
of Ontario. DH&A, or related-parties may have an interest in the
securities mentioned.