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Stingy News Quarterly
2013: Q1
2012: Q1 Q2 Q3 Q4
2011: Q1 Q2 Q3 Q4
2010: Q1 Q2 Q3 Q4
2009: Q1 Q2 Q3 Q4
2008: Q1 Q2 Q3 Q4
2007: Q1 Q2 Q3 Q4
2006: Q1 Q2 Q3 Q4
2005: Q1 Q2 Q3 Q4
2004: Q1 Q2 Q3 Q4
2003: Q1 Q2 Q3 Q4
2002: Q1 Q2 Q3 Q4
2001: Q1 Q2 Q3 Q4
Stingy News Weekly
2013
05: 05 12 19
04: 07 14 21 28
03: 03 11 17 24 31
02: 04 10 17 24
01: 06 13 20 27
2012
12: 02 09 16 23 30
11: 04 11 18 25
10: 07 14 21 28
09: 02 09 16 23 30
08: 05 12 19 26
07: 01 08 15 22 29
06: 03 10 17 24
05: 07 13 20 27
04: 01 08 15 22 29
03: 04 11 18 25
02: 05 12 19 26
01: 01 08 15 22 29
2011
12: 04 11 18 25
11: 06 13 20 27
10: 02 09 16 23 30
09: 04 11 18 25
08: 07 14 21 28
07: 03 10 17 24
06: 05 12 19 26
05: 01 08 15 22 29
04: 04 10 17 24
03: 06 13 20 27
02: 06 13 20 27
01: 02 09 16 23 30
2010
12: 05 12 19 26
11: 07 14 21 28
10: 03 10 17 24 31
09: 05 12 19 26
08: 01 08 15 22 29
07: 04 11 16 25
06: 06 13 20 27
05: 02 09 16 23 30
04: 04 11 18 25
03: 07 14 21 28
02: 07 14 21 28
01: 03 10 17 24 31
2009
12: 06 13 20 27
11: 01 08 15 22 29
10: 04 11 18 25
09: 06 13 20 27
08: 09 16 23 30
07: 05 12 19 26 31
06: 07 14 21 28
05: 03 10 17 24 31
04: 05 12 19 26
03: 01 08 15 22 29
02: 01 08 15 22
01: 04 11 18 25
2008
12: 07 14 21 28
11: 02 09 16 23 30
10: 05 12 19 26
09: 07 14 21 28
08: 01 10 17 24 31
07: 06 13 20 27
06: 01 08 15 22 29
05: 04 11 18 25
04: 06 13 20 27
03: 02 09 16 23 30
02: 03 10 17 24
01: 06 13 20 27
Dan's Reports
Perspective on the bear
Dilution excessive
Fund fees revisited
T class funds
Bonds vs. bond funds
Bear market protectors
Investing in bonds
Ignore bonds at your peril
Coping with change
Future of trust funds
Dilution trumps
Are fees excessive?
Performance anxiety
Top advisory model?
81-106 a step back
Poor fund classifications
Pension shortfall
A longer-term report card
Information overload
About Dan
Privacy Policy
| "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 |
New @ StingyInvestor
Beauty Contest
"We're holding a Keynesian beauty contest to give away a copy of the new MoneySense Guide to Retiring Wealthy."
Stingy Links
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 Stocks | P/E | P/B | P/S | P/D | Yield |
| AT&T (T) | 5 | 5 | 4 | 5 | 5 |
| Verizon (VZ) | 1 | 3 | 5 | 5 | 5 |
| Merck (MRK) | 1 | 4 | 2 | 5 | 5 |
| Pfizer (PFE) | 2 | 4 | 2 | 5 | 5 |
| Kraft (KFT) | 3 | 5 | 4 | 5 | 5 |
| Johnson & Johnson (JNJ) | 4 | 3 | 1 | 4 | 4 |
| McDonald's (MCD) | 2 | 1 | 1 | 4 | 4 |
| Intel (INTC) | 5 | 3 | 1 | 4 | 4 |
| Procter & Gamble (PG) | 2 | 3 | 2 | 4 | 4 |
| EI DuPont (DD) | 2 | 1 | 3 | 4 | 4 |
| Notes | More Info... | |||||
| Value Ratio Stocks | P/E | P/B | P/S | P/D | VR |
| AT&T (T) | 5 | 5 | 4 | 5 | 1.38 |
| Intel (INTC) | 5 | 3 | 1 | 4 | 3.30 |
| Johnson & Johnson (JNJ) | 4 | 3 | 1 | 4 | 3.47 |
| Kraft (KFT) | 3 | 5 | 4 | 5 | 3.58 |
| Travelers (TRV) | 5 | 5 | 4 | 3 | 3.76 |
| Chevron (CVX) | 5 | 4 | 4 | 3 | 3.85 |
| Coca-Cola (KO) | 4 | 1 | 1 | 4 | 4.38 |
| Pfizer (PFE) | 2 | 4 | 2 | 5 | 4.41 |
| Microsoft (MSFT) | 4 | 2 | 1 | 3 | 4.72 |
| McDonald's (MCD) | 2 | 1 | 1 | 4 | 4.92 |
| Notes | More Info... | |||||
| Graham-Lite Stocks | P/E | P/B | P/D | G$ | dG$(%) |
| Travelers (TRV) | 5 | 5 | 3 | 93.72 | 57.24 |
| AT&T (T) | 5 | 5 | 5 | 37.99 | 35.07 |
| JP Morgan Chase (JPM) | 4 | 5 | 1 | 62.34 | 33.54 |
| Kraft (KFT) | 3 | 5 | 5 | 33.22 | 4.75 |
| Chevron (CVX) | 5 | 4 | 3 | 104.09 | 1.95 |
| Notes | More Info... | |||||
| Top US Stocks | Yield | V.R. | Graham |
| AT&T (T) | Y | Y | Y |
| Kraft (KFT) | Y | Y | Y |
| Chevron (CVX) | Y | Y | |
| Intel (INTC) | Y | Y | |
| Johnson & Johnson (JNJ) | Y | Y | |
| McDonald's (MCD) | Y | Y | |
| Pfizer (PFE) | Y | Y | |
| Travelers (TRV) | Y | Y | |
| Coca-Cola (KO) | Y | ||
| EI DuPont (DD) | Y | ||
| JP Morgan Chase (JPM) | Y | ||
| Merck (MRK) | Y | ||
| Microsoft (MSFT) | Y | ||
| Procter & Gamble (PG) | Y | ||
| Verizon (VZ) | Y | ||
| Notes... | |||
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | P/D | Yield |
| Transalta (TA) | 2 | 5 | 4 | 5 | 5 |
| BCE (BCE) | 4 | 4 | 4 | 5 | 5 |
| Bank of Montreal (BMO) | 4 | 4 | 3 | 5 | 5 |
| Shaw Comm Cl.B (SJR.B) | 2 | 1 | 3 | 5 | 5 |
| Sun Life (SLF) | 5 | 5 | 5 | 5 | 5 |
| Telus (T) | 4 | 3 | 4 | 5 | 5 |
| TransCanada (TRP) | 2 | 4 | 2 | 5 | 5 |
| CIBC (CM) | 4 | 2 | 3 | 5 | 5 |
| Rogers Comm Cl.B (RCI.B) | 4 | 1 | 4 | 5 | 5 |
| Husky Energy (HSE) | 2 | 4 | 4 | 5 | 5 |
| Notes | More Info... | |||||
| Value Ratio Stocks | P/E | P/B | P/S | P/D | VR |
| Sun Life (SLF) | 5 | 5 | 5 | 5 | 2.68 |
| Bank of Montreal (BMO) | 4 | 4 | 3 | 5 | 2.77 |
| BCE (BCE) | 4 | 4 | 4 | 5 | 2.81 |
| CIBC (CM) | 4 | 2 | 3 | 5 | 3.14 |
| Rogers Comm Cl.B (RCI.B) | 4 | 1 | 4 | 5 | 3.16 |
| National Bank (NA) | 5 | 3 | 3 | 4 | 3.27 |
| Telus (T) | 4 | 3 | 4 | 5 | 3.38 |
| Transalta (TA) | 2 | 5 | 4 | 5 | 3.59 |
| Bank of Nova Scotia (BNS) | 4 | 2 | 2 | 4 | 4.71 |
| Shaw Comm Cl.B (SJR.B) | 2 | 1 | 3 | 5 | 4.71 |
| Notes | More Info... | |||||
| Graham-Lite Stocks | P/E | P/B | P/D | G$ | dG$(%) |
| Sun Life (SLF) | 5 | 5 | 5 | 44.52 | 36.78 |
| Canadian Tire (CTC.A) | 5 | 5 | 3 | 79.08 | 27.57 |
| Magna (MG) | 5 | 5 | 3 | 61.94 | 26.01 |
| Inmet Mining (IMN) | 5 | 4 | 1 | 77.93 | 15.80 |
| Nexen (NXY) | 5 | 4 | 1 | 29.33 | 13.63 |
| Encana (ECA) | 3 | 5 | 4 | 32.76 | 3.55 |
| Brookfield A.M. (BAM.A) | 4 | 5 | 2 | 33.44 | 3.22 |
| Bank of Montreal (BMO) | 4 | 4 | 5 | 61.98 | 0.45 |
| Notes | More Info... | |||||
| Top Canadian Stocks | Yield | V.R. | Graham |
| Bank of Montreal (BMO) | Y | Y | Y |
| Sun Life (SLF) | Y | Y | Y |
| BCE (BCE) | Y | Y | |
| CIBC (CM) | Y | Y | |
| Rogers Comm Cl.B (RCI.B) | Y | Y | |
| Shaw Comm Cl.B (SJR.B) | Y | Y | |
| Telus (T) | Y | Y | |
| Transalta (TA) | Y | Y | |
| 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... | |||
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.
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Rothery Report Performance (03/31/2001 to 12/31/2010) Average Capital Gain 37.7% |
Graham Value Stocks
(Learn More)
The Graham Value Stocks letter is designed for investors who want to keep up with our sensational stock selection methods inspired by Benjamin Graham. We comb through mountains of data to highlight U.S. and Canadian stocks that we believe to be both cheap and relatively safe.
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Graham Portfolio Performance (12/2009 to 12/2010) | |||||
| Simple Way | Dividend Way | Defensive | |||
| +70%C | +18%U | +23%C | +20%U | +11%C | +9%U |
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