"Never count on making a good sale. Have the purchase price be so
attractive that even a mediocre sale gives good results."  - Warren Buffett


New @ StingyInvestor


Canadian stocks that Benjamin Graham might like
http://www.ndir.com/SI/articles/0307.shtml
"I like to hunt for U.S. value stocks using Benjamin Graham's criteria for
defensive investors. The method focuses on solid companies trading at
modest prices. You can read all about it in Graham's book The Intelligent
Investor which deserves a spot on every investor's bookshelf. But I'm often
asked for Canadian stocks that pass Graham's test. This month I've found
five candidates that the master might like."


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

Buffett ready to buy 'big business'
http://www.bloomberg.com/apps/news?pid=20601087&sid=aANfrlCVGoMk&refer=home
"Berkshire Hathaway Inc.'s Warren Buffett usually laments that his company
has more cash than investment opportunities. Yesterday he envisioned an
acquisition so big that he'd have to sell some stocks to free up funds."

Buffett, the Wal-Mart shopper
http://www.businessweek.com/magazine/content/07_20/b4034072.htm
"Buffett, who rarely reveals much about his investment moves in public,
started building a big position in Wal-Mart back in 2005, according to
filings with the Securities & Exchange Commission. Two years later, Berkshire
owns some 19.9 million shares, roughly $960 million worth, making it one of
the insurer's largest holdings. Target first popped up in the portfolio
about a year ago, a stake some speculate was bought by Berkshire's other
bargain hunter, Lou Simpson, chief investment officer at the GEICO car
insurance subsidiary. But in the third quarter of 2006, Berkshire held fewer
than 1 million shares, and by the end of the year the investment had
disappeared from the company's financial reports."

Berkshire Hathaway resembles a mutual fund
http://www.iht.com/articles/ap/2007/05/03/business/NA-FIN-COM-US-Berkshire-Fund.php
"The mix of companies and investments billionaire Warren Buffett's company
holds makes some people think investing in Berkshire Hathaway Inc. is a
bit like buying shares of a mutual fund that emphasizes insurance."


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)                                   1   3   1   5   5    5
Bank of Montreal (BMO)                          4   4   3   3   5    5
BCE (BCE)                                       3   4   4   5   5    5
Transalta (TA)                                  1   5   3   4   5    5
TransCanada (TRP)                               3   4   2   4   5    5
National Bank of Canada (NA)                    5   4   4   3   5    5
Enbridge (ENB)                                  3   3   4   3   5    5
Royal Bank (RY)                                 4   3   3   2   5    5
Bank of Nova Scotia (BNS)                       4   3   3   2   5    5
Toronto Dominion Bank (TD)                      3   4   3   3   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
============================================== === === === === === =====
Bank of Montreal (BMO)                          4   4   3   3   5   3.3
National Bank of Canada (NA)                    5   4   4   3   5   3.4
Teck Cominco Limited (TCK.B)                    5   5   4   5   4   3.7
CIBC (CM)                                       5   3   4   2   4   4.0
BCE (BCE)                                       3   4   4   5   5   4.2
Bank of Nova Scotia (BNS)                       4   3   3   2   5   4.5
Royal Bank (RY)                                 4   3   3   2   5   4.7
Toronto Dominion Bank (TD)                      3   4   3   3   4   5.0
Sun Life (SLF)                                  4   5   4   2   4   5.3
TransCanada (TRP)                               3   4   2   4   5   5.3
More Info: http://www.stingyinvestor.com/SI/strategy/valueratio.shtml 

Graham Stocks                                  P/E P/B P/D   G$   dG$(%)
============================================== === === === ====== ======
Teck Cominco Limited (TCK.B)                    5   5   4   61.23  34.76
ACE Aviation Holdings Inc. (ACE.B)              5   5   0   34.75  17.53
Magna Cl.A (MG.A)                               3   5   2   90.30   3.44
More Info: http://www.stingyinvestor.com/SI/strategy/graham.shtml 

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


Books for Stingy Investors

Common Stocks and Uncommon Profits
by Philip A. Fisher

Fisher takes a qualitative view of stocks and stresses the
importance of intangible aspects of a firm with heavy emphasis on
research and human capital. He also falls into the focused camp of
investors who buy only a few carefully selected stocks and hold
them for long periods. As Warren Buffett's second favourite book
on investing, Common Stocks and Uncommon Profits is a must read
for students of the market.
Amazon Link: http://www.amazon.ca/exec/obidos/ASIN/0471445509/


Stock Research From Dan Hallett & Associates

The Rothery Report
http://www.stingyinvestor.com/SI/store.shtml 

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 03/31/2007)
  Average Capital Gain    Average Holding Period
    Sold Stocks: 75.5%      Sold Stocks: 2.1 Years
    All Stocks: 51.5%       All Stocks: 2.3 Years

Special Bonus Reports: Top Smaller Stocks 2007
http://www.stingyinvestor.com/SI/store/TopSmallStocks.shtml

Learn More
http://www.stingyinvestor.com/SI/store.shtml

Subscribe Today
http://www.stingyinvestor.com/SI/store/order.shtml 



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ISSN 1499-2795 Copyright Dan Hallett and Associates Inc., 2007.
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.