Stingy Investor Contact - Subscribe - Login
  Home | Articles | Screens | Links | SNW | Rothery Report
 
The Stingy News Weekly (05/08/2011)


"Debt is always repaid, either by the borrower or by the lender."
- James Grant


New @ StingyInvestor

Free Book Draw
"Insomniac press recently sent me a stack of books that I'm happy to pass along to my friendly readers."


Stingy Links

Think big and go broke
"Alcoa, with its two AA’s, is the first symbol alphabetically in the Standard and Poors 500 Index. It is also traditionally the first S&P company to report quarterly earnings. Why? With results like these over the last 17 years one would think that the SEC would have to drag the results out of them. Or maybe Alcoa executives would hide ‘til midnight Friday and put out a press release when no one would be likely to report it. But no, this capitalistic catastrophe is Johnny on the spot every quarter, and neatly illustrates an investing nugget my partner Edwin Levy and I stumbled upon nearly twenty years ago. After faithfully perusing the Value Line Survey every weekend for many years, we noticed that over half of the companies portrayed didn’t actually make any money. Value Line follows almost 2000 stocks in its main survey, so this is quite a mouthful, but so many of them look like Alcoa here. They report earnings, to be sure, and we all understand the denotation of “earnings”. We mean GAAP, or in some technology companies we mean near GAAP, but only after we fudge some of the expenses. We generally get the hang of Generally Accepted Accounting Practices. But when we say “profits”, it has a connotation very different. We know intuitively what a profit is at a local bakery. Profit, in every day speech, means money that we can take out of a business and spend on completely different things--- schools fees, new cars, diamond rings---and when we come back on the Monday morning, we still have an asset to come back to. You can see for yourself that that in no way describes Alcoa."


Double Dip
"National home prices are officially on the hunt for a new bottom. After beginning to decline again this summer, once the home buyer credit expired, home prices hit a new post-bubble low in April, according to housing industry consulting firm Clear Capital. It reports that national home prices now sit 0.7% below their March 2009 low. Over the past nine months, they're down 11.5%."


Inevitability of a Default in Greece
"Sooner or later there will be a Greek default, even if it is officially described as a “voluntary restructuring” approved by most bondholders. Europe wants to delay that at least until 2013, when new rules are supposed to kick in that would let official creditors — such as Europe’s bailout fund — do better in a deal than private creditors. But it seems less and less likely that the inevitable can be delayed that long."


T.O.'s unquenchable thirst for condos
"The still-buoyant real estate market hasn’t just kept house and condo prices high it’s held rents aloft as well. Developers in Toronto and other major Canadian cities stopped building large new rental high-rises in the 1970s. That was partly due to rent controls in Ontario and other provinces, but also because condominiums offered a faster, more certain payoff to a developer—once the building is completed and you’ve sold the units, you’re out. You don’t have to manage and maintain it for years, even decades. As for owners, they could either occupy the units or make a pretty penny renting them out. “Condos have become the de facto new rental supply,” says consultant Barry Lyon. That supply is much more expensive than old rental high-rises. Lyon and other analysts say that renters typically pay 50% more for a new condo unit than they would on rent for a comparable apartment in an aged building."



DOW 30 Value Screens

High Dividend Yield StocksP/EP/BP/SP/DYield
AT&T (T)55355
Verizon (VZ)13555
Merck (MRK)14255
Pfizer (PFE)14255
Kraft (KFT)35455
Johnson & Johnson (JNJ)32155
Procter & Gamble (PG)23244
Intel (INTC)43144
McDonald's (MCD)21144
EI DuPont (DD)31344
Notes | More Info...


Value Ratio StocksP/EP/BP/SP/DVR
AT&T (T)55351.62
Chevron (CVX)54443.33
Travelers (TRV)55433.34
Intel (INTC)43143.51
Kraft (KFT)35454.06
Microsoft (MSFT)52134.11
Johnson & Johnson (JNJ)32154.23
JP Morgan Chase (JPM)55324.54
Wal-Mart (WMT)43534.57
Coca-Cola (KO)41134.60
Notes | More Info...


Graham-Lite StocksP/EP/BP/DG$dG$(%)
Travelers (TRV)55399.7257.21
JP Morgan Chase (JPM)55266.2547.09
AT&T (T)55538.7724.01
Chevron (CVX)544110.287.20
Hewlett-Packard (HPQ)43140.920.26
Notes | More Info...


Top US StocksYieldV.R.Graham
AT&T (T)YYY
Chevron (CVX)YY
Intel (INTC)YY
JP Morgan Chase (JPM)YY
Johnson & Johnson (JNJ)YY
Kraft (KFT)YY
Travelers (TRV)YY
Coca-Cola (KO)Y
EI DuPont (DD)Y
Hewlett-Packard (HPQ)Y
McDonald's (MCD)Y
Merck (MRK)Y
Microsoft (MSFT)Y
Pfizer (PFE)Y
Procter & Gamble (PG)Y
Verizon (VZ)Y
Wal-Mart (WMT)Y
Notes...



S&P/TSX60 Value Screens

High Dividend Yield StocksP/EP/BP/SP/DYield
Transalta (TA)14455
BCE (BCE)33455
Sun Life (SLF)55555
Bank of Montreal (BMO)54355
Shaw Comm Cl.B (SJR.B)21355
Husky Energy (HSE)34455
Telus (T)33455
CIBC (CM)52355
Power Corp (POW)45555
Rogers Comm Cl.B (RCI.B)41455
Notes | More Info...


Value Ratio StocksP/EP/BP/SP/DVR
Sun Life (SLF)55552.34
Bank of Montreal (BMO)54352.58
BCE (BCE)33452.96
CIBC (CM)52353.10
Rogers Comm Cl.B (RCI.B)41453.34
National Bank (NA)53343.58
Power Corp (POW)45553.58
Husky Energy (HSE)34453.80
Telus (T)33453.80
Bank of Nova Scotia (BNS)42243.90
Notes | More Info...


Graham-Lite StocksP/EP/BP/DG$dG$(%)
Sun Life (SLF)55544.3745.68
Canadian Tire (CTC.A)55379.1435.08
Inmet Mining (IMN)54186.1632.99
Nexen (NXY)55129.9225.82
Magna (MG)54363.5325.77
Research in Motion (RIM)52046.404.14
Power Corp (POW)45528.662.51
Brookfield A.M. (BAM.A)45232.862.46
Bank of Montreal (BMO)54561.772.08
Yamana Gold Inc. (YRI)25211.631.74
Kinross Gold (K)35114.620.54
Notes | More Info...


Top Canadian StocksYieldV.R.Graham
Bank of Montreal (BMO)YYY
Power Corp (POW)YYY
Sun Life (SLF)YYY
BCE (BCE)YY
CIBC (CM)YY
Husky Energy (HSE)YY
Rogers Comm Cl.B (RCI.B)YY
Telus (T)YY
Bank of Nova Scotia (BNS)Y
Brookfield A.M. (BAM.A)Y
Canadian Tire (CTC.A)Y
Inmet Mining (IMN)Y
Kinross Gold (K)Y
Magna (MG)Y
National Bank (NA)Y
Nexen (NXY)Y
Research in Motion (RIM)Y
Shaw Comm Cl.B (SJR.B)Y
Transalta (TA)Y
Yamana Gold Inc. (YRI)Y
Notes...



The Rothery Report
(Learn More | Subscribe Today)

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 03/31/2011)
Average Capital Gain
40.5%



Stingy News Weekly
The Latest Edition

Get the Stingy News
via email with ...
The Rothery Report

2017
  11: 06 12 20
  10: 01 07 16 23 30
  09: 04 11 17 23
  08: 07 16 20 28
  07: 02 09 16 23 30
  06: 04 11 18 26
  05: 07 14 21 28
  04: 02 09 16 23 30
  03: 05 12 19 26
  02: 05 12 19 26
  01: 02 07 15 22 29
2016
  12: 04 11 18 26
  11: 06 13 20 27
  10: 02 09 16 23 29
  09: 04 11 18 25
  08: 07 14 21 28
  07: 03 10 17 24 31
  06: 05 11 19 26
  05: 01 08 15 22
  04: 03 10 17 24
  03: 06 13 20 27
  02: 07 14 21 28
  01: 03 10 17 24 31
2015
  12: 06 13 20 27
  11: 01 08 15 22 29
  10: 04 10 18 25
  09: 05 13 20 27
  08: 17 23 30
  07: 05 12 19 26 31
  06: 06 14 21 28
  05: 03 09 17 23 31
  04: 04 12 19 26
  03: 01 07 15 22 28
  02: 07 14 21
  01: 04 12 18 25 31
2014
  12: 06 14 21 28
  11: 02 08 16 23 30
  10: 04 11 19 26
  09: 06 14 19 28
  08: 10 16 24 29
  07: 05 12 19 25
  06: 08 15 20 29
  05: 04 11 18 25 30
  04: 06 12 20 27
  03: 02 09 16 23 30
  02: 01 09 16 23
  01: 05 12 18 26
2013
  12: 02 09 16 30
  11: 03 11 17 24
  10: 06 14 20 27
  09: 09 16 23 30
  08: 04 10 25
  07: 07 15 21 28
  06: 03 09 16 23 30
  05: 05 12 19 26
  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

Archive

Stingy News Quarterly
2014: Q1 Discontinued
2013: Q1 Q2 Q3 Q4
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

Dan's Reports
About Dan

Privacy Policy


 
About Us | Legal | Contact Us
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...