"I will tell you how to become rich. Close the doors. Be fearful
when others are greedy. Be greedy when others are fearful."  - Warren Buffett


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

Income transfers can backfire
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20070707/STCESTNICK07
"The only thing that might hurt more than paying double the cost is being
double-taxed. Subsection 56(4) of Canadian tax law can cause this problem
if you're not careful."

What's up with all those tip jars?
http://articles.moneycentral.msn.com/SavingandDebt/ConsumerActionGuide/WhatsUpWithAllThoseTipJars.aspx
"Am I alone in taking pointed notice of all the tip jars that have
blossomed on business countertops? From delis to pizzerias, Chinese takeout joints
to barbershops, the word has spread like wildfire: If you put out a tip
jar, people will fill it. Well, maybe they will, but I have yet to be
shamed (if this is the right word) into casting my coin into the tip jar
fountain. Perhaps it is the scientist in me, but I try to reason the situation
out like this: I call in my order to the Chinese restaurant. I drive there
to pick it up. I pay the menu price. Why on earth would I pay more than
they are asking for their product? Doing so strikes me as positively
un-American. Tipping used to be confined to service-oriented occupations:
waitresses, taxi drivers, doormen. Now it has spread to businesses where I seem
to be doing most of the work."

Attack of the mutant rice
http://money.cnn.com/magazines/fortune/fortune_archive/2007/07/09/100122123/index.htm?postversion=2007070215
"America's rice farmers didn't want to grow a genetically engineered crop.
Their customers in Europe did not want to buy it. So how did it end up in
our food?"

Florida foreclosure future shock
http://money.cnn.com/2007/07/05/real_estate/futureshock_Florida_housing_will_fall/index.htm?postversion=2007070612
"A tidal wave of foreclosures may be heading toward Florida, if you judge
by the number of homeowners looking to get rid of their homes as fast as
they can. Duane LeGate, president of House Buyer Network, arranges quick
sales for home owners in distress. He claims he can predict where markets
will go bad by looking at the traffic on his Web site. "We can tell you
what's going to happen nine months from now," he said. His most endangered
market right now is Orange County, Florida, home of Disney World."

How Buffett bounces back
http://www.businessweek.com/investor/content/jun2007/pi20070629_065445.htm?chan=top+news_top+news+index_top+story
"Thousands have studied the success of Warren Buffett, the chairman and CEO
of Berkshire Hathaway (BRKA). And for good reason: The value of Berkshire
stock increased 361,156% from 1964 to 2006. But the country's most famous
investor has made some infamous mistakes, too. Buffett's blunders offer
their own lessons to investors trying to emulate the "Sage of Omaha.""

Charlie Munger's 2007 commencement address
http://www.deeshaa.org/2007/06/06/charlie-munger
"Safest way to get what you want is to deserve what you want. Deliver to
the world what you would buy if you were on the other end. There is huge
pleasure in life to be obtained from getting deserved trust. And the way to
get it is to deliver what you would want to buy if the circumstances were
reversed."


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)                                   2   2   1   5   5    5
Bank of Montreal (BMO)                          4   4   3   3   5    5
National Bank of Canada (NA)                    5   5   4   3   5    5
TransCanada (TRP)                               3   4   2   4   5    5
BCE (BCE)                                       3   3   4   5   5    5
Bank of Nova Scotia (BNS)                       5   3   3   2   5    5
Transalta (TA)                                  1   4   3   4   5    5
Enbridge (ENB)                                  3   3   5   3   5    5
Royal Bank (RY)                                 4   2   3   2   5    5
CIBC (CM)                                       5   3   4   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
============================================== === === === === === =====
National Bank of Canada (NA)                    5   5   4   3   5   2.8
CIBC (CM)                                       5   3   4   2   4   3.4
Bank of Montreal (BMO)                          4   4   3   3   5   3.6
Biovail (BVF)                                   2   2   1   5   5   3.6
Bank of Nova Scotia (BNS)                       5   3   3   2   5   3.7
Teck Cominco Limited (TCK.B)                    5   5   4   5   4   4.0
Royal Bank (RY)                                 4   2   3   2   5   4.2
TransCanada (TRP)                               3   4   2   4   5   4.6
BCE (BCE)                                       3   3   4   5   5   5.1
Toronto Dominion Bank (TD)                      3   4   3   3   4   5.4
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  30.45
More Info: http://www.stingyinvestor.com/SI/strategy/graham.shtml 

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


Books for Stingy Investors

A Random Walk Down Wall Street
by Burton G. Malkiel

Take a random walk down Wall Street and you'll learn a great deal
about market history and current market theory. This book
provides an excellent introduction to the markets and gives readers a
good grounding in the efficient market hypothesis. Along the
way Malkiel makes a very strong case for indexing but even active
investors will find a great deal of useful information in his
book.
Amazon Link: http://www.amazon.ca/exec/obidos/ASIN/0393325350/


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 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.rotheryreport.com/store/TopSmallStocks.shtml

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., 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.