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The Latest Edition

2014
  11: 02 08 16 23
  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
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

Stingy News Quarterly
2014: Q1
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
  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



The Stingy News Weekly (08/16/2009)

"If the job has been correctly done when a common stock is
purchased, the time to sell it is almost never."  - Philip Fisher


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

What would Warren do?
http://www.theatlantic.com/doc/200909/warren-buffett
"More like the early Christians in pagan Rome than the millions
of Muslims thronging Mecca, Buffett's hard-core 'value investors'
are few, and in many ways, their entire lives run against the
grain of the dominant culture. Only here in Omaha, for one
weekend a year, are they a majority. The meeting, with its
quasi-ritual speeches, canonical stories and jokes, and the fellowship of
other value investors, helps to brace them against a society that
almost actively rejects their austere financial philosophy."

Help with unwinding loved one's estate
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20090813/RCESTNICK13ART1853
"We then started talking about the work that it can be to look
after an estate after someone has passed away. Not the most
uplifting conversation, I know, but Nancy had questions, because her
mother had just passed away, leaving her and her brother to look
after the estate. Here's a checklist of important financial
issues to deal with when someone passes away."

The three-dimensional portfolio
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20090727/RETFS27ART1854
"Here's a mind-blowingly simple answer to the basic but crucial
question of how many securities are required for a properly
diversified portfolio. Three. You read that right. If you're
portfolio building with exchange-traded funds (ETFs), three are all you
need for a lifetime of diversified investing."

It's easy to front-run a TIPS ETF
http://www.businessinsider.com/its-easy-to-front-run-tips-etfs-2009-8
"Seeking a safe haven from inflation, this year investors have
stashed $5.6 billion into the iShares Barclays Treasury Inflation
Protected Securities ETF (TIP). Problem is, this ETF may not be
the safe haven they expect."

Toxic loans topping 5%
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTTT9jivRIWE
"More than 150 publicly traded U.S. lenders own nonperforming
loans that equal 5 percent or more of their holdings, a level that
former regulators say can wipe out a bank.s equity and threaten
its survival."

Do your legwork before hiring an adviser
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20090723/RCARRICK23ART19002
"There's a kind of investment risk that is statistically very
rare, but crushing if it happens to you. It's called adviser risk
and, thanks to coverage of the scheme allegedly perpetrated by
Montreal financial adviser Earl Jones, we have a horrifying view
of what it means. As much as $30-million to $50-million belonging
to Mr. Jones's clients, many of them seniors, has allegedly
disappeared. Some victims are looking at having to sell their
homes, while others have had to rely on food banks to get by."

Free money! Honest
http://ftalphaville.ft.com/blog/2009/07/27/63036/free-money-honest/
"The financial world's attention may be on the high frequency
trading programmes employed by numerous banks and hedge funds. But
there is another story. Algorithmic trading, by eliminating the
human touch, presents an uncomfortably tempting proposition to
the retail investor. One area where this is clearly becoming
evident is in the loosely regulated spot foreign exchange market.
Scores and scores of products claiming to have the ability to make
you money while you sleep, with no need for financial knowledge
at all, are hitting the marketplace."

Flipping out
http://www.thebigmoney.com/articles/hey-wait-minute/2009/07/28/flipping-out
"Yet recent research into coin flips has discovered that the laws
of mechanics determine the outcome of coin tosses: The
startling finding is they aren't random. Instead, for natural flips, the
chance of a coin coming up on the same side as it started is
about 51 percent. Heads facing up predicts heads; tails facing up
predicts tails."

Theory of games and economic misbehavior
http://www.edge.org/documents/archive/edge295.html
""I refuse to accept however, the stupidity of the Stock Exchange
boys, as an explanation of the trend of stocks," wrote John von
Neumann to Stanislaw Ulam, on December 9, 1939. "Those boys are
stupid alright, but there must be an explanation of what
happens, which makes no use of this fact.""

The next great bailout
http://money.cnn.com/2009/07/29/news/economy/fixing_social_security.fortune/index.htm?postversion=2009073009
"In Washington these days, the only topics of discussion seem to
be how many trillions to throw at health care and the recession,
and whom on Wall Street to pillory next. But watch out. Lurking
just below the surface is a bailout candidate that may soon
emerge like the great white shark in Jaws: Social Security."




Tip Sheet
http://www.stingyinvestor.com/SI/strategy/tipsheet.shtml

Weekend Vids
http://www.ndir.com/SI/strategy/tipsheet/06-28-2009-Weekend-Vids.shtml
A little collection of interesting videos and lectures.




DOW 30 Value Screens
http://www.stingyinvestor.com/SI/strategy.shtml 

High Dividend Yield Stocks                   P/E P/B P/S P/D Yield
============================================ === === === === =====
AT&T  (T)                                     4   4   3   5    5
Verizon  (VZ)                                 3   4   4   5    5
EI DuPont  (DD)                               1   2   3   5    5
Merck  (MRK)                                  5   2   1   5    5
Pfizer  (PFE)                                 3   4   2   5    5
Kraft  (KFT)                                  4   4   4   4    4
Chevron  (CVX)                                5   4   5   4    4
Caterpillar  (CAT)                            2   2   5   4    4
Boeing  (BA)                                  3   1   5   4    4
McDonald's  (MCD)                             3   1   2   4    4
More Info: http://www.stingyinvestor.com/SI/strategy/dogs.shtml 

Value Ratio Stocks                           P/E P/B P/S P/D  VR
============================================ === === === === =====
AT&T  (T)                                     4   4   3   5   1.9
Chevron  (CVX)                                5   4   5   4   2.1
Merck  (MRK)                                  5   2   1   5   2.3
Verizon  (VZ)                                 3   4   4   5   2.4
Kraft  (KFT)                                  4   4   4   4   3.3
Pfizer  (PFE)                                 3   4   2   5   3.4
Procter & Gamble  (PG)                        4   4   2   4   3.6
General Electric  (GE)                        5   5   4   3   3.7
Boeing  (BA)                                  3   1   5   4   3.9
Johnson & Johnson  (JNJ)                      4   2   2   3   4.0
More Info: http://www.stingyinvestor.com/SI/strategy/valueratio.shtml 

Graham Stocks                            P/E P/B P/D   G$   dG$(%)
======================================== === === === ====== ======
Travelers  (TRV)                          5   5   2   65.97  39.63
Chevron  (CVX)                            5   4   4   89.72  30.73
General Electric  (GE)                    5   5   3   17.29  24.21
AT&T  (T)                                 4   4   5   27.59   8.42
Walt Disney  (DIS)                        2   5   1   26.58   2.79
Bank of America  (BAC)                    1   5   1   17.65   1.48
More Info: http://www.stingyinvestor.com/SI/strategy/graham.shtml 



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*
======================================= === === === === === ======
BCE (BCE)                                2   4   4   5   5    5
Telus (T)                                5   4   4   4   5    5
Bank of Montreal (BMO)                   2   3   3   4   5    5
Transalta (TA)                           2   3   3   4   5    5
CIBC (CM)                                1   2   3   5   5    5
TransCanada (TRP)                        3   4   2   3   5    5
Shaw Comm Cl.B (SJR.B)                   3   1   2   3   5    5
Sun Life (SLF)                           1   5   3   2   5    5
Bank of Nova Scotia (BNS)                3   2   3   5   5    5
National Bank of Canada (NA)             3   3   3   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
======================================== === === === === === =====
Telus (T)                                 5   4   4   4   5   1.7
Weston George (WN)                        5   5   5   3   3   1.9
Encana (ECA)                              5   4   3   4   4   2.1
Enbridge (ENB)                            5   2   4   2   4   2.8
TransCanada (TRP)                         3   4   2   3   5   2.9
Husky Energy (HSE)                        4   3   4   4   4   2.9
Bank of Montreal (BMO)                    2   3   3   4   5   3.1
Bombardier Cl.B (BBD.B)                   5   1   5   4   3   3.2
Shaw Comm Cl.B (SJR.B)                    3   1   2   3   5   3.2
BCE (BCE)                                 2   4   4   5   5   3.2
More Info: http://www.stingyinvestor.com/SI/strategy/valueratio.shtml 

Graham Stocks                            P/E P/B P/D   G$   dG$(%)
======================================== === === === ====== ======
Weston George (WN)                        5   5   3  106.15  92.31
Talisman Energy (TLM)                     5   3   2   27.53  56.93
Encana (ECA)                              5   4   4   84.45  49.31
Canadian Natural Resources (CNQ)          5   2   1   84.85  32.12
Telus (T)                                 5   4   5   42.49  23.98
Biovail (BVF)                             5   3   3   18.29  20.00
Petro Canada (PCA)                        4   4   3   54.44  19.64
Yamana Gold Inc. (YRI)                    3   5   1   11.86  19.21
Agrium (AGU)                              5   3   1   63.15  18.59
Inmet Mining (IMN)                        3   5   1   53.56  13.96
Canadian Tire (CTC.A)                     4   4   2   65.73  11.03
Thomson Reuters (TRI)                     3   5   4   38.37   8.02
Canadian Pacific Rail (CP)                3   4   3   57.19   7.90
Husky Energy (HSE)                        4   3   4   31.82   2.78
Metro-Richelieu Cl.A (MRU.A)              4   3   2   36.49   2.31
Loblaw (L)                                4   4   3   33.51   1.79
TransCanada (TRP)                         3   4   5   31.99   1.58
More Info: http://www.stingyinvestor.com/SI/strategy/graham.shtml 

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


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Books for Stingy Investors

Security Analysis
by Benjamin Graham & David Dodd

Graham and Dodd's Security Analysis is the investment bible for
smart investors. Regrettably the breadth of material that it
covers can be intimidating and only dedicated students are likely to
make it through its 770 pages. However, Security Analysis is
filled with Graham's practical investment philosophy and if you're
a serious investor then you should read this book.
Amazon Link: http://www.amazon.ca/exec/obidos/ASIN/0071448209/


Stock Research

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 06/30/2009)
  Average Capital Gain    Average Holding Period
          29.8%                   2.4 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 Norman Rothery, 2009.  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.  Norm or
related-parties may have an interest in the securities mentioned.

 

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Disclaimers: Consult with a qualified investment advisor 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, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. More...