"In the financial world it tends to be misleading to state, "There
is no free lunch." Rather the more meaningful comment is,
"Somebody has to pay for lunch.""  - Martin Whitman


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

Financial forecasts likely to be wrong
http://www.cbc.ca/cp/business/071027/b10279A.html
"Studies of portfolio choice consistently show the toxic impact of
overtrading, the power of low-price-to-earnings investing and the value that
dividends and dividend growth bring to portfolio performance."

Is marriage a dumb move?
http://money.cnn.com/2007/10/24/pf/marriage.moneymag/index.htm?postversion=2007102506
"The decision to wed or not, of course, is between you, your intended and
your conscience. But you should realize that from a coldhearted financial
perspective, the U.S. tax code and Social Security rules don't necessarily
come down in favor of marriage for people with a substantial amount of
assets."

A beautiful mind
http://www.canadianbusiness.com/my_money/investing/article.jsp?content=20071026_143049_4884
"If you believe that thinkers never accomplish much in the real world, you
should meet Rob Morrison. He's a quiet, analytical man who started out as
a competitive chess player before becoming fascinated by the world of
money. Over the past 25 years, while working from his computer in his
comfortable Toronto home, he has thought long and hard about how to invest well.
By putting his ideas into practice, he has grown his personal portfolio
from a few hundred thousand dollars to more than $10 million."

For sale: 2 million empty homes
http://money.cnn.com/2007/10/26/news/economy/vacant_homes/index.htm?postversion=2007102612
"The number of vacant homes for sale rose in the third quarter, according
to the latest government reading that casts new harsh light on the weakness
of the housing market. The Census Bureau report puts the number of vacant
homes for sale at 2.07 million in the period, up about 2 percent from the
second quarter, and 7 percent above year ago levels."

3 bargain stocks
http://money.cnn.com/2007/10/16/news/newsmakers/bargain_stocks.fortune/?postversion=2007102308
""Safe and cheap" makes for a comforting mantra. Rather than timidity,
though, Whitman's approach actually calls for remarkable fortitude. It
requires the nerve to pick through distressed companies that others are ignoring
and demands the conviction to see big gains come to fruition."

A super-duper bad-loan bailout scam
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/ASuperDuperBadLoanBailoutPlan.aspx
"When I first heard about this, I was outraged, disgusted and slightly
depressed. I thought, here we go, another bailout. Barney Frank and friends
are trying to bail out the homeowners. Wall Street, the Treasury Department
and the Bank of England appear determined to do whatever it takes so that
we have absolutely no price discovery on any mortgage-related assets that
may have gone bad -- thereby giving a pass to the folks who've made
obscene amounts of money conceiving and marketing them. Whether you call this
crony capitalism or socialism, the worst of it is what we have become."

Fifteen ways to reduce your 2007 taxes
http://www.deloitte.com/dtt/newsletter/0,1012,cid%253D175828,00.html
"Fall is always a good time to take stock of one.s tax situation. As
several weeks remain before the end of the year, now is the time to review your
2007 transactions and make any necessary adjustments. Tax planning is
always an issue, whether you work, are retired, operate a business directly or
operate a business through a corporation. Here are fifteen ways, among
others, to save on taxes for 2007."


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)                                   3   4   2   5   5    5
Bank of Montreal (BMO)                          4   4   4   3   5    5
National Bank of Canada (NA)                    5   5   4   3   5    5
Royal Bank (RY)                                 4   3   3   2   5    5
TransCanada (TRP)                               3   4   2   4   5    5
BCE (BCE)                                       3   3   3   4   5    5
CIBC (CM)                                       5   2   4   2   5    5
Bank of Nova Scotia (BNS)                       4   3   2   2   5    5
Toronto Dominion Bank (TD)                      4   4   3   3   5    5
Enbridge (ENB)                                  2   3   5   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
============================================== === === === === === =====
National Bank of Canada (NA)                    5   5   4   3   5   1.9
Biovail (BVF)                                   3   4   2   5   5   2.3
Bank of Montreal (BMO)                          4   4   4   3   5   2.8
CIBC (CM)                                       5   2   4   2   5   3.0
Royal Bank (RY)                                 4   3   3   2   5   3.4
Bank of Nova Scotia (BNS)                       4   3   2   2   5   3.7
Toronto Dominion Bank (TD)                      4   4   3   3   5   4.0
BCE (BCE)                                       3   3   3   4   5   4.3
Teck Cominco Limited (TCK.B)                    5   3   4   4   4   4.4
Husky Energy (HSE)                              4   2   4   5   4   4.5
More Info: http://www.stingyinvestor.com/SI/strategy/valueratio.shtml 

Graham Stocks                                  P/E P/B P/D   G$   dG$(%)
============================================== === === === ====== ======
MDS Inc. (MDS)                                  5   5   0   40.75  90.98
Lundin Mining Corporation (LUN)                 5   5   0   16.76  35.26
National Bank of Canada (NA)                    5   5   5   59.34  14.09
Magna Cl.A (MG.A)                               4   5   3   95.73   7.98
More Info: http://www.stingyinvestor.com/SI/strategy/graham.shtml 

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

Switch to the HTML version if the tables aren't formatted properly.
http://www.stingyinvestor.com/cgi-bin/email.cgi 


Books for Stingy Investors

The Intelligent Investor
by Benjamin Graham & Jason Zweig

Follow Warren Buffett's advice and read "by far the best book on
investing ever written". The latest edition provides the full
text of Graham's original work and supplemental chapters with more
modern commentary from Money Magazine editor Jason Zweig. I
like to read this book every few years and would probably benefit
by reading it even more frequently.
Amazon Link: http://www.amazon.ca/exec/obidos/ASIN/0060555661/


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 09/30/2007)
  Average Capital Gain    Average Holding Period
          53.4%                   2.5 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 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.