"Investors repeatedly jump ship on a good strategy just because it
hasn't worked so well lately, and, almost invariably, abandon
it at precisely the wrong time."  - David Dreman


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

Lining up to invest? I'm inclined to look the other way
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20071117/STBUYSIDE17
"It is here that memories of gold buyers lining up before Deak Pereira in
1980 keep running through my mind, and bring up the nagging thought: Can
this be the top of the million-dollar-condo bubble? It is, of course,
possible that it's not, and that a four-room (as yet unbuilt) Toronto condo
would be worth $10-million - maybe more - very soon, just as it was possible
that an ounce of 1980 gold would be worth north of $800 soon after. But
just as the gold of 1980 revisited its price only 27 years later, those
lining up to buy downtown Toronto condos today may also find they must wait
several years - perhaps many - before they get their money back."

Anatomy of a panic
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20071117/RCOVER17
"For three days in August, an obscure but massive investment class teetered
on the brink of a meltdown, rescued only by the ingenuity of a small
group of bankers and lawyers. The aftershocks have shaken the markets,
destroyed reputations and frayed friendships"

Buying what Buffett buys on filings doubles S&P 500
http://www.bloomberg.com/apps/news?pid=20601213&sid=aHszGRaHR1M4&refer=home
"Buying whatever billionaire Warren Buffett bought, often months after his
share purchases, delivered twice the return of the Standard & Poor's 500
Index during the past three decades. Investors would have earned an annual
return of 24.6 percent by buying the same stocks as Buffett after he
disclosed his holdings in regulatory filings, sometimes four months later,
according to a soon-to-be-released study by Gerald Martin of American
University in Washington and John Puthenpurackal of the University of Nevada, Las
Vegas. The S&P 500 rose 12.8 percent a year in the same period."

Foreclosures hit a snag for lenders
http://www.nytimes.com/2007/11/15/business/15lend.html
"A federal judge in Ohio has ruled against a longstanding foreclosure
practice, potentially creating an obstacle for lenders trying to reclaim
properties from troubled borrowers and raising questions about the legal
standing of investors in mortgage securities pools."

From ants to people, an instinct to swarm
http://www.nytimes.com/2007/11/13/science/13traff.html
"By studying army ants - as well as birds, fish, locusts and other swarming
animals - Dr. Couzin and his colleagues are starting to discover simple
rules that allow swarms to work so well. Those rules allow thousands of
relatively simple animals to form a collective brain able to make decisions
and move like a single organism. Deciphering those rules is a big
challenge, however, because the behavior of swarms emerges unpredictably from the
actions of thousands or millions of individuals."


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
CIBC (CM)                                       5   3   4   2   5    5
Royal Bank (RY)                                 4   3   3   2   5    5
BCE (BCE)                                       3   3   3   4   5    5
Bank of Nova Scotia (BNS)                       4   3   2   2   5    5
Telus (T)                                       3   4   3   4   5    5
TransCanada (TRP)                               2   4   2   3   5    5
Toronto Dominion Bank (TD)                      4   4   2   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
============================================== === === === === === =====
Biovail (BVF)                                   3   4   2   5   5   1.6
National Bank of Canada (NA)                    5   5   4   3   5   1.8
CIBC (CM)                                       5   3   4   2   5   2.4
Bank of Montreal (BMO)                          4   4   4   3   5   2.4
Thomson (TOC)                                   5   3   2   3   3   2.7
Royal Bank (RY)                                 4   3   3   2   5   3.1
Teck Cominco Limited (TCK.B)                    5   3   4   4   4   3.2
Bank of Nova Scotia (BNS)                       4   3   2   2   5   3.4
Toronto Dominion Bank (TD)                      4   4   2   3   4   3.8
BCE (BCE)                                       3   3   3   4   5   3.9
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   40.87 103.34
Lundin Mining Corporation (LUN)                 5   5   0   16.94  66.60
Thomson (TOC)                                   5   3   3   49.03  19.57
National Bank of Canada (NA)                    5   5   5   59.28  16.16
Magna Cl.A (MG.A)                               4   5   3   99.28  14.83
Teck Cominco Limited (TCK.B)                    5   3   4   41.91   2.25
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

Contrarian Investor's 13
by Benj Gallander

Benj, a fellow Canadian MoneySaver contributing editor, publishes
the successful Contra The Heard investment newsletter with his
partner Ben. You can find out all about his investment
philosophy by reading his well-written book the Contrarian Investor's 13.
If you're a fan of beaten-down companies that many investors
have simply given up on then Benj's book will tickle your fancy.
Be sure to grab a copy soon because Canadian print runs tend to
be small and procrastinators might be out of luck.
Amazon Link: http://www.amazon.ca/exec/obidos/ASIN/0143015923/


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.