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Tip Sheet
Tip Sheet Archive
Overview
High Dividend Yield
High Yield DJIA30
High Yield TSX60
Dividends at Risk
Dividend Risk DJIA30
Dividend Risk TSX60
Value Ratio Approach
Value Ratio DJIA30
Value Ratio TSX60
Graham's Approach
Graham DJIA30
Graham TSX60
Other Screens
Low P/E DJIA
Low P/E TSX60
Low P/B DJIA
Low P/B TSX60
Low P/S DJIA
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Stingy Investor Tip Sheet
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| Tangible Book Bargains |
Value investors often seek stocks trading at a discount to book value.
Really thrifty value investors look for stocks trading below tangible
book value. Tangible book value only counts hard assets and ignores
intangible assets like goodwill.
Today I decided to look for Canadian stocks trading at a discount to
tangible book value that also happen to be profitable. After all,
it's best to buy productive assets on the cheap.
Company Price P/TB P/E Leverage
======================= ====== ==== === ========
ACE B (ACE.B) $5.65 0.14 0.2 3.6
Quadra Mining (QUA) $5.27 0.40 1.5 1.6
Imperial Metals (III) $3.20 0.48 1.6 1.9
ADF (DRX) $1.80 0.87 1.7 1.4
Pebercan (PBC) $1.44 0.47 2.2 1.3
Taseko Mines (TKO) $1.08 0.66 2.9 2.5
Air Canada A (AC.A) $4.51 0.30 3.2 4.5
Petro-Canada (PCA) $25.41 0.86 3.2 2.0
Inmet Mining (IMN) $25.00 0.73 3.4 1.4
Teck Cominco B (TCK.B) $14.32 0.82 3.9 1.7
Hudbay Minerals (HBM) $4.61 0.47 3.9 1.3
Linamar (LNR) $8.03 0.62 4.9 2.0
FNX Mining (FNX) $4.75 0.52 5.1 1.3
Velan (VLN) $11.35 0.86 5.2 1.7
Equitable Group (ETC) $14.25 0.84 5.2 16.8
Source: Bloomberg, October 22, 2008
P/TB = Price/Tangible Book Value (MRQ)
P/E = Price/Earnings (TTM)
Leverage = Assets/Equity
login to see the full table
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| | 10/24/2008 1:00 PM EST Permlink save & share | P/B |
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| 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...
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