Stocks

For my investment blog, see www.spbrunner.blogspot.com. I have also loaded an index spreadsheet with some key ratios here. This was last updated November 12, 2011. Click on the Investing tab to the left or here for some of my investing comments. See copyright and disclaimer information at the bottom of this page. In working with my reports, you do not need a recently dated one of mine to make a judgment call on a stock. This is because I look at a stock over the last 5 and 10 years, I do not just look at what they are doing now. You need to make two decisions when looking to buy a stock. The first one is “Does my report describe a stock you would like to own?” If so, then second question is, “Is the stock selling at a relatively reasonable price?” Click here to continue. For my spreadsheet on dividend increases, see dividend spreadsheet. For all my stocks, I have shown in the date column, if a company has actually increased their dividend yet for that financial year. In the “div” column preceding, I show the percentage increase in the dividends for the company’s financial year ending that year. For my book review blog, see www.spbrunner2.blogspot.com. To the right is the book I am currently reading available in Amazon.ca. This same book available in Amazon.com is on my blog.
AG Growth International	AGF Management Ltd	Algonquin Power & Utilities Corp
Alimentation Couche-Tard	Alliance Grain Traders Inc	Altagas Ltd
Andrew Peller Ltd	Arc Resources Ltd	Astral Medial Inc
ATCO Ltd	Atlantic Power Corp	Automodular Corp
Badger Daylighting Ltd
Ballard Power Systems	Bank of Montreal	Bank of Nova Scotia
Barclays Bank PLC	BCE Inc	Bell Aliant
Bombardier Inc	Brookfield Asset Mge	Brookfield Properties
Calian Technologies Ltd	Calloway REIT	Canada Bread Co.
Cdn Helicopters Group	Canadian National Railway	Cdn Natural Resources
Canadian Oil Sands	Canadian Pacfic Railway	Canadian Real Estate
Canadian Tire Corp	Canadian Utilities Ltd	Canam Group Inc
CCL Industries	Cenovus Energy Inc	CI Financial
Cinram Intl Inc	ChemTrade Logistics Inc	Computer Modelling Group
Consumers Waterheater
Davis and Henderson	DirectCash Payments Inc	Dorel Industries
Emera Inc	Enbridge Inc	Enbridge Income Fund
EnCana Corp	EnerCare Inc	Enghouse Systems Ltd
Ensign Energy Services	Evertz Technologies	Finning International
First Capital Realty	FirstService Corp	Fort Chicago Energy
Fortis Inc	Forzani Group Ltd	Gaz Metro LP
Genivar Inc	Gennum Corp	Gluskin Sheff + Assoc. Inc
Goodfellow Inc	Great-West Lifeco Inc
Home Capital Group	H&R Real Estate	Husky Energy
IBI Group Inc	IESI-BFC Ltd	IGM Financial
Innergex Renew. Energy	Intact Financial Corp	Inter Pipeline Fund
Jean Coutu Group	Johnson & Johnson	Just Energy Group
K-Bro Linen Inc	Keyera Corp	Lassonde Industries
Leons Furniture	Linamar Corporation	Loblaw Companies
Magna International Inc	Manitoba Telecom Services	Manulife Financial Corp
Matrikon Inc	Marsulex Inc	McCoy Corp
MDS Inc	Medtronic Inc	Melcor Dev
Methanex Corp	Metro Inc	MI Developments
Molson Coors Canada	Mullen Group Ltd
Newfoundland Capital Corp	Nordion Inc	North West Company
Northland Power Inc
ONEX Corp	Organic Resouce Mge
Pareto Corp	Pembina Pipeline Corp
Penn West Petroleum	PFB Corp	Power Financial Corp
Power Corp	Progressive Waste Sols	Pulse Seismic Inc
Reitmans Ltd	Research In Motion	Richelieu Hardware
RioCan Real Estate	Rogers Sugar Inc
Royal Bank	Russel Metals Inc
Saputo Inc	Shaw Communications	Shoppers Drug Mart
SNC Lavalin	Stantec Inc	Stella-Jones Inc
Sun Life Financial	Suncor Energy Inc	Superior Plus Corp
TD Bank	Teck Resources Ltd	TECSYS Inc
Telus Corp
Thomson Reuters Corp	TMX Group	Toromont Industries Ltd
TransAlta Corp	TransCanada Corp	Transcontinental Inc
Valener Inc	Veresen Inc
Wajax Corp	Waterfurnaces Renewable	Wi-Lan Inc

For all the stocks listed about, I have also loaded up my spreadsheet as a HTM file, so you do not need Excel to view them. I have also made comments on my blog, which should be read in conjunction with these spreadsheets. Just follow the click "here" under each stock.

My blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional.

Continued from top of page

The first questions can be answered by reading the first part of my report on a stock, or if the stock report has two blog entries then read the first blog entry. The second questions can be answered in the 2nd part of my report on a stock, or if the stock report has 2 blog entries, then the 2nd blog entry. The second part of my report or the second blog entry should give you a good idea on what is a relatively reasonable stock price.

There are analysts that feel the only stock price test to use is the Dividend Yield one. Basically you buy a stock when the Dividend Yield is relatively high. I generally compare the current yield to the 5 year median yield and I want the stocks yields to be at or above this one. Some people like to see the yield at or above the 10 year median yield. My spreadsheet shows both. The dividend yield can be found at the Globe and Mail Investor site under the Summary tab.

I generally give 5 year low and high median Price/Earnings ratios. If they are, say 10 and 15, you want a stock with a P/E closer to 10 than 15. Say around 12.5 or lower. Globe and Mail Investor site is a good place to get this. You would want the “Forward P/E” found in the Summary section.

I give the 10 year median Price/Book Value Ratio. You would want a stock with a P/B ratio close to or below the 10 year median P/B. The Reuter’s site is the only one I know with this information. For Canadian Stocks follow the symbol with “.TO”. For example, for Fortis Inc., use FTS.TO. See this under the Financials tab. (MRQ means Most Recent Quarter and TTM means Trailing Twelve Months.)

The fourth test I use to see whether or not a stock price is reasonable is the Graham Price Test. I give the current Graham Price in my write up. I generally say the low and high 10 year median deviation of the stock price from the Graham Price.

If, for example, the low and high 10 year median difference between the Graham price and the stock price is 0% and 50%, you would want the difference between the current stock price and Graham Price to be at or below 25%. I give you the Graham Price and you will have to figure out how much the current stock price varies from it.

If you get mixed results from these tests, look to see if I said one of these test had any problems. If so, eliminate that test. Otherwise look to the Dividend Yield and P/B Ratio tests. If they disagree, use the Dividend Yield test.

My report covers the last 5 and 10 years because I am a long term investor – not a short term trader. I use short paragraphs so it is easier to scan a report for specific information.