You’ll note that this blog mostly covers Large Cap Canadian Resource Stocks. This owing to the “reasonable” security of their long term earnings. Wednesday’s Globe and Mail (Page B10) highlighted the famous strategy of Hedge Fund manager Joel Greenblatt (http://www.theglobeandmail.com/blogs/number-cruncher/a-canadianized-greenblatt-portfolio/article1210604/) adapted for Canadian stocks screening based upon two specific components:
- Earnings Yield
- Return on Capital %
The stocks that made this screen, not including any Income Trust Units are in order and as follows:
- Encana (ECA)
- Agrium (AGU)
- Canadian Natural Resources (CNQ)
- Thompson Creek Metals (TCM) (not a large cap)
- Potash (POT)
- Husky Energy (HSE)
- Russel Metals (RUS) (not a large cap)
- Fairfax Financial (FFH)
- Bombardier (BBD.B)
This corresponds closely with the stocks listed in most recent blogs. While caution is the overall recommended sentiment and strategy, on weaker days, one should consider picking away at the stocks that have been recommended in past blogs. For a review of them, scroll down.
Will be out of town Saturday – Wednesday so I will not be blogging (after tomorrow) for a few days. Lots of luck, Warren.
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