Something to Buy December 2014

There is always something to buy in the stock market. On Monday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield.

Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See my spreadsheet at here. As in other spreadsheets, you can highlight a line or a number of lines for better viewing.

In this spreadsheet I am saying stocks are relatively cheap by comparing the current dividend yield to the historically high dividend yield, the historically average dividend yield and the median dividend yield over the past 5 years. Note that my historical data varies by company.

When I say a stock is showing as relatively cheap historically I mean that the current dividend yield is higher than the historically high dividend yield. When I say that a stock is relatively cheap by the historical average, I mean that the current dividend yield is higher than the historical average dividend yield. When I say a stock is showing as relatively cheap by the 5 year median, I mean that the current dividend yield is higher than the 5 year median dividend yield.

Of the consumer discretionary stocks, Dorel Industries (TSX-DII.B A) is showing as relatively cheap historically. Other consumer discretionary stocks are relatively cheap by the historical average such as Goodfellow Inc. (TSX-GDL), Leon's Furniture (TSX-LNF) and Newfoundland Capital Corp (TYSX-NCC.A).

One Consumer Staple stocks is relatively cheap by the historical average and that is Saputo Inc. (TSX-SAP). Rogers' Sugar (TSX-RSI) is showing as relatively cheap by the 5 year median.

Both the US Health Care stocks I follow, that is Johnson and Johnson (NYSE-JNJ) and Medtronic Inc. (NYSE-MDT) are relatively cheap by the historical average.

Of the Real Estate Stocks, Granite Real Estate (TSX-GRT.UN) is relatively cheap by the historical average and H & R Real Estate Investment Trust (TSX-HR.UN) is showing as relatively cheap by the 5 year median.

Some of the banks still seem to be cheap. These would be Bank of Nova Scotia (TSX-BNS) and Royal Bank (TSX-RY) which are showing as relatively cheap by the historical average.

Of the Financial Services stocks, AGF Management (TSX-AGF) is still showing as cheap historically. CI Financial (TSX-CIX), Home Capital Group (TSX-HCG), IGM Financial (TSX-IGM) and Power Corp (TSX-POW) are showing as relatively cheap by the historical average. None of the Insurance group is show as cheap.

Of the industrials Hammond Power Solutions Inc. (TSX-HPS), PFB Corp (TSX-PFB) and Transcontinental Inc. (TSX-TCL) showing as relatively cheap historically. Also, Bombardier Inc. (TSX-BBD.B), Canam Group Inc. (TSX-CAM), Finning International Inc. (TSX-FTT), Pason Systems Inc. (TSX-PSI), Pulse Seismic Inc. (TSX-PSD) and SNC-Lavalin (TSX-SNC) are showing as relatively cheap by the historical average.

Other industrials are showing as relatively cheap by the 5 year median. They are Canexus Corporation (TSX-CUS), Canyon Services Group (TSX-FRC), Exchange Income Corp (TSX-EIF) and Wajax Corp (TSX-WJX)

There are not many companies in the Tech sector, but Calian Technologies Ltd (TSX-CTY) is showing as relatively cheap historically and Evertz Technologies (TSX-ET) is showing as relatively cheap by the historical average.

A number of energy stocks also seem cheap. Examples are Canadian Natural Resources (TSX-CNQ); Canadian Oil Sands Ltd (TSX-COS), Cenovus Energy Inc. (TSX-CVE), Ensign Energy Services (TSX-ESI) and Suncor Energy (TSX-SU) are showing as relatively cheap historically. Penn West Petroleum (TSX-PWT) is showing as relatively cheap by the 5 year median.

I have two materials stocks and both are showing up cheap. Teck Resources Ltd (TSX-TCK.B) is showing as relatively cheap historically. Barrick Gold Corp. (TSX-ABX) is showing as relatively cheap by the historical average.

The infrastructure type utility companies are not cheap. The only utility companies that is showing as cheap, is TransAlta Corp (TSX-TA) which is showing as relatively cheap by the historical average.

Of the Telecom Stocks Shaw Communications Inc. (TSX-SJR.B) and Manitoba Telecom (TSX-MBT) are showing as relatively cheap by the historical average. WiLan Inc. (TSX-WIN) is showing as relatively cheap historically.

On my other blog I am today writing about Crescent Point Energy Corp. (TSX-CPG, OTC-CSCTF)...continue...

This 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. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

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