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Page 1 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
Risk PriceTM analysis of balance sheets allows us to discern a most useful partition from all the equities
in any market. These are ‘likeablesTM’ because they seem “undervalued1” in the market mind-sense.
The demand for them exceeds the supply at current prices. Investors prefer them and price them up. So
there is much to like.
As a group, 2 of 3 ‘likeablesTM’ equities we identify by Risk PriceTM tend to gain in stock price for
long periods. We understand why by proven theory2. We give proof also in open display in real time
markets. Because We Can. No one else can, so they do not. WE DO, Because We Can.
As open handed display of our methods in January 2011 we released the ABC’s portfolio comprised of
just newly identified equities on TSX and NYSE ‘likeablesTM’ market partition. Our ‘likeables’ are
revealed by their rise above Risk Price TM our metric that investors must know to defend their capital.
Our ‘likeables’ tendancy to hold value and gain is better than cash. Risk Averse, Capital Safety and
Liquidity in our method shows, in proven AlphaSmartTM high capital appreciation. Less risk more gain
sounds strange but truth to power3 there is no science in conventional fund portfolio methods.
Then we arbitrarily extended those ABCs to Z showing both ends of our AlphaSmartTM result. The
ABC-Z portfolios make our case even as these two substantively different markets have diverged in
their own pitch and yaws, often moved in different directions. Our ABC-Z sample portfolios are proof
we have shown in open display our theory and method works in real markets.
Fund managers are victims of their own gossip just playing dice 4 , with your money. The self
proclaimed ‘bright lights’ running hedge funds HFRI5 record only 0.0014% pa for the past four years.
For such underperformance they take fees supposed earned. Your risk is their ‘professional’ gain.
Conventional investment industry claims “expertise” but use untestable models,
conjectures claimed as viable theory. These Artful Dodgers just cull small
investors’ wallets to their use. All the fun, fees and profit is theirs, but next to
nothing for you6 are ever left, just their tease for fees, and perhaps a Mozarttaler
for your thanks. Their baseless swing from no-ooo to buy-eee wrecked havouc
on the ABC-Z portfolios but the capital is safe. StopLoss intended to protect
your capital did their job though most all equities rebounded, very sharply. We
reset the ABC-Zs as few are bought back for less, while still ‘likeables’ in a mild
sort of short selling. Most hit the stoploss and sprung far higher.
Some ‘dollar-per-word’ market gossips called the DJI to hit 20000, in 2014 autumn. Market mavens
are irrational gossips, for no reason calling the sky limitless, or market bottoms to fall. Balance sheets
tell the reality of valiant business ideas and how well they are doing in the real economy. Judging by
the ciphers in balance sheets is different than the latest cover flap story. But we wait for their skyfall to
quit and the contented mooing of reality to return to markets. Firms are ready, that is the real story.
There is much to be said for the quiet munching of the herd as real economies ease along on 1.2%.
"there is risk in what you do not or cannot know." Thomas Tooke, 1844
"for the value of money is also perishable." Jean-Baptiste Say , 1803
“
Page 2 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
We offer accredited investors StockTakers 12% Bond7 at our risk, working our proven theory for their
steady return. Proof is shown in our proprietary data driven list of ‘likeables’ helping small investors to
show our ‘stuff’ is robust using just stoploss. ‘Likeables’ portfolio performance is proven. Because we
can, we do. With proven ‘likeables’ we get AlphaSmartTM gains.
The TaxCharityTM and BookBuilderTM portfolios take the challenge for the small investor to invest
savings under the limits of annual Tax shelter provisions. Our followers have done well, as NYSEs
have gained 14.10% since 31 December 2013. Those hedge fund mavens have just made 2.96%. The
prior 18 month trough, made by convention bound wealth mangers having no real direction, has shaken
off QE phantom expectations as patient growth had resumed.
Trouble is the dollar-per-word crowd never knows which end feeds the bull. ‘Heads down’ working,
resolving debt of credit extended to valiant business ideas, the market goes up. Even Europe’s
unemployment is down, contented mooing of heads feeding, it is time for real stocks growth, STXE
gained 2.94% in Q2-3, despite ‘Brexit’. The wearisome US election cycle of rotten tomatoes has
worried the markets through the past two quarters as the combatants resisted effective policy outlooks
and drew back to take aim.
We have seen the real behaviour of market investors to Risk Price TM driven ‘likeables’ is they like
them. Their desire evidences as demand exceeding supply driving ‘likeables’ prices up. We use that
tendency. We must rebuild from 2 years of baseless volatility from wealth managers and ‘dollar-per-
word’ market mavens gossip teasing the pitch into their game of coin tossers, with your cache.
We have more aggressive methods using collaring options for sharpening gains and limiting exit due to
unreasonable market mavens gambolling goats8 grazing on their client wallets. There is no science in
conventional fund portfolio methods9. Avoid those Artful Dodgers. We prove, because we can.
ABCs TO ZsTM Portfolios Update List – 30 November 2016
ABCs for TSX Firms 2011 ‘likeables’ portfolio
from 31 December 2011 Market
Price
Symbol SF (Risk Price)
Stop/Loss
See old posts for Buy-ins 01 December 2011 *100 shares each
Buy-ins *per 100 shares 29feb2016
Agnico-Eagle Mines Ltd. ($44.5 StopLoss 07mar16) AEM 32 45.1
Agrium Inc. ($108.9 StopLoss 14apr16) AGU 109 125.9
Allied Properties REIT ($37.1 StopLoss 06sep16) AP.UN 31 31.9
Brookfield Asset Mngmnt Inc. ($42.9 StopLoss 11apr16) BAM.A 37 40.0
BCE Inc.( $57.6 StopLoss 03mar16) BCE 50 54.2
Progressive Waste Ltd. ($45.09 merge 01jun16 WCN.TO) BIN 30 0.0
Canadian Aptment Prop’s REIT ($30.3 StopLoss 11aug16) CAR.UN 26 28.6
Cineplex Inc. ($49.0 StopLoss 13sep16) CGX 40 47.4
Canadian Imperial Bank ($97.5 StopLoss 29jun16) CM 88 103.4
Emera Inc. ($45.6 StopLoss 28apr16) EMA.TO 38 42.4
Franco-Nevada Corp. ($76.3 StopLoss 04mar16) FNV 56 65.6
FirstService Corporation 58.33 FSV.TO 50 50.2
“
Page 3 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
Fortis Inc. ($39.0 StopLoss 21apr16) FTS 36 37.6
CGI Group ($56.2 StopLoss 24jun16) GIB.A 48 58.1
Gildan Activewear Inc. ($36.1 StopLoss 24jun16) GIL 36 34.3
Domtar Corporation ($48.6 StopLoss 29apr16) UFS 44 49.5
Buy-ins *per 100 shares 31mar2016
Alimentat’n Couche-Tard Inc. ($53.5 StopLoss 25apr16) ATD.B 54 55.5
Cogeco Cable ($65.8 StopLoss 14apr16) CCA.TO 62 62.0
West Fraser Timber Co. Ltd. ($44.7 StopLoss 11apr16) WFT 40 41.6
Buy-ins *100 shares 30apr16
Agrium Inc. 135.39 AGU 109 125.9
Brookfield Asset Mngmnt Inc. ($44.1 StopLoss 08jun16) BAM.A 37 40.0
Bank of Nova Scotia (The) ($62.0 StopLoss 05maY16) BNS 54 69.0
Cogeco Cable ($65.2 StopLoss 07jul16) CCA.TO 62 62.0
Canadian Utilities Ltd. ($37.6 StopLoss 31aug15) CU 32 33.2
Emera Inc. ($46.5 StopLoss 13sep15) EMA.TO 38 42.4
Domtar Corporation ($65.2 StopLoss 24jun16) UFS 44 49.5
West Fraser Timber Co. Ltd. ($38.1 StopLoss 24jun16) WFT 40 41.6
Buy-ins *100 shares 31may16
Barrick Gold Corp. ($23.1 StopLoss 31aug15) ABX.TO 8 15.5
Chorus Aviation Inc. CHR-B.TO 5 0.0
Davis + Henderson Corp. ($25.2 StopLoss 26oct15) DH.TO 31 13.8
Buy-ins *100 shares 31jul16
Barrick Gold Corp. ($23.1 StopLoss 31aug15) ABX 8 15.5
Cogeco Cable 64.55 CCA.TO 62 62.0
Canadian Natural Resources Limited 45.33 CNQ.TO 28 40.8
Canadian Utilities Ltd. ($37.6 StopLoss 31aug15) CU 32 33.2
Dollarama Inc. 99.91 DOL.TO 76 88.9
Fortis Inc. ($41.9 StopLoss 10nov16) 41.90 FTS 36 37.6
Toromont Industries Ltd. 44.04 TIH 29 40.1
TransCanada Corporation 60.33 TRP 43 55.5
WestJet Airlines Ltd. 21.06 WJA 16 17.1
Buy-ins *100 shares 31aug16
Barrick Gold Corporation 20.15 ABX 8 15.5
Barrick Gold Corporation 20.15 ABX 8 15.5
Canadian Apt Properties REIT ($30.3 StopLoss 08sep16) CAR.UN 26 28.6
Canadian Utilities Ltd. ($35.6 StopLoss 11nov16) 35.60 CU 32 33.2
Canadian Utilities Ltd. ($35.6 StopLoss 11nov16) 35.60 CU 32 33.2
Buy-ins *100 shares 30sep16
Canadian Natural Resources Limited 45.33 CNQ.TO 28 40.8
FirstService Corporation 58.33 FSV.TO 50 50.2
Gildan Activewear Inc. 36.52 GIL 36 34.3
Westshore Terminals Investment Corporation 27.69 WTE 12 22.7
Buy-ins *100 shares 31oct16
Altius Minerals Corporation 12.68 ALS 10 11.2
Celestica Inc. 16.30 CLS 13 15.3
“
Page 4 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
ABCs -TSX 2011 Portfolio Value 30 November
2016 (including dividends) / 31 December 2011 94854.20 / 41972.00 Gain 58.0
months 125.99%
IRR pa 18.04%
The `Brexit` panic of fund managers was unusual causing their “Ì don`t know nothin’ ‘bout birth and
babies” wild assed dump reaction triggering stoploss markers. Our fundamentals of firms is
something meaningful and entirely new. Our fundamentals of firm’s worth allows us to know more
and discount market gossip as much it influences fiscal illusions driving fears and greed behaviours.
Cumulatively our ‘likeables’ are the difference, they give us an average of 26% IRR by our using
‘collaring options’ a result stoploss markers alone cannot provide. Even with stoploss markers to
ensure capital safety for the small investor the robust result shown here is 7 times better than hedge
funds, and 16 times better than financial industry ‘products’ from those charming ‘Artful Dodgers’
the Certified Financial Advisors, in suits and cars, you paid for. Do not give them your wallet.
Cash Forward * after 100 Shares 31oct16 Buy-ins 66.00
Net Cash * after 100 shares stoploss sales 11310.00
Current Cash 11376.00
Buy-ins *100 shares 30nov16
SF (Risk Price)
Stop/Loss
Canadian Utilities Ltd. 35.37 CU 38 35.6
Fortis Inc. 40.04 FTS 42 41.9
Manitoba Telecom Services Inc. 37.28 MBT 23 33.2
Cash Forward * after 100 Shares 31oct16 Buy-ins 107.00
Cash Dividends earned 6869.22
Total Cash Available
6976.22
That is a lot of idle cash in your cache. You might consider
adding to your portfolio with some more from our alphabet
demonstration.
We defy all the conventional rules, because we can.
Because, we know those investment industry ‘industrial
strength’ delusions are useless conventions that are even
dangerous to your wealth.
Manitoba Telecom Services Inc. 37.28 MBT 23 33.2
Northland Power Inc. 21.72 NPI 15 19.3
Oh, and yes, these two have made 11.79% gain in the past 8
months. Add that to the O,P,Q found below.
ABCs -TSX 2011 Portfolio Value 30 November 94854.20 / 41972.00 Gain 58.0 125.99%
“
Page 5 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
2016 (including dividends) / 31 December 2011 months
IRR pa 18.04% (Posted 31mar16 pending Need for Change or investing
new Savings)
Open Text Corporation 85.59 OTC.TO 51 77.0
Pembina Pipeline Corporation 39.47 PPL.TO 30 36.7
Quebecor Inc. 36.41 QBR-B.TO 29 33.5
This little bunch combined MNOPQ have gained 17.63% in
8 months, bravo!! Just enthusiasm, or 26.45% p.a. if the
market does not tire of them and their dividends.
Any questions why we like our ‘likeables’?
ABC-Z 2013 TSX Portfolio * after 100 Shares Buy-
ins 22 December 2013 44403.00
44403.00
See old posts for Buy-ins 01 December 2013 *100 shares each
Buy-ins *per 100 shares 29feb16
Algonquin Power & Util’s Corp. ($10.9 StopLoss 10nov16) 10.90 AQN 9 10.2
Canadian Aptment Prop’s REIT ($30.3 StopLoss 11aug16) CAR.UN 26 28.6
Cogeco Cable ($65.6 StopLoss 14apr16) CCA.TO 62 62.0
Choice Properties REIT ($12.2 StopLoss 10mar16) CHP.UN 10 12.1
Celestica Inc. ($12.7 StopLoss 24jun16) CLS 13 15.3
CGI Group ($56.2 StopLoss 24jun16) GIB.A 48 59.3
Granite REIT ($36.5 StopLoss 08mar16) GRT.UN 35 41.9
Intertape Polymer Group Incorporated 24.68 ITP 14 22.0
Manitoba Telecom Srvcs Inc. ($31.9 StopLoss 15mar16) MBT 23 32.9
Power Corp. of Canada ($28.7 StopLoss 16may16) POW 28 28.5
Thomson Reuters Corp. ($53.2 StopLoss 13jun16) TRI 50 54.6
Buy-ins *per 100 shares 31mar16
Agnico-Eagle Mines Ltd. ($58.6 StopLoss 11nov16) 58.60 AEM 32 45.1
CAE Inc. ($14.5 StopLoss 08apr16) CAE:TO 14 18.2
Westshore Terminals Investment Corporation 27.69 WTE 12 22.7
Buy-ins *per 100 shares 30apr16
Cogeco Cable ($65.2 StopLoss 07jul16) CCA.TO 62 62.0
Emera Inc. 45.11 EMA.TO 38 42.4
Great Canadian Gaming Corp 23.87 GC 14 21.7
Buy-ins *per 100 shares 30may16
Air Canada 13.50 AC.TO 8 11.9
Cott Corporation ($17.4 StopLoss 27jun16) BCB.TO 13 12.1
Buy-ins *per 100 shares 31jul16
Bank of Nova Scotia (The) 74.14 BNS 54 69.0
CAE Inc. 19.81 CAE:TO 14 18.2
Cogeco Cable 64.55 CCA.TO 62 62.0
Choice Properties REIT ($13.5 $topLoss 05oct16) CHP.UN 10 12.1
Fortis Inc. ($40.9 $topLoss 09sep16) FTS 36 37.6
Vermilion Energy Inc. 54.49 VET.TO 34 49.0
Buy-ins *per 100 shares 31aug16
“
Page 6 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
Canadian Apt Properties REIT ($30.3 StopLoss 08sep16) CAR.UN 26 28.6
Buy-ins *per 100 shares 30sep16
Domtar Corporation 52.71 UFS 44 49.5
Westshore Terminals Investment Corporation 27.69 WTE 12 22.7
Buy-ins *per 100 shares 31oct16
Choice Properties REIT 13.00 CHP.UN 10 12.1
AB-Z 2013 TSX Portfolio 30 November 2016
(including dividends) / 22 December 2013
53670.60
/ 44403.00
Gain 35.0
months 18.88%
IRR pa 6.11%
This result may still seem small beer to many, to us in particular. Consider, though the past 26 months
the TSX is still down -2.58% from 01sep2014. This portfolio using stoploss passive regime has
proven stunningly better result for the small investor, passively better than any ETFs, GICs, 401Ks,
RRSPs, hedge funds10, bond or financial product industry offers you buy. Capital safety provided
by stoploss markers is by design. The portfolio always remains liquid for you the small investor
needing access to use their own wealth to help themselves or dear ones when genuine need arises.
We know our pursuing framing options to collar exit or holds guided by robust Risk Price is more
lucrative. But passive stoploss is manageable for the small investor. They can keep their attention on
saving from earnings made in their usual way they know best. Risk Price determined ‘likeables’
make your savings grow into wealth or added income when it is needed, always liquid to help you.
The 2013 portfolio slowly increases its rate of return, with 5.39% gain in the month. It is nicely on
stride holding its ‘likeables’ double digit gains per annum ratio our method tends to. Its 59 month run
is proof in the longer term, ‘likeables’ work.
Cash Forward * after 100 Shares 30nov16 Buy-ins 79.00
Net Cash * after 100 shares stoploss 6950.00
Current Cash 7029.00
Buy-ins *per 100 shares 30nov16
Agnico-Eagle Mines Ltd. 55.66 AEM 32 45.1
Chartwell Seniors Housing Real Estate Investment Trust 14.54 CSH.UN 11 13.4
Cash Forward * after 100 Shares 30nov16 Buy-ins 9.00
Cash Dividends earned 1699.36
Total Cash Available
1708.36
AB-Z 2013 TSX Portfolio 30 November 2016
(including dividends) / 22 December 2013
53670.60
/ 44403.00
Gain 35.0
months 18.88%
IRR pa 6.11%
Engage in “likeables” to save your own bacon.
“
Page 7 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
Do not expect perfect of Risk Price. High tendency for gain is not the same as pin-the-point on the
mule as most claim. Motley brayers talk only of their survivor bias winners. Let others chase gamblers’
risk/reward model that does not work. Their ‘house’ always win, fees you donated them. Risk Price
works. Even when the last 2 years have been volatile and negative, you held for gain in your cache.
Proven behaviour of market investors to ‘likeables’ is that they like them. This is why 2 of 3 tend to
long term gains in stock price once they trade above the Risk Price. Our ‘likeables’ are better behaved.
It is best you have eight or more ‘likeables’ in your portfolio at any time to enjoy their ‘behavioural’
tendency, as these larger portfolios show when compared to the smaller portfolios we charitably aim to
help small investors. Small portfolios can be erratic outliers, larger distribution tends to ‘behave’ better.
In our demonstrations we show what we can do, simply with just passive stoploss. We prove, in these
open tests our work and theory it is based in. Accredited investors need our help with the StockTakers
12% Bond11, because we can. We can share our Risk Price driven proprietary data, to help small
investors, to show we can obtain our AlphaSmartTM gains. Pay-forward our charity by designating a
normal ‘2 & 20’ fee portion to social charity. Good works deserve12 your help.
Portfolios Update List – 30 November 2016
ABCs for NYSE Firms 31 December 2011 Market
Price
Symbol SF (Risk Price)
Stop/Loss
(See prior posts for early trading history)
Buy-ins *100 shares 29feb16
AmerisourceBergen Corp. ($76.6 StopLoss 06may16) ABC:US 63 67.9
Automatic Data Processing Inc. 96.02 ADP:US 77 91.2
American Tower Corp. ($108.4 StopLoss 13sep16) AMT 89 95.1
Brown-Forman CL B ($93.5 StopLoss 22apr16) BF.B:US 85 29.1
Bemis Co Inc. ($47.3 StopLoss 19may16) BMS:US 40 46.6
BristolMyers Squibb Co. ($69.4 N* StopLoss 05aug16) BMY:US 63 50.2
Cavium Inc. ($54.5 StopLoss 19apr16) CAVM:US 40 47.9
CME Group Inc. ($92.0 StopLoss 07apr16) CME:US 59 106.1
Citrix Systems Inc. ($78.6 StopLoss 27jun16) CTXS:US 67 79.8
Quest Diagnostics Inc.( $80.1 StopLoss 26oct16) DGX 63 81.3
Ecolab Inc. ($113.0 StopLoss 11oct16) ECL:US 103 112.1
United Continental Holdings ($54.4 StopLoss 07apr16) UAL 42 62.1
WPP plc ($112.4 StopLoss 10jun16) WPPGY:US 68 100.9
Xcel Energy Inc. ($39.7 StopLoss 21apr16) XEL:US 30 35.9
Zimmer Biomet Holdings Inc. ($96.8 StopLoss 03feb16) ZBH:US 71 100.8
Buy-ins *100 shares 31mar16
WABCO Holdings Inc. ($100.9 StopLoss 19may16) WBC 67 88.7
Zoetis Incorporated 50.38 ZTS 35 47.9
Buy-ins *100 shares 30apr16
American Electric Power Co. ($64.9 StopLoss 26aug16) AEP 53 54.3
AFLAC Inc 71.38 AFL:US 58 67.1
Cavium Inc. ($42.7 StopLoss 16jun16) CAVM:US 40 47.9
CME Group Inc. ($93.8 StopLoss 16jun16) CME:US 59 106.1
“
Page 8 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
United Continental Holdings 68.95 UAL 42 62.1
Verisk Analytics Inc. ($76.1 StopLoss 28jun16) VRSK 70 78.1
Buy-ins *100 shares 31may16
Caterpillar Inc 95.56 CAT 61 87.0
Dollar Tree Inc. ($88.4 StopLoss 25aug16) DLTR 65 80.2
Equity Residential ($65.2 StopLoss 03jun16) EQR 61 54.6
Buy-ins *100 shares 31jul16
Bemis Co Inc. ($47.8 StopLoss 27oct16) BMS:US 40 46.6
Celgene Corp. ($102.0 StopLoss 11oct16) CELG:US 102 110.2
Dollar General Corp. ($87.0 StopLoss 25aug16) DG:US 57 69.6
Vantive Incorporated 56.43 VNTV 30 50.2
WPP plc ($106.0 StopLoss 24oct16) WPPGY:US 68 100.9
Xcel Energy Inc. ($41.2 StopLoss 30aug16) XEL:US 30 35.9
Buy-ins *100 shares 31aug16
American Electric Power Co. ($60.3 StopLoss 10nov16) 59.05 AEP 53 54.3
Dollar General Corporation 77.32 DG:US 57 69.6
Dollar Tree Inc. 88.16 DLTR 65 80.2
Under Armour Inc. (N*$34.8 StopLoss 25oct16) UA:US 38 25.9
*Yum! Brands Inc. (01nov16 1391/1000 Stock Split) 63.39 YUM 70 56.4
Buy-ins *100 shares 30sep16 (added ’39.1’ YUM stock) 24.79 YUM+
CME Group Inc. CME:US 59 106.1
Buy-ins *100 shares 31oct16
American Int’l Group Inc. ($58.6 StopLoss 03nov16) 58.60 AIG:US 52 60.2
Convergys Corp. ($26.9 StopLoss 09nov16) 26.90 CVG:US 20 23.0
Deere & Co 100.2 DE 80 94.2
UnitedHealth Group Inc 158.32 UNH 115 144.1
Varian Medical Systems Inc 89.83 VAR:US 81 83.5
Waters Corp 134.57 WAT:US 98 123.8
XPO Logistics Incorporated 44.53 XPO 22 37.9
ABCs for NYSE 2011 Portfolio Value
30 November 2016 (including dividends) / 31 December 2011 143667.70 / 77436.00 Gain 59.0
months 85.53%
IRR pa 13.39%
Once again the cattle returned to lowing, contented mooing had returned to the stockyard. Though
a few burped at the ‘nasty’ electoral Trump-derheads spooked the beeves bidders and froth
whipped their waves. The tally-stick throbbing the herd moved-on. Fund managers panic rumoured
‘sky falling’ on the markets decry the real economy inching forward, reclaiming value lost under
management herd trample, spooked by politicians vying for an income. There was sharp rebound
since, as fundamentals of the real economy remain positive, as the economy worries down the
excesses of others’ moral hazards. There shall be tax cuts for the rich; military and infrastructure
will have more revenue to explode the national debt; and, medicines and healthcare shall be
costing more all treacling down. Build no wall to keep corporate profits offshore revenues.
There was no moral compass, respect and civility in debates13 discussing facts and consequences
“
Page 9 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
of choices. Back interns, underpaid job proles and troglodytes, before you get fired to join Sullen
Green stockyards. The voting is over, now just endure the suffering. The national purse is spent to
partisan preferences now heedless of debt spent. It is not their money that we pay. Millenials will
have to paydown that burden too. Turbulence will be high for these four years as the nation wakes
to the moral hazard they picked-up in these rigged reality games of politicking, talking past,
instead of debate. Us in the real economy must work harder, on future debt heaped at higher bank
tithe14 rates dampening real progress by added cost friction, their new bank pox is on us all.
Best engage for the long term. Buy back those ‘likeables’ that have not already rebounded too far
and are still above our SF. It works. Consumer spending has rebounded and business is recharging
inventory, as the economy grows 1.2%, inch by inch. ‘Niagara Falls’ the market callers went
‘loopy’ again. We loosened the stops, because the real economy is mooing and munching in
growth. The non-debates of rude slanging were no help. Adding infrastructure to Millennials
national debt, interest rates will rise to quell inflation weakly setting the stage for the bubble forced
into the economy by financials mismanagement at the C-suites, we all ride atop new bank tithe15.
Having suffered through 24 months of volatile and negative markets ‘likeables’ demonstrated
performance is eleven times better than hedge funds over the interval. The gain of this sample
portfolio taken from our ‘likeables’ partitioning of the markets was achieved with simple passive
stoploss as is suited for small investors’ needs, while remaining liquid for accessing your own
wealth for your emergencies or helping those dear to you. Passive gain is very nice, with
‘likeables’ working for you, managing the growth of your own wealth, kept in your own control.
Using framing options to collar exit or holds guided by the Risk Price is more lucrative than
stoploss controls, but that takes ardent even anxious attention to market gamblers bet making and
taking. We take them when ‘likeables’ show us the way. We have a lever with Risk Price, and its
‘likeables’ we know something more about an equity than anyone else outside the company,
because we read balance sheets differently, with new fundamentals cipher measuring worth and
debt capacity. Old fundamentals conventions measure price, not worth, which is never reliable
foundation for managing growth of your wealth. The market ‘stockyards’ are full of auctioneers
who know nothing about worth, they are just ‘making markets’ by ‘calling’ bidders.
Cash Forward (* after 100 Shares 31oct16 Buy-ins) 337.00
Net Cash * after 100 shares stoploss 14580.00
Current Cash 14917.00
Buy-ins *100 shares 30nov16
SF (Risk Price)
Stop/Loss
American Electric Power Company 59.05 AEP 53 54.3
Airbus Group NV ORD 63.92 EADSF:US 58 59.4
Convergys Corp 25.87 CVG:US 20 23.0
Cash Forward (* after 100 Shares 30apr16 Buy-ins) 33.00
“
Page 10 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
Cash Dividends earned 6526.62
Total Cash Available
6559.62
ABCs for NYSE 2011 Portfolio Value
30 November 2016 (including dividends) / 31 December 2011 143667.70 / 77436.00 Gain 59.0
months 85.53%
IRR pa 13.39%
(Pending Need for Change or investing new Savings)
Northrop Grumman Corp 249.65 NOC:US 120 224.7
Roper Industries Incorporated 181.11 ROP:US 141 170.2
JM Smucker Company 125.95 SJM:US 95 114.6
This little ‘likeables’ sampler has gained 9.98% in the last 8
months, but, 12.23% in the year, with dividends. That is very
likeably nice!!!
AB-Z 2013 NYSE Portfolio 22 December 2013 131242.00
(See prior posts for early trading history)
Buy-ins *100 shares 29feb16
Analog Devices Inc. ($54.1 StopLoss 27jun16) ADI:US 50 60.3
Allegion PLC ($67.8 StopLoss 09sep16) ALLE:US 50 59.4
Amgen Inc. ($147.4 StopLoss 27jun16) AMGN 142 134.1
Broadcom (Avago Tech) Ltd. 175.45 AVGO 116 153.3
Boeing Company 150.56 BA 113 133.9
Becton Dickinson & Co 169.10 BDX:US 95 156.2
Ball Corp. ($68.7 StopLoss 27jun16) BLL:US 53 72.4
Coca-Cola Enterprises Inc. ($49.9 StopLoss 31may16) CCE:US 46 34.2
CH Robinson Worldwide Inc. ($71.1 StopLoss 27apr16) CHRW 64 65.4
Dollar General Corporation ($79.9 StopLoss 29apr16) DG:US 57 62.2
DineEquity Incorporated ($87.2 StopLoss 28apr16) DIN:US 83 72.8
Electronic Arts Inc. ($71.6 StopLoss 27jun16) EA 60 70.7
Ecolab Inc. ($116.9 StopLoss 11oct16) ECL:US 103 109.6
WPP plc ($112.4 StopLoss 10jun16) WPPGY:US 68 103.0
XL Group ($33.7 StopLoss 28apr16) XL:US 30 32.3
Zoetis Incorporated ($49.4 StopLoss 26oct16) ZTS 35 45.4
Buy-ins *100 shares 30apr16
Check Point Soft. Tech. Ltd. ($80.0 StopLoss 24jun16) CHKP:US 77 82.0
CH Robinson Worldwide Inc. ($67.6 StopLoss 26oct16) CHRW 64 65.4
DineEquity Incorporated 83.58 DIN:US 83 72.8
XL Group ($31.2 StopLoss 24jun16) XL:US 30 32.3
Buy-ins *100 shares 31may16
Coca-Cola Enterprises Inc. ($36.9 StopLoss 24jun16) CCE:US 46 34.2
VF Corporation ($56.8 StopLoss 09sep16) VFC 46 49.3
Buy-ins *100 shares 31jul16
Cincinnati Financial Corp 76.74 CINF 42 63.7
Dunkin Brands Group Inc. ($47.9 StopLoss 20oct16) DNKN 42 44.5
“
Page 11 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
Emerson Electric Co. ($52.3 StopLoss 19aug16) EMR 50 47.1
EQT Corporation ($63.9 StopLoss 24oct16) EQT 60 56.8
Under Armour Inc. (N*$34.8 StopLoss 25oct16) UA:US 38 27.1
United Technologies Corp. ($101.8 StopLoss 14sep16) UTX 88 95.0
Varian Medical Systems Inc. ($93.6 StopLoss 26oct16) VAR:US 81 84.4
WPP plc. ($113.0 StopLoss 24oct16) WPPGY:US 68 103.0
Buy-ins *100 shares 31aug16
Bemis Co Inc. ($47.9 StopLoss 27oct16) BMS:US 40 45.3
Buy-ins *100 shares 30sep16
Dollar General Corporation 77.32 DG:US 57 62.2
United Technologies Corporation 107.72 UTX 88 95.0
VF Corp. ($52.7 StopLoss 25oct16) VFC 46 49.3
Buy-ins *100 shares 31oct16
Activision Blizzard Inc. ($37.1 StopLoss 22nov16) 37.10 ATVI 30 37.1
Concho Resources Incorporated 143.02 CXO 100 116.8
Dassault Systemes SA ADR 76.05 DASTY 56 72.0
Devon Energy Corporation 48.33 DVN 22 27.7
Ecolab Inc 116.73 ECL:US 103 109.6
Union Pacific Corporation 101.33 UNP 80 76.7
WPP plc 106.24 WPPGY:US 68 103.0
*Yum! Brands Inc. (01nov16 1391/1000 Stock Split) 63.39 YUM 50 56.4
Buy-ins *100 shares 30sep16 (added ’39.1’ YUM stock) 24.79 YUM+
AB-Z 2013 NYSE Portfolio 30 November 2016
(including dividends) / 22 December 2013
162316.70
/ 131242.00
Gain 35.0
months 23.68%
IRR pa 7.56%
This month the mooing of the contented herd returned the anxiety due ‘Electoral’ storm clouds,
with ’nasty’ lost value. There were no thunderheads, no policy, just annoying yackers seeking their
incomes, not yours. Like Wall Street, making noise to gain their incomes, “no panic, no trades, no
fees.” Neither know what they are doing, not politicians, not Wall Street, they just read a
meaningless script of ‘Wild-Ass-Guessers’ to the looped 24 hour news cycle in zero-sum games. It
is scary what their handlers want done by them to rig the dice they give you to throw.
This current IRR result is still far less than our expected long term tendency when using collaring
options. However, it is growing, faster than hedge funds. That is cause for celebratory hats and
horns for the small investor. This portfolio has gone through 24 months of volatile and negative
market behaviour, nearly two thirds of its interval and now rebuilds. This portfolio has
demonstrated resilience even using less effective stoploss regime suiting the small investor. We
know the pursuit of framing options to collar exit or holds guided by the Risk Price is more
lucrative. But, holding our cards, 23.68% gain, is nicely ‘likeables’-easy done!
Over these two plus years this portfolio has more than septupled the troubling overwhelmingly
negative performance of hedge funds who need Confessional for, “they know not what they are
“
Page 12 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
doing”. This ‘likeables’ portfolio using passive stoploss regime has proven stunningly better result
for the small investor, passively better than any ETFs, GICs, 401Ks, RRSPs, hedge funds16,
bond or product the financial industry offers and always is liquid for the small investor
needing access to use their own wealth to help themselves or dear ones when need arises.
By staying in the market and riding through the trough like a surfer, this portfolio has proven
stunningly better result for the small investor than any financial industry product based in
conventional aphorisms, which as we know are useless and dangerous to your wealth, even your
health, becoming prone to nervous anxieties. Do not give those ‘Artful Dodgers’ your wallet.
Cash Forward (* after 100 Shares 31oct16 Buy-ins) 518.00
Net Cash * after 100 shares stoploss 3710.00
Current Cash 4228.00
Buy-ins *100 shares 31oct16
SF (Risk Price)
Stop/Loss
Activision Blizzard Inc. 36.61 ATVI 30 37.1
Cash Forward (* after 100 Shares 30nov14 Buy-ins) 567.00
Cash Dividends earned 6067.34
Total Cash Available
That is ‘idle’ cash in your cache, for which you
might have added a 100 block of AKAM.to
your cache, at 31jul16.
6634.34
Akamai Technologies Inc.
And, if you did do so at $50.53, you gained
32.00% in 4 months for your cache, very, very
‘likeables’ easy done!
30nov16 66.70
÷ 31jul16 50.53
AKAM:US 48 58.7
AB-Z 2013 NYSE Portfolio 30 November 2016
(including dividends) / 22 December 2013
162316.70
/ 131242.00
Gain 35.0
months 23.68%
IRR pa 7.56%
Engage in “likeables” save your own bacon.
The conventional investment industry cannot prove any of their assumptions underlying their methods,
whose results are 1.03:1, like17 a coin toss. Avoid those Artful Dodgers playing dice with your wallet.
Investors need a real compass18. Risk Price shows their way19. Our TaxCharityTM gives proof. In the
spirit and tradition of real science of Bacon and Newton we feign nothing; our demonstrations are in
real time with real consequences obtaining real benefit to investors’ wallets, because we can.
In our Modal Geometry theory of the firm we make only two assumptions, clearly as follows:
“
Page 13 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
1. there is a balance sheet of the firm (that the rule of law governs its information is possibly
weak assumption but at an accuracy to at least the modest degree accountants are prepared to be
responsible for); and,
2. the firm will vigorously negotiate, “what it owns” (in order to stay in business “what is owed
to it” with “what it owes” and vice versa, to make the best of what it has, that is in its trading
connections).
The Modal Geometry theory of the firm has unfolded more by rigorous observation in the real world of
corporate ledgers relation to balance sheets. That is aided with logic, epistemology, and some powerful
mathematics that is real science, not conventional assumptions with little relevance but gossip.
Our reasons for having any equity in our portfolios are clear, concise and consistent. ‘likeables’ are
equities shown valued by investors, tending to continuing gain, which investors have demonstrated a
determination to buy and hold at stock prices above the price of risk. That tendency demonstrates 2 of 3
‘likeables’ gaining for the long term, as we continue to show, in more than theory, in real markets.
Proof is positive, in our TaxCharityTM and BookBuilderTM suite of portfolios extending our
proprietary information to small investors use. The ABC-Zs suit larger wallets. But all our portfolios
scale up, as many of our sneakier viewers know. Amorality is not what Adam Smith proposed as basis
for economic society, society did not need ‘professionals’ cons for that. Because we can, while the
entire financial industry is so busy blowing bubbles20 with cash from your wallet.
Know What You Have. Have What You Know.
Our risk averse view works. The proof of our method is clear and forthrightly shown. Of course we
require 2&20 fees for doing that, or utilize our StockTakers 12% Bond. Mail us for your wealthy
helping of what we can do for you. Because we can. You have proof
Hans Goetze,
Architypes Inc. [email protected] and StockTakers Limited Head Office 76
351 Chemin Boulanger Sutton, PQ J0E 2K0 450 538-1270 647 608-2176
1 http://riskwerk.com/2014/02/05/pi-demand-and-supply/ 2 E. Goetze, The Modal Geometry of the Firm and Worth of the Trading Connections, 2006 3 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/ 4 http://www.rainmedia.net/portfolio/the-retirement-gamble/ 5 https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi 6 http://riskwerk.com/2013/09/15/earnings-dont-matter-2/
“
Page 14 of 14
November 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
ABCs to Zs Defense of Capital, Tax CharityTM–30 November 2016
7 http://www.slideshare.net/HansGoetze/stocktakers-12-bond 8 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios 9 http://www.slideshare.net/HansGoetze/four-horses-of-portfolio-apocollapse and http://www.slideshare.net/HansGoetze/fearful-fund-
fantasies 10 Like Bill 1, http://www.cnbc.com/2016/03/30/bill-gross-central-banks-running-out-of-time-to-reflate-economies.html ; and, Bill 2,
http://www.bloomberg.com/news/articles/2016-04-01/pershing-square-holdings-falls-25-6-in-first-quarter-on-valeant , they should not bet
client money on pigs gone to market. Or, hedge fund WAGs https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi 11 http://www.slideshare.net/HansGoetze/stocktakers-12-bond 12 http://www.slideshare.net/HansGoetze/the-corporate-social-on-our-best 13 Stephen L. Carter, Civility, the Etiquette of Democracy, 1998, NYC, “Civility assumes we will disagree; it requires us not to mask our
differences but to resolve them respectfully.” p 132, chap 16 p 286, ‘don’t listen, bite your opponents ear to win’ “Some democracy.” Gerry Mander rode high but did not win swing states Michigan, Ohio, Pennsylvania and Wisconsin. Vulgarity and rude innuendoes in
bounded discourse won. The nasty recidivist crook transferred crooked and nasty. Policy did not vote, it had no vote, in its absence. 14 http://www.slideshare.net/HansGoetze/new-bank-tithe , having bailed the banks from risk riven folly they created banks have ignored
the explicit ‘quid quid pro’ of providing them TARP relief shrunk liquidity; absorbed market intervention of ‘Quantitative Eating’; and,
doubled their margins usurping all the controls of the reserve banks system to bank CEO wallets by exhausting these measures as with
eventual interest rates rise ’to cool a heated economy’ they have built-in value-less bank 3% tithe as price inflation on the cost of debt
service for capitalizing growth or consumer demand sales contracts. Usurping all central banks tools of regulating money markets to
modulate economies, commercial banks current average rate is 6.25% firmly putting pressure troubling business of the real economy, as
“the average rate has been 5.18% since the start of this country’s history. Any time we break above it, we get into trouble,” says Louise
Yamada. http://www.money-rates.com/prime-rate-history.htm “Historically, the prime rate is set 300 points above the federal funds rate.” 15 Banks are skimming 3% value-less tax displacing the income to public coffers investment nudging economic growth. This is historic
novelty, unprecedented self-serving interference suppressing aggregate demand by industry and consumer sectors, .see, Rajan 2009
“banking organization has remained virtually unchanged over a thousand years, suggesting some rationale” (p325), We can reliably say at
least two thousand years as Trajan established 3% for his bankers margin on handling orphan endowment investments, and Tiberius
complained he could not get 4% on loans from his treasury. Monetary controls are known weak tools but only tools we have. See also, US
7th Court of Appeals Justice, Richard A. Posner, A Failure of Capitalism. March 2009, p 201-8 limitation of monetary intervention;
failure of laissez-faire economics, p258-268; or J. K Galbraith, The Good Society, p 43-53; J. Sachs, The Price of Civilization, p 27-46 16 Like Bill 1, http://www.cnbc.com/2016/03/30/bill-gross-central-banks-running-out-of-time-to-reflate-economies.html ; and, Bill 2,
http://www.bloomberg.com/news/articles/2016-04-01/pershing-square-holdings-falls-25-6-in-first-quarter-on-valeant , they should not bet
client money on pigs gone to market. Or, hedge fund WAG https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi 17 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios on North American markets the combined average result of
‘managers’ investment models is 1.03:1, statistically no better than monkeys tossing coins or dice. We compare to Risk Price driven
‘likeables’ portfolio showing 2.28:1 of these ‘likables’ equities gain for long periods, the rest is just good ‘gardening’ of options. 18 http://www.slideshare.net/HansGoetze/orienteering-among-magpies 19 http://riskwerk.com/2012/08/26/the-price-of-risk/ 20 http://riskwerk.com/2013/10/14/asset-bubbles-day-october-14-2013/