The Globe and Mail attempts to identify cheap stocks with
long-term potential following the market pullback in its Thursday edition. The Globe's John Heinzl writes in the Number Cruncher column that he employed the services of Validea Canada's
"Patient Investor" screen, which
emulates Warren Buffett's investing style. The
screen is based on Mary Buffett's Buffettology.
The screen "is the only one of
our strategies that is not taken
directly from the writings of the
guru himself," Validea
says. Mr. Heinzl says the screen has produced
impressive results. The
Patient Investor model portfolio
has posted a return of 89 per
cent from inception on Aug. 6,
2010, through Oct. 21, 2014.
That is the highest return of any
of its model portfolios and is
more than triple the return of
the S&P/TSX composite index
over the same period. Returns
are based on price changes
alone and do not include dividends.
The 10 stocks that would be
included in the portfolio if a
rebalancing happened on Oct.
22 are Metro, Equitable Group, MTY Food Group, Alimentation Couche-Tard, Royal Bank of Canada, Computer Modelling Group, Stella-Jones, Badger Daylighting, National Bank of Canada and Ritchie Bros. Auctioneers.
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