The Globe and Mail reports in its Thursday edition the current market volatility makes Warren Buffett's emphasis on steady, dependable growth and attractive valuations levels an approach likely to benefit investors. The Globe's Scott Barlow writes Mr. Buffett loves reliability above all things. The Berkshire Hathaway portfolio is dominated not by the fastest-growing companies, but those capable of generating annual growth through any market or economic environment. With this in mind, Mr. Barlow's stock screen begins by ranking all non-financial TSX 60 constituents according to consistency of growth. Crescent Point Energy scored fifth in terms of cash-flow stability and first in terms of discount -- but the current price-to-earnings level of 82 times is prohibitive. In the financials section, TD Bank ranked first in terms of stable growth, followed by Bank of Nova Scotia, Bank of Montreal, National Bank and Power Corp. of Canada. Among the financial stocks, which show their current discount or premium to historic price-to-earnings ratios, Power Corp. is the clear standout. The company's current trailing price earnings ratio of 9.2 times represents a 31-per-cent discount to the 10-year average of 13.3 times earnings.
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