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Bargain Bin Blue Chips Update: January 26, 2013

223 views  2013-01-26 19:03   Tagsblue  chip  bargain  bin  below  book  value 

Blue Chip Stock = minimum market cap 1B + minimum 10/10 continuous years of dividend payments.
Market Price = book value + premium for future growth +/- the nonsense of Mr. Market.

Stocks have been going up lately.  A very few have continued their downward descent, however slowly (e.g. PGH).  Even Sony Corp. has gone up and out of my bargain bin list.  Sony's P/B passed the halfway mark this week, ending their under-half-of-book value status since something like the middle of last year.

The only blue chip bargain bin'ner I have left in my list at this juncture is Nippon T & T.  The stock is a dog though, having gone up ~44% since 2002.  The dividend yield is not bad at 4.45%.  Typically for a telecom as well, the company has seen fit to mandate regular dividend increases during the past decade.

BTW, according to Yahoo!, the P/B for NTT is listed as 0.49  while over at Google the stock's price-to-book value ratio is listed as 0.59.  Why the divergence?  I wish someone would explain this to me.  If I don't hear from anyone on it, I'll have to ask them myself.  Thanks in advance if anyone knows and cares to comment on this.

Meanwhile, my list of cheap blue chips...

Bargain Bin Blue Chips (stocks at or below half price/book value)
Company Symbol Country Industry P/B P/E 5-Yr Low/High Price
Nippon T & T NTT Japan Telecom 0.49 8.73 18.05 → 27.17 20.79








Near-bargain-bin Blue Chips: Americas
Company Symbol Country Industry P/B P/E 5-Yr Low/High Price
Partner Re PRE Bermuda Financials 0.75 5.89 48.50 → 83.05 83.49
Pengrowth Energy PGH Canada Oil & Gas 0.56 N/A 4.63 → 20.86 4.63
Petrobras PBR Brazil Oil & Gas 0.76 14.23 17.40 → 72.38 19.81








Near-bargain-bin Blue Chips: Asia
Company Symbol Country Industry P/B P/E 5-Yr Low/High Price
Guangshen Railway GSH China Industrials 0.75 14.43 14.34 → 43.63 21.64
Henderson Land HLDCY Hong Kong Financials 0.72 8.61 3.04 → 9.55 7.54
Mitsubishi Corp MSBHY Japan Industrials 0.78 6.94 21.70 → 71.85 42.52
Mitsuishi UFJ MTU Japan Financials 0.58 N/A 4.05 → 11.62 5.31
Sony Corp SNE Japan Technology 0.57 N/A 9.63 → 55.30 14.41
Wacoal Holdings WACLY Japan Consumer Goods 0.68 15.40 41.99 → 76.21 51.66
Singapore Land SINPY Singapore Financials 0.63 44.36 2.00 → 7.05 5.90
Posco PKX S. Korea Utilities 0.73 9.58 42.89 → 189.18 84.76








Near-bargain-bin Blue Chips: Europe
Company Symbol Country Industry P/B P/E 5-Yr Low/High Price
Delhaize Group DEG France Consumer Services 0.68 9.91 32.20 → 101.19 47.08
AXA Group AXAHY France Financials 0.66 12.65 7.87 → 45.55 18.20
BNP Paribas BNPQY France Financials 0.69 8.66 13.54 → 61.45 31.48
Societe Generale SCGLY France Financials 0.52 23.54 3.89 → 38.80 9.06
Veolia Environnment VE France Utilities 0.70 N/A 10.32 → 96.48 12.72
Deutsche Bank DB Germany Financials 0.61 12.34 20.24 → 135.43 49.49
E.ON EONGY Germany Utilities 0.74 N/A 17.64 → 72.80 17.87
LUKOIL LUKOY Russia Oil & Gas 0.70 5.43 25.50 → 113.15 67.22
Repsol REPYY Spain Oil & Gas 0.78 10.21 14.62 → 42.61 23.59
Barclays  BCS England Financials 0.66 23.52 3.07 → 59.25 19.10

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