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Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 November 2013 Update

"for the value of money is also perishable." Jean-Baptiste Say , 1803
What investors expect of financial products is a way to secure their hard earned savings while
growing their wealth. The circularity of ‘investment talk’ is what Alice gets at the Tea Party.
“Take some more tea,” the March Hare said to Alice very earnestly.
“I’ve had nothing yet,” Alice replied in an offended tone: “so I ca’n’t take more.”
“You mean you ca’n’t take less,” said the Hatter: “it’s very easy to take more than nothing.”
Pretty much, they have taken it all before you arrived. “Alice, meet Dr. Artful Dodger.”
Our BookBuilderTM portfolios aim at building the children's education fund so they do not leave
school burdened like a borax mule with vitality sapping debt. Build your own deal book. Run your
online trading income account with our “likeables” because you need "to save your own bacon."
BookBuilder™ is about Simply Keeping It, Yours. Keeping it yours is your intention when you
save. We enable you to build value. Build your own deal book in your online trading account to
keep your capital safe and growing in value. Keep your money and obtain a hopeful return, yours.
Holding on to the value of what you have created is fundamental. Ancient wisdom tells us the feast
we enjoy today will very possibly move off our table. You build for a hope filled future when you
have enough to do what is in your heart and skills to take-on doing for yourself. Cash only has a
temporary value that time erodes. Cash is powerful only when it is engaged in business processes
creating more wealth, adding value. Cash must be invested to hold and grow, by adding value.
The financial products industry is an industry that covets spending your savings
for themselves. They do not see your pocket as their restraint, rather their
opportunity. Do not loan them your pocket-book on empty promises they have
never delivered. Avoid these traps laid by financial products conspiring to artfully
exploit the small investor of hard-won savings. These Artful Dodgers are just
skilled pick-pockets in suits bought with your cash. Avoid these ‘Goats’ that come
to just eat your grass, graze your wallet, and leave. What is the alternative for the
small investor? We are. We shun the likely rude wealth takers among corporate
fiction doppelgängers under management that are not “likeables” because we
reasonably identify those and shun them. Ours is proven investment method.
BookBuilder™ portfolios are of just our lowest cost "likeables" our methods identify. Because we
can, our proprietary information is given freely in charity to enable small investors to keep their
savings growing into their wealth. Our method is proven in long term portfolios earnings
consistently exceed inflation. Grow your savings for children’s tuition, retirement income or nest
building. Because you need to run your own online trading account to “save your own bacon."
Our calculated Risk Price (SF) is provably the least stock price at which the company is “likeable”
determined by “risk aversion”. You want to keep your money and obtain a hopeful return above the
rate of inflation. Our “likeable” stocks portfolios demonstrate this. That is why they are likeable.
Page 1 of 8

November 2013 © 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.
“

Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 November 2013 Update

To successfully invest you need to Know What You Have and only Have What You Know. The
Risk Price (SF) of the company is our known. Our "likeables" are based in our new fundamentals.
The ‘likeables’ let your capital grow in value outpacing inflation, defend your cash as capital. That
consequent is from our new theory of the firm1. Arising in law and philosophy of corporations we
have proven logically and mathematically consequences, our new fundamentals. BookBuilder™ is
another case for proving our point. Our $topLoss setting just makes it simple for the small investor.
Conventional investment "fundamentals" are based in price and assuming earnings ‘projections’. In
these 'fundamentals' Graham and Dodd made a nice step, but half-measure. Theory of the firm for
investment guidance is mostly unchanged since 19342. Price has no mass, and earnings are most
often misleading Punch and Judy puppet-shows that can be and often are manipulated in newsy
reports. Noise and gossip drive price and earnings. Fleeting and unreliable measures, expectation,
just prideful talk, external values to running the corporation. The entire investment industry chatter
is based in such flotsam riding the tumultuous waves of their own noise.
Business is founded in debt and credit float to capitalize their process of innovating and making.
How they manage debt structures determines their ongoing solvency and survival. Gossip of the
newsy sort has no real bearing.
Our "likeables" are determined by internal realities of corporate debt. How the firm manages its
debt is at the core of our new theory of the firm. Debt-financing and obligation is the essential issue
of corporations’ framework from the inception of their legal structure as 'fictitious persons' under
management in the 1830s (under protests of manager agency potent moral hazard). How debt
structures feed a business idea and are managed is integral to the firms’ success, solvency or
ruin. Risk Price is based on debt structures integral to the firm exposed in its balance sheet. We can
bore on about corporate philosophy legalities logic and mathematics but those results we obtain are
proven consequences of those "likeables" we uniquely identify. Real intelligence investors need3.
The "likeables" are ‘Grail’ portfolio builders investors need. These provide capital safety obtained
by AlphaSmart gains while protecting the downside and always remain liquid as cash, only better
by growing value in the long term, while cash erodes by inflation. The firms with compromised
debt structure under management we reasonably call ‘Goats’ just eat your grass, graze your wallet,
and leave. We shun these likely rude wealth takers, under management. Moral hazard is their way.
Our “likeables” investors tend to very strongly like, and bid up "likeables" stock price beyond the
Risk Price. That behaviourial consequence is very likeable, as 2 of 3 tend to gain and continue
gaining in price for the long term. That is what investors need to know, both small and large.
BookBuilder™ is another case proving our point with just the "likeables" lowest cost equities
which suits the needs of the small investor. By setting the $topLoss on each, the 1 of 3 ‘laggards’
will be cut before they damage capital safety while the rest continue to make substantial gains.

Page 2 of 8

November 2013 © 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.
“

Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 November 2013 Update

The tendency to gain our "likeables" show consistently. The cash released from those ‘laggards’
cut should be reinvested in newly emerging "likeables" as becomes evident with new balance sheet
information. By reinvesting cash to capital the portfolio grows in value through the long term while
always remaining "as good as cash" by being liquid when that time comes as you need it as cash.
Equities trading above our benchmark Risk Price are those investors tend to like. Two of three
continue to rise due investors’ behaviour. These are “likeables” revealed by their Risk Price.
Throughout the year volatility as the big-guy institutional portfolio managers abused your massive
holdings they claim in your name on news and gossip they make-up. Confused response of 50 to
100 point swings and round-abouts day after day on “surprising” news on QE, even as Q2 2.5%
GDP growth gains. The Artful Dodgers’ baseless gambling with your money always pays
themselves first, for their “reasons” that do not help you.
Their rumours ping-ponged as they did not read or connect dots. “Quantitative Easing will continue
until 6.5% unemployment is obtained.” Cash on balance sheets will eventually need to be allocated
to new demand and jobs in the real economy this year as consumers spend and demand. Despite
long evident strong real growth capitalization in jobs creation by innovation stalled, along with
political leadership overwrought on fugitive tales from their dog-walkers. The market mavens
pushed ahead levels floated on Quantitative Eating. Taper-talk was just hot-air, market making
newspeak, volatility tales wagging dogs. They follow gossip. Convictions they have, and plenty
more are now finally pending, but no reasons can they offer, and no help for you comes from them.
Our new fundamentals of firms managing debt structure remain, proven. Our very reasonable
“likeables” in NYSE have lead to 74.56% gains on 12 months, 27.01% on TSX. That is proof!
Cash must be engaged in effective business processes that it can gain value so expand your
portfolio. With a little new savings you have earned and set aside you might have added, to your
portfolio we showed the end of August. That will have gained 25.84% for you on these three
months, ready for riding through more waves from comic behaviours in Congress.
The TSX is modestly rebounding following summer doldrums and poor resources global demand.
The TSX BookBuilderTM 2012 continues to outpace its market gaining 29.96% on 13 months with
vigourous 2.95% gain in the past month while TSX gained only 1.69%.
Cash only has a temporary value that time erodes, cash erosion is not good. Cash is powerful only
when it is engaged in the business process of creating more value and adding more wealth. Cash
must be invested as capital to hold and grow value. Our view is risk averse; less risk for more
reward sounds strange but “likeables” prove works Let others chase the gamblers’ risk/reward
model that rarely works. Our charity shares our proprietary information to small investors. But you
can be charitable. Consider passing-on our charity by donating our usual fee to social charity.

Page 3 of 8

November 2013 © 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.
“

Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 November 2013 Update

In the meantime enjoy our charity in public service providing BookBuilderTM portfolios, because we
can. Use our proprietary “likeables” information for the small investor to stand up and save your
own bacon. Set the $topLosses and get on with earning income from your business you know best.
BookBuilderTM Portfolios Update List – 30 November 2013
NYSE BookBuilderTM "likeables" Firms

Boston Scientific Corp
Hudson City Bancorp Inc
Huntington Bancshares Inc
LSI Corp
Micron Technology Inc
Mitsubishi UFJ Financial Group Inc ($topLoss sold 24may)
MGIC Investment Corporation
Office Depot Inc
Regions Financial Corp
Sprint Nextel
Sirius XM Radio Inc. ($topLoss setting on 10Q-3)

Market
Price

Symbol

Stop/Loss

SF
(Risk Price)

BSX
HCBK
HBAN
LSI
MU
MTU
MTG
ODP
RF
S
SIRI

$7
$8
$6
$6
$11
$7
$5
$4
$6
$5
$2

$10
$9
$8
$7
$17
$6
$7
$5
$9
$7
$3

8.3 FIATY

$6

$6

12.02
9.43
9.65
11.04
21.75
8.44
5.29
9.89
3.49

Buy-ins 31Jul2013
Fiat SPA ADR

Current Portfolio Value *100 Shares (incl.

10038.00 /5460.00

Dividends) 31 December 2013 / 30 November 2012

Net Cash * 100 (after buying FIATY 31Jul2013
Portfolio Value /(including dividends)

61.00
10038.00 /7049.00

31 December 2013 / 30 April 2013

Gain 13.0
months
Gain 8.0
months

83.94%

42.33%

New NYSE “Likeables” (to replace $topLoss sold)
(Pending Need for Change or investing new Savings)

Lenovo Group Limited ADR
Boulder Brands Incorporated
Boyd Gaming Corp
News Corp.
LM Ericsson Telephone Company
Marvell Technology Group Ltd.
Viskase Companies Incorporated
Xerox Corp
Zynga Incorporated
New 2013 Portfolio Buyins *100 shares

24.43
15.86
11.26
18.02
12.24
14.38
6.5
12.17
3.8

LNVGY:US
BDBD:US
BYD
NWSA:US
ERIC:US
MRVL:US
VKSC:US
XRX:US
ZNGA:US

5533.00 /4397.00

(including dividends) 30 November 2013/31 August 2013
Page 4 of 8

November 2013 © 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.

$21
$11

$22
$13

$10

$9

$17

$16

$11
$12
$4

$11
$12
$6

$9

$10

$4

$4

Gain 3.0
months

25.84%
“

Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 November 2013 Update

JetBlue Airways Corporation (DJTrans)
Compuware Corp
Genworth Financial Inc
Lloyds BankingGroup PLC ADS
OfficeMax Incorporated (Bought by ODP)

8.54
11.21
15.53
5.32

JBLU
CPWR
GNW:US
LYG:US
OMX:US

$7
$10
$12
$4

$8
$10
$13
$4

$7

$8

$5

$4

Buy-ins 30 November 2013
Callaway Golf Co
Idenix Pharmaceuticals Incorporated
New 2013 NYSE “Likeables” Portfolio

8.43 ELY
5.98 IDIX:US

5709.00 /4397.00

(including dividends) 31 ODecember 2013/ 31 August 2013

Net Cash * 100 (after buy-ins 30 November 2013)
New 2013 NYSE “Likeables” Portfolio

Gain 4.0
months

29.84%

Gain 4.0
months

29.84%

179.00
5709.00 /4397.00

(including dividends) 31 ODecember 2013/ 31 August 2013

Engage “Likeables” and save your own bacon.

Equities that tend to hold their value and gain are better than cash. We like Capital Safety and
Liquidity because we have proven that works, consistently obtaining both low risk and high gain.
For small savings it is needful but arbitrary you feed at the low price end of "likeables" found in the
market. What is essential in your portfolios is that you buy a full complement of at least eight or
preferably more equities at any time (preferably in equal blocks of 100 shares for 'collaring options'
as exit strategy to maximize gains, often continuing to hold through volatility and earning more
gains). Tendency for gain is not the same as pin-the-point on the mule as most encourage or seek.
Let others chase the gamblers’ risk/reward model. Risk Price is what investors need to know.
Our current Risk Price (SF) has risen on both Denison Mines Corp.(DML) and Manitok Energy
Inc (MEI) both now trading below (SF). This prompts decision to cull these when new “likeable”
emerges at the price point needed. We should sell and hold cash, on principle. Wait and see
whenever a new low price “likeable” emerges? We have a lock on them all among our portfolios.
To keep our cash engaged in gain we even had to buy-back in Maxim (MXG) 30 September three
months after Stoploss setting ejecting it. Most new emerging “likeables” are at higher price-point,
Perhaps the better approach is to clean house of the marginal performing and go up-scale in price
while still maintaining the least number of 8 “likeables” at any time as a principle we assert is best
heeded. We have 12 equities serving this portfolio currently. Of these BBD-B, DML; and MEI;
collectively provided only 1.2% gain, cashed will realize $811.00 for reinvestment in BNK; and,

Page 5 of 8

November 2013 © 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.
“

Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 November 2013 Update

CHR-B, or GTE as possibilities. We go with CHR-B as fast moving keeping most cash engaged
selling underperforming BBD-B whose Risk Price (SF) fell this month as DML and MEI (SF) rose.
TSX 2012 BookBuilder TM “Likeables”
Portfolio (30 November 2012)
Algonquin Power & Utilities Corp (Stoploss 020jun)
Canexus Corporation (StopLoss sold 08aug13)
Denison Mines Corp. (N*rise sell 31dec13)
Enerflex Ltd.
Manitok Energy Inc. (N*rise sell 31dec13)
Maxim Power Corp (StopLoss sold 27jun13)
Martinrea International Inc ($9 $topLoss 25nov13)
Precision Drilling Corporation
Superior Plus Corp. (N* decline sold 30sep13)
Trinidad Drilling Ltd.

Market
Price

Symbol

SF

Stop/Loss

(Risk Price)

$6
$7
$2
$12
$3
$3
$8
$9
$13
$7

$7
$6
$1
$14
$2
$3
$6
$8
$10
$9

8.55 BCB

$8

$8

7.41 AC.B.TO

$2

$6

1.61 BLD
3.19 MXG
8.5 SVY

$1
$3
$7

$1
$3
$8

4.61 BBD.B
9.02 NDN

$4
$8

$4
$8

1.29
15.00
2.14

9.94
9.85

AQN
CUS
DML
EFX
MEI
MXG
MRE
PD
SPB
TDG

Buy-ins 31Jul2013
Cott Corporation

Buy-ins 31Aug2013
Air Canada

Buy-ins 30Sep2013
Ballard Power Systems Incorporated
Maxim Power Corp
Savanna Energy Services Corp.

Buy-ins 30nov2013 *100 shares each
Bombardier Inc. (N*drop sell 31dec13)
Nordion Inc.

TSX 2012 Portfolio Value (including dividends)

8306.00 /7445.00

31 December 2013 / 30 April 2013

Net Current Cash after 30nov2013 Buy-ins *100 shares
Net Cash * 100 (after sale of BBD-B)
Net Cash for Buy-ins *100 shares
Buy-ins 31dec2013 *100 shares each
Chorus Aviation Inc.

Net Cash * 100 (after sale of buy-in 31dec13)

10.70 %

7.00
461.00
468.00
4.03 CHR.B

$4

$3

65.00

TSX 2012 Portfolio Value (including dividends)
31 December 2013) / 30 November 2012

8306.00 /6391.00

New TSX 2013 Portfolio Buyins *100 shares

6282.00

Page 6 of 8

Gain 8.0
months

November 2013 © 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.

Gain 13.0
months

29.96 %
“

Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 November 2013 Update

31 August 2013

CAE Inc.
CML HealthCare Inc. (Bought by LifeLabs)
Celestica Inc.
Hudsons Bay Company ($topLoss 27dec)
Leon's Furniture Limited

13.51 CAE:TO
CLC.TO
11.04 CLS.TO
17.93 HBC.TO
14.03 LNF.TO

$9
$9
$9
$17
$12

$12
$9
$9
$17
$13

$3
$3
$1

$3
$2
$2

Buy-ins 30nov2013 *100 shares each
Ainsworth Lumber Company Limited
Capstone Mining Corp.
Western Forest Products Incorporated
New TSX 2013 Portfolio
31 December 2013 /31 August 2013
Current Cash * after 100 Shares Buy-ins 30nov2013

New TSX 2013 Portfolio

4.17 ANS
3.00 CS
1.92 WEF

6848.40 /6282.00
253.00
6848.40 /6282.00

31 December 2013 /31 August 2013

Gain 4.0
months

9.02%

Gain 4.0
months

9.02%

(Pending Need for Change or investing new Savings)

Bankers Petroleum Ltd.
DREAM Unlimited Corporation
Gran Tierra Energy Incorporated
Acadian Timber Corporation
Algonquin Power & Utilities Corp.
Enerplus Corporation
Resolute Forest Products Inc
Talisman Energy Inc.
NuVista Energy Ltd.

4.37
16.90
7.75
12.25
7.34
19.30
17.07
12.35
7.14

BNK
DRM
GTE
ADN
AQN
ERF
RFP
TLM
NVA

$4
$16
$7
$10
$6
$17
$13
$12
$7

$4
$15
$7
$11
$7
$18
$15
$12
$6

Engage “likeables” and save your own bacon.

Our reasons for having any equity in our portfolios are clear, concise and consistent, “likeables” are
equities shown valued by market investors, tending to continuing gain, as investors hold the stock at
prices above the price of risk. “AlphaSmart gains, Capital Safety and Liquidity” we obtain.
Know What You Have, and only, Have What You Know.
Our view is risk averse. Of course we require 2&20 fees for doing that. Mail us for our help.
Hans Goetze,
Architypes Inc. architypes@gmail.com and StockTakers Limited hg.stocktaker@gmail.com
Head Office
76 Midridge Close SE
Calgary, AB
Page 7 of 8

351 Chemin Boulanger
Sutton, PQ

November 2013 © 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.
“

T2X 1G1

Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 November 2013 Update

J0E 2K0
450 538-1270

1

E. Goetze, The Modal Geometry of the Firm and Worth of the Trading Connections, 2009
B. Graham and D. Dodd, Security Analysis, 1934, and, The Intelligent Investor, 1949
3
http://riskwerk.com/2013/05/18/the-real-intelligent-investor/
2

Page 8 of 8

November 2013 © 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.

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BookBuilderTM keeping it yours 31dec13

  • 1. “ Defending Your Capital BookBuilder™ is about Simply Keeping It, Yours 30 November 2013 Update "for the value of money is also perishable." Jean-Baptiste Say , 1803 What investors expect of financial products is a way to secure their hard earned savings while growing their wealth. The circularity of ‘investment talk’ is what Alice gets at the Tea Party. “Take some more tea,” the March Hare said to Alice very earnestly. “I’ve had nothing yet,” Alice replied in an offended tone: “so I ca’n’t take more.” “You mean you ca’n’t take less,” said the Hatter: “it’s very easy to take more than nothing.” Pretty much, they have taken it all before you arrived. “Alice, meet Dr. Artful Dodger.” Our BookBuilderTM portfolios aim at building the children's education fund so they do not leave school burdened like a borax mule with vitality sapping debt. Build your own deal book. Run your online trading income account with our “likeables” because you need "to save your own bacon." BookBuilder™ is about Simply Keeping It, Yours. Keeping it yours is your intention when you save. We enable you to build value. Build your own deal book in your online trading account to keep your capital safe and growing in value. Keep your money and obtain a hopeful return, yours. Holding on to the value of what you have created is fundamental. Ancient wisdom tells us the feast we enjoy today will very possibly move off our table. You build for a hope filled future when you have enough to do what is in your heart and skills to take-on doing for yourself. Cash only has a temporary value that time erodes. Cash is powerful only when it is engaged in business processes creating more wealth, adding value. Cash must be invested to hold and grow, by adding value. The financial products industry is an industry that covets spending your savings for themselves. They do not see your pocket as their restraint, rather their opportunity. Do not loan them your pocket-book on empty promises they have never delivered. Avoid these traps laid by financial products conspiring to artfully exploit the small investor of hard-won savings. These Artful Dodgers are just skilled pick-pockets in suits bought with your cash. Avoid these ‘Goats’ that come to just eat your grass, graze your wallet, and leave. What is the alternative for the small investor? We are. We shun the likely rude wealth takers among corporate fiction doppelgängers under management that are not “likeables” because we reasonably identify those and shun them. Ours is proven investment method. BookBuilder™ portfolios are of just our lowest cost "likeables" our methods identify. Because we can, our proprietary information is given freely in charity to enable small investors to keep their savings growing into their wealth. Our method is proven in long term portfolios earnings consistently exceed inflation. Grow your savings for children’s tuition, retirement income or nest building. Because you need to run your own online trading account to “save your own bacon." Our calculated Risk Price (SF) is provably the least stock price at which the company is “likeable” determined by “risk aversion”. You want to keep your money and obtain a hopeful return above the rate of inflation. Our “likeable” stocks portfolios demonstrate this. That is why they are likeable. Page 1 of 8 November 2013 © 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.
  • 2. “ Defending Your Capital BookBuilder™ is about Simply Keeping It, Yours 30 November 2013 Update To successfully invest you need to Know What You Have and only Have What You Know. The Risk Price (SF) of the company is our known. Our "likeables" are based in our new fundamentals. The ‘likeables’ let your capital grow in value outpacing inflation, defend your cash as capital. That consequent is from our new theory of the firm1. Arising in law and philosophy of corporations we have proven logically and mathematically consequences, our new fundamentals. BookBuilder™ is another case for proving our point. Our $topLoss setting just makes it simple for the small investor. Conventional investment "fundamentals" are based in price and assuming earnings ‘projections’. In these 'fundamentals' Graham and Dodd made a nice step, but half-measure. Theory of the firm for investment guidance is mostly unchanged since 19342. Price has no mass, and earnings are most often misleading Punch and Judy puppet-shows that can be and often are manipulated in newsy reports. Noise and gossip drive price and earnings. Fleeting and unreliable measures, expectation, just prideful talk, external values to running the corporation. The entire investment industry chatter is based in such flotsam riding the tumultuous waves of their own noise. Business is founded in debt and credit float to capitalize their process of innovating and making. How they manage debt structures determines their ongoing solvency and survival. Gossip of the newsy sort has no real bearing. Our "likeables" are determined by internal realities of corporate debt. How the firm manages its debt is at the core of our new theory of the firm. Debt-financing and obligation is the essential issue of corporations’ framework from the inception of their legal structure as 'fictitious persons' under management in the 1830s (under protests of manager agency potent moral hazard). How debt structures feed a business idea and are managed is integral to the firms’ success, solvency or ruin. Risk Price is based on debt structures integral to the firm exposed in its balance sheet. We can bore on about corporate philosophy legalities logic and mathematics but those results we obtain are proven consequences of those "likeables" we uniquely identify. Real intelligence investors need3. The "likeables" are ‘Grail’ portfolio builders investors need. These provide capital safety obtained by AlphaSmart gains while protecting the downside and always remain liquid as cash, only better by growing value in the long term, while cash erodes by inflation. The firms with compromised debt structure under management we reasonably call ‘Goats’ just eat your grass, graze your wallet, and leave. We shun these likely rude wealth takers, under management. Moral hazard is their way. Our “likeables” investors tend to very strongly like, and bid up "likeables" stock price beyond the Risk Price. That behaviourial consequence is very likeable, as 2 of 3 tend to gain and continue gaining in price for the long term. That is what investors need to know, both small and large. BookBuilder™ is another case proving our point with just the "likeables" lowest cost equities which suits the needs of the small investor. By setting the $topLoss on each, the 1 of 3 ‘laggards’ will be cut before they damage capital safety while the rest continue to make substantial gains. Page 2 of 8 November 2013 © 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.
  • 3. “ Defending Your Capital BookBuilder™ is about Simply Keeping It, Yours 30 November 2013 Update The tendency to gain our "likeables" show consistently. The cash released from those ‘laggards’ cut should be reinvested in newly emerging "likeables" as becomes evident with new balance sheet information. By reinvesting cash to capital the portfolio grows in value through the long term while always remaining "as good as cash" by being liquid when that time comes as you need it as cash. Equities trading above our benchmark Risk Price are those investors tend to like. Two of three continue to rise due investors’ behaviour. These are “likeables” revealed by their Risk Price. Throughout the year volatility as the big-guy institutional portfolio managers abused your massive holdings they claim in your name on news and gossip they make-up. Confused response of 50 to 100 point swings and round-abouts day after day on “surprising” news on QE, even as Q2 2.5% GDP growth gains. The Artful Dodgers’ baseless gambling with your money always pays themselves first, for their “reasons” that do not help you. Their rumours ping-ponged as they did not read or connect dots. “Quantitative Easing will continue until 6.5% unemployment is obtained.” Cash on balance sheets will eventually need to be allocated to new demand and jobs in the real economy this year as consumers spend and demand. Despite long evident strong real growth capitalization in jobs creation by innovation stalled, along with political leadership overwrought on fugitive tales from their dog-walkers. The market mavens pushed ahead levels floated on Quantitative Eating. Taper-talk was just hot-air, market making newspeak, volatility tales wagging dogs. They follow gossip. Convictions they have, and plenty more are now finally pending, but no reasons can they offer, and no help for you comes from them. Our new fundamentals of firms managing debt structure remain, proven. Our very reasonable “likeables” in NYSE have lead to 74.56% gains on 12 months, 27.01% on TSX. That is proof! Cash must be engaged in effective business processes that it can gain value so expand your portfolio. With a little new savings you have earned and set aside you might have added, to your portfolio we showed the end of August. That will have gained 25.84% for you on these three months, ready for riding through more waves from comic behaviours in Congress. The TSX is modestly rebounding following summer doldrums and poor resources global demand. The TSX BookBuilderTM 2012 continues to outpace its market gaining 29.96% on 13 months with vigourous 2.95% gain in the past month while TSX gained only 1.69%. Cash only has a temporary value that time erodes, cash erosion is not good. Cash is powerful only when it is engaged in the business process of creating more value and adding more wealth. Cash must be invested as capital to hold and grow value. Our view is risk averse; less risk for more reward sounds strange but “likeables” prove works Let others chase the gamblers’ risk/reward model that rarely works. Our charity shares our proprietary information to small investors. But you can be charitable. Consider passing-on our charity by donating our usual fee to social charity. Page 3 of 8 November 2013 © 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.
  • 4. “ Defending Your Capital BookBuilder™ is about Simply Keeping It, Yours 30 November 2013 Update In the meantime enjoy our charity in public service providing BookBuilderTM portfolios, because we can. Use our proprietary “likeables” information for the small investor to stand up and save your own bacon. Set the $topLosses and get on with earning income from your business you know best. BookBuilderTM Portfolios Update List – 30 November 2013 NYSE BookBuilderTM "likeables" Firms Boston Scientific Corp Hudson City Bancorp Inc Huntington Bancshares Inc LSI Corp Micron Technology Inc Mitsubishi UFJ Financial Group Inc ($topLoss sold 24may) MGIC Investment Corporation Office Depot Inc Regions Financial Corp Sprint Nextel Sirius XM Radio Inc. ($topLoss setting on 10Q-3) Market Price Symbol Stop/Loss SF (Risk Price) BSX HCBK HBAN LSI MU MTU MTG ODP RF S SIRI $7 $8 $6 $6 $11 $7 $5 $4 $6 $5 $2 $10 $9 $8 $7 $17 $6 $7 $5 $9 $7 $3 8.3 FIATY $6 $6 12.02 9.43 9.65 11.04 21.75 8.44 5.29 9.89 3.49 Buy-ins 31Jul2013 Fiat SPA ADR Current Portfolio Value *100 Shares (incl. 10038.00 /5460.00 Dividends) 31 December 2013 / 30 November 2012 Net Cash * 100 (after buying FIATY 31Jul2013 Portfolio Value /(including dividends) 61.00 10038.00 /7049.00 31 December 2013 / 30 April 2013 Gain 13.0 months Gain 8.0 months 83.94% 42.33% New NYSE “Likeables” (to replace $topLoss sold) (Pending Need for Change or investing new Savings) Lenovo Group Limited ADR Boulder Brands Incorporated Boyd Gaming Corp News Corp. LM Ericsson Telephone Company Marvell Technology Group Ltd. Viskase Companies Incorporated Xerox Corp Zynga Incorporated New 2013 Portfolio Buyins *100 shares 24.43 15.86 11.26 18.02 12.24 14.38 6.5 12.17 3.8 LNVGY:US BDBD:US BYD NWSA:US ERIC:US MRVL:US VKSC:US XRX:US ZNGA:US 5533.00 /4397.00 (including dividends) 30 November 2013/31 August 2013 Page 4 of 8 November 2013 © 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. $21 $11 $22 $13 $10 $9 $17 $16 $11 $12 $4 $11 $12 $6 $9 $10 $4 $4 Gain 3.0 months 25.84%
  • 5. “ Defending Your Capital BookBuilder™ is about Simply Keeping It, Yours 30 November 2013 Update JetBlue Airways Corporation (DJTrans) Compuware Corp Genworth Financial Inc Lloyds BankingGroup PLC ADS OfficeMax Incorporated (Bought by ODP) 8.54 11.21 15.53 5.32 JBLU CPWR GNW:US LYG:US OMX:US $7 $10 $12 $4 $8 $10 $13 $4 $7 $8 $5 $4 Buy-ins 30 November 2013 Callaway Golf Co Idenix Pharmaceuticals Incorporated New 2013 NYSE “Likeables” Portfolio 8.43 ELY 5.98 IDIX:US 5709.00 /4397.00 (including dividends) 31 ODecember 2013/ 31 August 2013 Net Cash * 100 (after buy-ins 30 November 2013) New 2013 NYSE “Likeables” Portfolio Gain 4.0 months 29.84% Gain 4.0 months 29.84% 179.00 5709.00 /4397.00 (including dividends) 31 ODecember 2013/ 31 August 2013 Engage “Likeables” and save your own bacon. Equities that tend to hold their value and gain are better than cash. We like Capital Safety and Liquidity because we have proven that works, consistently obtaining both low risk and high gain. For small savings it is needful but arbitrary you feed at the low price end of "likeables" found in the market. What is essential in your portfolios is that you buy a full complement of at least eight or preferably more equities at any time (preferably in equal blocks of 100 shares for 'collaring options' as exit strategy to maximize gains, often continuing to hold through volatility and earning more gains). Tendency for gain is not the same as pin-the-point on the mule as most encourage or seek. Let others chase the gamblers’ risk/reward model. Risk Price is what investors need to know. Our current Risk Price (SF) has risen on both Denison Mines Corp.(DML) and Manitok Energy Inc (MEI) both now trading below (SF). This prompts decision to cull these when new “likeable” emerges at the price point needed. We should sell and hold cash, on principle. Wait and see whenever a new low price “likeable” emerges? We have a lock on them all among our portfolios. To keep our cash engaged in gain we even had to buy-back in Maxim (MXG) 30 September three months after Stoploss setting ejecting it. Most new emerging “likeables” are at higher price-point, Perhaps the better approach is to clean house of the marginal performing and go up-scale in price while still maintaining the least number of 8 “likeables” at any time as a principle we assert is best heeded. We have 12 equities serving this portfolio currently. Of these BBD-B, DML; and MEI; collectively provided only 1.2% gain, cashed will realize $811.00 for reinvestment in BNK; and, Page 5 of 8 November 2013 © 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.
  • 6. “ Defending Your Capital BookBuilder™ is about Simply Keeping It, Yours 30 November 2013 Update CHR-B, or GTE as possibilities. We go with CHR-B as fast moving keeping most cash engaged selling underperforming BBD-B whose Risk Price (SF) fell this month as DML and MEI (SF) rose. TSX 2012 BookBuilder TM “Likeables” Portfolio (30 November 2012) Algonquin Power & Utilities Corp (Stoploss 020jun) Canexus Corporation (StopLoss sold 08aug13) Denison Mines Corp. (N*rise sell 31dec13) Enerflex Ltd. Manitok Energy Inc. (N*rise sell 31dec13) Maxim Power Corp (StopLoss sold 27jun13) Martinrea International Inc ($9 $topLoss 25nov13) Precision Drilling Corporation Superior Plus Corp. (N* decline sold 30sep13) Trinidad Drilling Ltd. Market Price Symbol SF Stop/Loss (Risk Price) $6 $7 $2 $12 $3 $3 $8 $9 $13 $7 $7 $6 $1 $14 $2 $3 $6 $8 $10 $9 8.55 BCB $8 $8 7.41 AC.B.TO $2 $6 1.61 BLD 3.19 MXG 8.5 SVY $1 $3 $7 $1 $3 $8 4.61 BBD.B 9.02 NDN $4 $8 $4 $8 1.29 15.00 2.14 9.94 9.85 AQN CUS DML EFX MEI MXG MRE PD SPB TDG Buy-ins 31Jul2013 Cott Corporation Buy-ins 31Aug2013 Air Canada Buy-ins 30Sep2013 Ballard Power Systems Incorporated Maxim Power Corp Savanna Energy Services Corp. Buy-ins 30nov2013 *100 shares each Bombardier Inc. (N*drop sell 31dec13) Nordion Inc. TSX 2012 Portfolio Value (including dividends) 8306.00 /7445.00 31 December 2013 / 30 April 2013 Net Current Cash after 30nov2013 Buy-ins *100 shares Net Cash * 100 (after sale of BBD-B) Net Cash for Buy-ins *100 shares Buy-ins 31dec2013 *100 shares each Chorus Aviation Inc. Net Cash * 100 (after sale of buy-in 31dec13) 10.70 % 7.00 461.00 468.00 4.03 CHR.B $4 $3 65.00 TSX 2012 Portfolio Value (including dividends) 31 December 2013) / 30 November 2012 8306.00 /6391.00 New TSX 2013 Portfolio Buyins *100 shares 6282.00 Page 6 of 8 Gain 8.0 months November 2013 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions. Gain 13.0 months 29.96 %
  • 7. “ Defending Your Capital BookBuilder™ is about Simply Keeping It, Yours 30 November 2013 Update 31 August 2013 CAE Inc. CML HealthCare Inc. (Bought by LifeLabs) Celestica Inc. Hudsons Bay Company ($topLoss 27dec) Leon's Furniture Limited 13.51 CAE:TO CLC.TO 11.04 CLS.TO 17.93 HBC.TO 14.03 LNF.TO $9 $9 $9 $17 $12 $12 $9 $9 $17 $13 $3 $3 $1 $3 $2 $2 Buy-ins 30nov2013 *100 shares each Ainsworth Lumber Company Limited Capstone Mining Corp. Western Forest Products Incorporated New TSX 2013 Portfolio 31 December 2013 /31 August 2013 Current Cash * after 100 Shares Buy-ins 30nov2013 New TSX 2013 Portfolio 4.17 ANS 3.00 CS 1.92 WEF 6848.40 /6282.00 253.00 6848.40 /6282.00 31 December 2013 /31 August 2013 Gain 4.0 months 9.02% Gain 4.0 months 9.02% (Pending Need for Change or investing new Savings) Bankers Petroleum Ltd. DREAM Unlimited Corporation Gran Tierra Energy Incorporated Acadian Timber Corporation Algonquin Power & Utilities Corp. Enerplus Corporation Resolute Forest Products Inc Talisman Energy Inc. NuVista Energy Ltd. 4.37 16.90 7.75 12.25 7.34 19.30 17.07 12.35 7.14 BNK DRM GTE ADN AQN ERF RFP TLM NVA $4 $16 $7 $10 $6 $17 $13 $12 $7 $4 $15 $7 $11 $7 $18 $15 $12 $6 Engage “likeables” and save your own bacon. Our reasons for having any equity in our portfolios are clear, concise and consistent, “likeables” are equities shown valued by market investors, tending to continuing gain, as investors hold the stock at prices above the price of risk. “AlphaSmart gains, Capital Safety and Liquidity” we obtain. Know What You Have, and only, Have What You Know. Our view is risk averse. Of course we require 2&20 fees for doing that. Mail us for our help. Hans Goetze, Architypes Inc. architypes@gmail.com and StockTakers Limited hg.stocktaker@gmail.com Head Office 76 Midridge Close SE Calgary, AB Page 7 of 8 351 Chemin Boulanger Sutton, PQ November 2013 © 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.
  • 8. “ T2X 1G1 Defending Your Capital BookBuilder™ is about Simply Keeping It, Yours 30 November 2013 Update J0E 2K0 450 538-1270 1 E. Goetze, The Modal Geometry of the Firm and Worth of the Trading Connections, 2009 B. Graham and D. Dodd, Security Analysis, 1934, and, The Intelligent Investor, 1949 3 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/ 2 Page 8 of 8 November 2013 © 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.