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Stock takers capital taxcharitytm 15feb2014
- 1. “ Defend Your Capital, TaxCharityTM Update–15 February 2014
"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
Equities trading above our benchmark Risk Price (SF) are those liked by investors, as two of three
continue to price rise due to investors’ preference. These equities we call “likeables.” They are
revealed by their rise above Risk Price, our metric that investors must know to defend their capital.
Cash must be engaged in the economy in business ideas with valiant balance sheets or it loses
value. That is simple fact. For small savings it is needful but arbitrary you feed at the low price end
of "likeables" we find in balance sheets. Equities that tend to hold their value and gain are better
than cash. Risk Aversion, Capital Safety and Liquidity in ‘likeables’ we prove works for you.
This past year US markets have rebounded particularly well fed on Quantitative Eating courtesy of
the Federal Reserve. This month market mavens got ‘surprised’ again. Consumers are demanding,
firms are not reversing their balance sheets. Our public TaxCharityTM and BookBuilderTM portfolios
show better using our new theory of the firm. We seek sophisticated investors to advance the
impact of what we have proven. Meanwhile enjoy our charity to small investors, because we can.
The larger your “likeables” portfolio will tend to average 26% per annum Internal Rate of Return as
we have proven the case through the two recessions experienced these past 13 years. See our
articles StockTakers’ 2012Q1 bite on DJI. and The Counter Culture: Case for a Can Opener. Our
work stands on giants, insights of three very different laureates. Our “likeables” behaviour is proof.
That proven behaviour fund managers like CPPIB refuse to understand. Politicians demand you
must trust to invest even double in their proven failure. There is proof Wall Street does not
understand our “likeables” behaviour as hedge funds fail to deliver . On gossip hem and haw the
markets bounced and yawed with all the boats. Quantitative Eating treacle-down capitalizes US
markets - not yet consumer demand driven economy getting-on with their lives. The 2012 TSX
“likeables” made 34.01% gain in 14.5 months now trending above our average IRR. The vibrant
NYSE 2012 “likeables” portfolio has gained far above average 42.37%. More proof is found in 5.0
month gain of 23.54% in the 2013 ‘likeables’ NYSE portfolio, a mere 19.13% on less vibrant TSX.
What is essential is that you hold a full complement of at least eight or preferably more “likeables”
in your portfolios at any time (preferably in equal blocks of 100 share multiples for 'collaring
options' as exit strategy to maximize gains, most often continuing to hold through volatility and
earning more gains). Tendency of ‘likeables’ for gain is not the same as pin-the-point on the mule
most seek. Let others chase the gamblers’ risk/reward model. Good reason shows that rarely works.
Tax charity limits for 2013 income sheltering were used to set these portfolios. Americans can look
forward to sheltering $17,800.00 in 2013 depending on various factors in your tax code. Best have
tax specialist involved. Canadians can shelter $23,820.00 of their income in 2013. Extending our
proprietary information as charity to suit small investors’ needs our BookBuilderTM invests in your
children’s education TaxCharityTM your retirement and income needs, because we can, you can.
Page 1 of 7
February 2014 © 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. “ Defend Your Capital, TaxCharityTM Update–15 February 2014
TaxCharityTM Portfolios Update List – 15 February 2014
Market
NYSE Value 17K Firms 2012 limits
Price
Symbol
Stop/Loss
SF
(Risk Price)
15.00 ACAS:US
CVG:US
FHN:US
15.00 F:US
HERO:US
HST:US
HBAN:US
16.48 IPG:US
12.92 KEY:US
LSI:US
MTW:US
MBI:US
10.35 RF:US
S:US
TER:US
$10
$14
$9
$13
$4
$14
$6
$11
$9
$6
$12
$8
$6
$5
$14
$15
$19
$11
$15
$5
$18
$9
$16
$12
$10
$23
$10
$10
$8
$18
13.30 BSX:US
26.76 GT:US
HCBK:US
JDSU:US
14.50 NYT:US
SE:US
$7
$12
$8
$14
$7
$27
$12
$21
$9
$11
$13
$33
10.55 CPWR:US
8.78 MTG:US
$10
$5
$10
$7
5.47 LYG:US
OMX:US
RRD:US
15.00 SAPE
$4
$5
$15
$13
$17
$15
18.22 AZSEY:OTC
American Capital Ltd $topLoss sold 11feb14
Convergys Corp $topLoss sold 18apr
First Horizon National Corp StopLoss sold 15apr
Ford Motor Co. $topLoss sold 31jan13
Hercules Offshore Inc StopLoss sold 09dec
Host Hotels & Resorts Inc
Huntington Bancshares Inc $topLoss sold 17apr
Interpublic Group of Cos
KeyCorp
LSI Corp $topLoss sold 22apr
Manitowoc Company StopLoss sold 15apr
MBIA Inc
Regions Financial Corp
Sprint Nextel StopLoss sold 09oct
Teradyne Inc $topLoss Apr 5, 2013
$15
$14
12.20 ERIC:US
16.00 IGT
$11
$11
$16
$16
(Buy-ins 30apr13)
Boston Scientific Corp
Goodyear Tire & Rubber Company
Hudson City Bancorp Inc $topLoss sold 23sep13
JDS Uniphase Corp $topLoss sold 15aug
New York Times Company CL A
Spectra Energy Corp $topLoss sold 15Aug
(Buy-ins 30jun13)
Compuware Corp
MGIC Investment Corporation
(Buy-ins 30jun13)
Lloyds BankingGroup PLC ADS
OfficeMax Incorporated (Bought by ODP-05nov2013)
Donnelley RR & Sons Company $topLoss sold 18sep13
Sapient Corp $topLoss sold 04feb13
(Buy-ins 30jsep13)
Allianz SE
(Buy-ins 15jan14)
LM Ericsson Telephone Company
International Game Technology $topLoss sold 24jan13
Page 2 of 7
February 2014 © 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. “ Defend Your Capital, TaxCharityTM Update–15 February 2014
Current 2012 Portfolio Value 15 February 2014
21660.00 / 15214.00
(including dividends) / 01 December 2012
Net Cash Forward after Buy-ins *100 shares (ERIC, IGT)
Net Cash Forward after $topLoss sales *100 shares 15feb14
Current Cash
Gain 14.5
months
42.37%
127.00
6100.00
6227.00
(Buy-ins 15feb14)
Oracle Corp.
Westmoreland Coal Company
Net Cash Forward after Buy-ins *100 shares (ERIC, IGT)
Current 2012 Portfolio Value 15 February 2014
12.68 ORCL:US
16.00 WLB:US
$34
$33
$12
$17
208.00
21660.00 / 15214.00
(including dividends) / 01 December 2012
Gain 14.5
months
42.37%
(Pending Need for Change or investing new Savings)
ABB Ltd. ADS
AK Steel Holding Corp
Barnes Group Incorporated
Canfor Corporation
Dreamworks Animation SKG Incorporated
Westpac Banking Corp. ADS
USA ROTH/IRA 2013 limit
$23
$7
$24
$13
$24
$28
$25
$6
$36
$26
$30
$22
14.26 AHS:US
BAH:US
25.00 CIEN:US
FHN:US
15.56 GNW:US
KKD:US
34.41 AAL/LCC:US
17.95 LPX:US
36.14 P:US
15.78 RDN:US
$10
$16
$19
$9
$12
$10
$12
$12
$24
$7
$13
$17
$19
$11
$14
$16
$19
$16
$29
$13
35.96 HSH:US
$30
$33
21.81 ETFC:US
$13
$18
25.41
6.91
36.66
26.70
32.86
29.78
ABB:US
AKS:US
B:US
CFPZF
DWA:US
WBK:US
17800.00
Buy-ins 15sepl2013 *100 shares each
AMN Healthcare Services Incorporated
Booz Allen Hamilton Incorporated $top-Loss 06nov
Ciena Corp
First Horizon National Corp $topLoss sold 08oct13
Genworth Financial Inc
Krispy Kreme Doughnuts Inc. $topLoss sold 03dec13
US Airways Group Incorporated
Lousinana-Pacific Corporation
Pandora Media Incorporated
Radian Group Incorporated
(Buy-ins 15nov13)
Hillshire Brands Company
Buy-ins 15Jjan2014 *100 shares each
E Trade Financial Corp
USA ROTH/IRA 2013 Portfolio 15 February
21990.30 / 17800.00
2014 (including dividends) / 15 September
Net Cash Forward after Buy-ins *100 shares (ETFC)
Page 3 of 7
193.00
February 2014 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited.
The author does not provide investment advice. In order to use reproduce or convey the material herein,
in any way, written agreement must be obtained from the author or its agent Architypes Inc.
StockTakers Limited is an Alberta corporation providing information on “likeables” equities.
StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
Gain 5.0
months
23.54%
- 4. “ Defend Your Capital, TaxCharityTM Update–15 February 2014
USA ROTH/IRA 2013 Portfolio 15 February
21990.30 / 17800.00
2014 (including dividends) / 15 September
Engage “Likeables” and save your own bacon.
Gain 5.0
months
23.54%
Because we can, you can
Equities that tend to hold their value and gain are better than cash. We like Capital Safety and
Liquidity because we have proven our risk aversion works, consistently obtaining both low risk and
AlphaSmartTM high gain. Our Risk Price is what investors must know to defend their capital.
We are extending a small part of our proprietary information as charity to suit small investors’
needs for their small portfolios, our BookBuilderTM supports your investing in your children’s
education, TaxCharityTM your retirement and income needs, because we can, you can.
TaxCharityTM TSX Portfolios Update List – 15 January 2014
TSX Value 22K Firms 2012 Limits
Aimia Inc
Algonquin Power & Utilities Corp.$topLoss
CAE Inc. ($top-loss sold 26mar)
Cott Corporation ($top-loss sold 01may)
Canfor Corporation
Chartwell Seniors Housing Real Est. Investment Trust
Canexus Corporation
Denison Mines Corp. ($N* sold 15nov)
Dundee Precious Metals Inc. ($top-loss sold12apr)
Enerflex Ltd.
Great Canadian Gaming Corp
Heroux-Devtek Inc ($N* sold 04mar)
Dominion (Harry Winston) Diamond Corporation
Manitok Energy Inc
Maple Leaf Foods Inc.
Martinrea International Inc ($top-loss sold 20sep)
New Gold Inc. ($N* sold 04mar)
Jean Coutu Group (PJC) Inc.
Pason Systems Inc.
Trinidad Drilling Ltd.
Yamana Gold Inc. ($top-loss sold 12apr)
ARC Resources Ltd.
Ensign Energy Services Inc.
Precision Drilling Corporation
Page 4 of 7
Market
Price
Symbol
15.47
13.73
2.72
15.39
20.55
27.28
29.27
17.55
11.44
Stop/Loss
(Risk Price)
19.33 AIM
29.67
SF
AQN
CAE
BCB
CFP
CSH.UN
CUS
DML
DPM
EFX
GC
HRX
DDC
MEI
MFI
MRE
NGD
PJC.A
PSI
TDG
YRI
ARX
ESI
PD
February 2014 © 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.
$12
$6
$9
$8
$13
$7
$7
$1
$12
$12
$9
$8
$17
$3
$12
$8
$13
$15
$15
$7
$16
$28
$17
$9
$18
$7
$13
$8
$26
$10
$5
$1
$2
$14
$12
$10
$15
$2
$15
$7
$5
$17
$21
$9
$7
$27
$16
$9
- 5. “ Defend Your Capital, TaxCharityTM Update–15 February 2014
NuVista Energy Ltd. ($top-loss sold 20sep)
Air Canada
Hudsons Bay Company
Leon's Furniture Limited
NVA
6.00 AC.B
17.00 HBC
15.81 LNF
$7
$2
$17
$12
$6
$7
$16
$14
2.68 BLD
$1
$2
4.04 ANS
$3
$4
13.50 ADN
$10
$11
Buy-ins 30sep2013 *100 shares each
Ballard Power Systems Incorporated
Buy-ins 15nov2013 *100 shares each
Ainsworth Lumber Company Limited
Buy-ins 15dec2013 *100 shares each
Acadian Timber Corporation
TSX 2012 Portfolio Value 15 February 2014
26425.00 / 20235.00
(including dividends) / 01 December 2012
Net Cash * Carried after *100 shares Buy-ins 15dec2013
Net Cash * after 100 shares AC-B, HBC stoplost
Current Cash
Gain 14.5
months
34.01%
13.00
2300.00
2313.00
Buy-ins 15feb2014 *100 shares each
First Quantum Minerals Ltd.
Net Cash Carried after *100 shares Buy-ins 15feb2014
TSX 2012 Portfolio Value 15 February 2014
21.16 FM
$20
$18
197.00
26425.00 / 20235.00
(including dividends) / 01 December 2012
Gain 14.5
months
34.01%
(Pending Need for Change or investing new Savings)
Progressive Waste Solutions Ltd.
Shoppers Drug Mart Corporation
Transcontinental Inc.
AltaGas Ltd.
Black Diamond Group Limited
Canadian Energy Services & Technology Corp
Canadian 2013 RRSP limit
27.81
58.49
14.96
42.45
29.94
24.84
BIN
SC
TCL.A
ALA
BDI
CEU
$26
$48
$15
$40
$24
$20
$24
$54
$12
$39
$26
$20
CCT
CLC
CLS
HBC
HCG
FNV
GS
$58
$51
$9
$17
$60
$47
$29
$10
$16
$70
$42
$26
23820.00
Buy-ins 15sep2013 *100 shares each
Catamaran Corporation ($top-loss sold 18sep)
CML HealthCare Inc. (Bought by LifeLabs 01oct13)
Celestica Inc.
Hudsons Bay Company $top-loss seold 23jan
Home Capital Group Inc.
Franco-Nevada Corporation
Gluskin Sheff & Associates Inc ($N* sold 15nov)
10.60
17.00
88.00
57.01
Buy-ins 15oct2013 *100 shares each
Page 5 of 7
February 2014 © 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. “ Defend Your Capital, TaxCharityTM Update–15 February 2014
Calfrac Well Services Ltd.
Pacific Rubiales Energy Corp. N* $top-loss sell 15feb
33.41 CFW
16.57 PRE
$30
$24
$28
$16
15.64 ARE
10.66 NDN
$13
$8
$14
$9
21.82 RFP
$13
$18
Buy-ins 15nov2013 *100 shares each
Aecon Group Inc.
Nordion Inc.
Buy-ins 15dec2013 *100 shares each
Resolute Forest Products Inc
2013 TSX Portfolio Value 15 February 2014
28376.00 / 23820.00
(including dividends) / 15 September 2013
Net Cash Carried after *100 shares Buy-ins 15dec2013
Net Cash on HBC PRE sales *100 shares
Current Cash
Gain 5.0
months
19.13%
176.00
3357.00
4533.00
Buy-ins 15feb2014 *100 shares each
Acadian Timber Corporation
Altius Minerals Corporation
ATS Automation Tooling Systems Inc.
Net Cash Carried after *100 shares Buy-ins 15feb2014
2013 TSX Portfolio Value 15 February 2014
13.50 ADN
15.50 ALS
13.78 ATA
$11
$14
$13
255.00
28376.00 / 23820.00
(including dividends) / 15 September 2013
Engage in “likeables” save your own bacon.
$10
$9
$10
Gain 5.0
months
19.13%
Because we can, you can
Equities that tend to hold their value and gain are better than cash. We like Risk Aversion, Capital
Safety and Liquidity by investing in “likeables” because we have proven that works, consistently
obtaining both low risk and high gain. Market behaviour prefers the “likeables” trading above Risk
Price and bids up their price.
The conventional investment industry cannot prove any of their assumptions underlying their
supposed methods they sell you as if their “expertise”. As we have shown, luck is all that they trade
in, 1.03 to 1 is just a coin-toss. A tautology is just repetition until it appears to be logical. Lies told
often enough are expedient and can even become politically correct. They really are just rolling
dice and tossing cards when not seeing your pocket as their restraint, rather their opportunity for
their gaming. Do not loan them your pocket-book on empty promises they have never delivered.
What is the alternative to those Artful Dodgers so busy just blowing bubblesi with cash from your
wallet lost in their raging volatility? We are for the small investor. We shun the likely rude wealth
takers among corporate fiction doppelgängers under management that are not “likeables” because
we can reasonably identify those and shun them. They are overvalued, more price gossip driven
than there is demand for them. Our investment method is proven by long term portfolios gains
Page 6 of 7
February 2014 © 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.
- 7. “ Defend Your Capital, TaxCharityTM Update–15 February 2014
BookBuilder™ and TaxCharityTM portfolios are of just our lowest cost "likeables" our methods
identify. It is our proprietary information is given freely in charity to enable small investors to keep
their savings growing into their wealth. Our method is proven. Because we can, you can.
In our Modal Geometryii theory of the firm we make only two assumptions, clearly as follows:
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 by rigourous observation of corporate ledgers
relation to balance sheets as business process adds value. That is aided with logic, epistemology,
and some powerful mathematics. You have proof in these TaxCharityTM portfolios performances.
Our reasons for having any equity in our portfolios are clear, concise and consistent. “likeables”
tendency demonstrates 2 of 3 “likeables” gaining for the long term. This we show proof positive,
in our TaxCharityTM and BookBuilderTM portfolios continued gain. We extend our proprietary
information to small investors. Because we can, you can.
Know What You Have. 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
T2X 1G1
i
351 Chemin Boulanger
Sutton, PQ
J0E 2K0
450 538-1270
http://riskwerk.com/2013/10/14/asset-bubbles-day-october-14-2013/
ii
“The Modal Geometry of the Firm and the Balance Sheet Worth of the Trading Connections”, 2006, unpublished but available
from the author.
Page 7 of 7
February 2014 © 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.