Viewing Expert Michael Sprung | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Michael Sprung , President

Sprung Investment Management

Address
25 Adelaide Street East, Suite 500
Toronto, ON
M5C 3A1

Contact Info
Telephone: 416-934-7160
Email:
Website: http://www.sprunginvestment.com/


Date Signal Chart Symbol Company Opinion Price
2017-07-21 DON'T BUY Must be logged in to use chart CCL.B-T CCL Industries (B)

He admires this since it became a label company. It has done tremendously well. Unfortunately, when a company does as well as they have, people tend to build in expectations of growth rates that he does not believe are sustainable for a long period of time. It looks expensive.


Price:
$60.490
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-21 WEAK BUY Must be logged in to use chart DGC-T Detour Gold

Had a bit of the stumble about a year ago, which caused a delay in one of their mines. They seem to be getting past that now and things seem to be getting back on track. It could be a potential investment, but he wouldn’t put all his eggs in one basket.


Price:
$14.010
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-21 COMMENT Must be logged in to use chart DSG-T Descartes

A lot of technology companies sell beyond multiples he looks at as a value investor. This one has always been an extremely good company. They are at the forefront of their technology. Longer-term they are in a very good place. Trading at 52X forward earnings. You have to grow a whole lot to justify those kinds of multiples.


Price:
$30.790
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-21 TOP PICK Must be logged in to use chart ECA-T Encana Corp

Just reported and the street was impressed. This is one of North America’s leading energy producers with a diverse portfolio of plays in 4 critical areas, that are all doing extremely well. Assets they own are among the best in North America. They’ve improved their balance sheet in the last year or 2. They have a five-year plan to increase production and cash flow. Dividend yield of 0.7%. (Analysts’ price target is $12.25.)


Price:
$12.340
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-07-21 COMMENT Must be logged in to use chart FIH.U-T Fairfax India Holdings Corp

Prem Watsa for a long time has wanted to build a major business in India. He knows that the key success factor in building a business in India is the partners that he partners with. If anyone can do it, Prem probably can. For anyone looking at international exposure, this is probably not a bad one to take a hard look at.


Price:
$17.760
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-21 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

Well-managed. Made a large Texas acquisition a few years back which turned out very well. Then they bought the transmission assets. They have a good growth pattern ahead. You are buying a lot of US exposure now. He thinks they are in a good place at a good time. The stock has performed very well.


Price:
$44.800
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-07-21 COMMENT Must be logged in to use chart H-T Hydro One

This is a company where the government sets its rates, takes its cash flow. The flexibility that management has within Ontario is limited. You have to ask yourself, are you really buying equity or just buying a participation with a right to a dividend as it goes along. Making a US acquisition gives them an outlook for growth, and hopefully earn a better return on equities.


Price:
$22.650
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-21 PAST TOP PICK Must be logged in to use chart HBM-T Hudbay Minerals Inc.

(A Top Pick Aug 24/16. Up 48.05%.) Fairly priced. Has a lot of good things going. A large part of their CapX program went into developing Constancia, and that is now behind them. They’ve had some good news leading to the next development of permits and feasibility studies for Rosemont. They continue to have good projects on the horizon. Well-managed. If it pulled back about 15% he would add a little more to his position.


Price:
$8.400
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-07-21 PAST TOP PICK Must be logged in to use chart MFC-T Manulife Financial

(A Top Pick Aug 24/16. Up 48.26%.) Good management. New CEO has a lot of Asian experience. There has been recent speculation that the company may sell off some of the less performing assets that they’ve had in the US.


Price:
$25.250
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-07-21 COMMENT Must be logged in to use chart NA-T National Bank of Canada

This usually carries a pretty good yield relative to the other banks. They’ve always been a fairly conservatively managed bank, and are certainly not as regional as they used to be. Have a fairly strong capital ratio, and sell at a fairly reasonable multiple of book. He doesn’t see the possibility for growth and expansion that he can see in their larger competitors.


Price:
$56.130
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-21 COMMENT Must be logged in to use chart NFI-T New Flyer Industries Inc.

This has done extremely well. Once this got to around $50, it became fairly richly valued. Recently they were pre-announcing some pretty good numbers what they expected their deliveries to be in the current quarter. Municipalities need to replace and rejuvenate bus fleets. The coach industry seems to be doing fairly well. One of the few major manufacturers left in North America.


Price:
$52.150
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-07-21 COMMENT Must be logged in to use chart PKI-T Parkland Fuel Corp

He likes this company. Extremely well-run. They just completed the acquisition of the BC assets of Chevron. Have grown very smartly through acquisitions. He doesn’t own this currently because he would sooner be paying in the low $20s rather than the high $20s.


Price:
$27.830
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-21 COMMENT Must be logged in to use chart POT-T Potash Corp of Saskatchewan

Thinks the time has passed to get into this. As an ex-Agrium shareholder, he was disappointed on hearing of the merger. With the merger, this is going to blend the companies, and thinks they are going to be more potash weighted. Any of the benefits of this merger are already in the 2 stocks.


Price:
$22.560
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-21 COMMENT Must be logged in to use chart RCI.B-T Rogers Communcations (B)

Sell Rogers (RCI.B-T) and buy Bell (BCE-T)?A really interesting question, particularly with the 1st salvo we’ve had from the trade negotiations were the US has said that they want to have greater access to our telecommunications industry. In that case, he’s not sure you want to own any of these. His preference would be with Bell, but only because it is dominant within the wireless industry. He feels Bell would be a little more secure in the longer-term.


Price:
$65.890
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-21 DON'T BUY Must be logged in to use chart REI.UN-T RioCan Real Estate Investment

You can’t analyse this the way you used to. Dynamics of the retail industry and commercial space are changing so rapidly, that given the properties this company has, are now subject to changes that are happening within the businesses that it serves. He would not look at this one.


Price:
$24.180
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
Showing 31 to 45 of 3,248 entries
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