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 TOP PICK Must be logged in to use chart RY-T Royal Bank

Banks have largely been ignored in terms of their potential for throwing off free cash flow and increasing benefits to shareholders, whether through direct dividends or through international growth. Canadian banks tend to earn 15%-20% domestically on ROE, which throws off a lot of capital that has to be reinvested. It can’t all be reinvested in Canada. This bank has a large advantage there. Dividend yield of 3.9%. (Analysts’ price target is $102.)


Price:
$94.750
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-07-21 COMMENT Must be logged in to use chart SCC-T Sears Canada

At this time, this is a speculation not an investment. He wouldn’t invest money you can’t afford to lose, because there is a possibility this could go to zero. There is value within their brands, but the retail part of the company has failed. A lot of creditors are circling.


Price:
$0.620
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-21 PAST TOP PICK Must be logged in to use chart SU-T Suncor Energy Inc

(A Top Pick Aug 24/16. Up 9.04%.) He considers this to be the benchmark of the Canadian industry. This is still a Buy.


Price:
$38.420
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-07-21 COMMENT Must be logged in to use chart TECK.B-T Teck Resources Ltd. (B)

This has done fairly well over the last couple of years. They are a much different company than they were 10 years ago, when they were largely exposed to coal and coal shipments. He sold his holdings about 6 months ago. The markets they are involved in are extremely unpredictable. Met coal is very interesting, but China is producing at record rates. This would not be his choice within the sector.


Price:
$24.420
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-21 COMMENT Must be logged in to use chart WPM-T Wheaton Precious Metals

He looks at a number of these royalty companies, but when it comes down to it, it is the price that they sell for. They are very good businesses, but from a “price to cash flow point” of view, they always look fairly expensive. They have to keep finding longer-term investments that hopefully won’t be delayed too long coming into fruition. This has been one of the better managed of the group. If looking for a dividend stream over a period of time, this is probably a fairly safe investment. In terms of capital appreciation though, he would be a little wary. Trading at 28X forward earnings.


Price:
$25.090
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-06-07 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Markets have just continued to go up. Thinks a lot of investors have put a lot of stock into promises being carried through. There are some question marks beginning to surface. We saw it initially with healthcare a month or so ago. Going forward, we are likely to see a lot more of that. Whether it shakes some confidence in the market remains to be seen. Investors have to keep in mind that markets have generally been going up for almost 10 years, and we are probably due for a bit of a pause. Valuations are stretched and yet earnings seem to be doing all right. GDP growth numbers are strengthening, both in Canada and the US, so there are no immediate concerns. However, you never see it coming in advance. He thinks he would be more of a net seller than a net buyer because, as a value investor, he is finding it harder to find stocks that he thinks are selling at a good discount.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
_N/A
2017-06-07 COMMENT Must be logged in to use chart AD-T Alaris Royalty

 He still likes this. They have interests in what they call partner companies, where they issued preferred stocks on which they hope to make about 15%, and tend to pay out about 6%. This is really a long-term dividend growth story, but they’ve really stumbled in the last 1-1.5 years with a number of their partner investments, and it has taken longer to straighten out than anyone anticipated. It gives a generous yield, and doesn’t think the dividend is in any danger, at least for the time being. Still thinks there is significant capital appreciation in the stock. They’ve also started a “small-cap” division and he expects to see growth from this area as well. Dividend yield of 8.2%.


Price:
$19.780
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-06-07 PAST TOP PICK Must be logged in to use chart AGT-T AGT Food & Ingredients

(A Top Pick July 15/16. Down 24%.) A number of things have impacted this company. They had the supposedly fumigation problem with exports to India. Pulses are probably one of the fastest growing demand areas within the nutrition segments. They did very well last year, and the stock may have gotten ahead of itself. The 1st quarter was very disappointing. Rumours are that India is going to have a relatively poor crop, which is going to have them import more. At $25, it represents fairly good value.


Price:
$25.640
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-06-07 COMMENT Must be logged in to use chart AGU-T Agrium

Potash (POT-T) or Agrium (AGU-T)? Had really liked Agrium because of its diversification. Then he saw that they were going to merge with Potash. To him, the merger takes away a lot of the longer-term merits of Agrium, so he took profits. Not sure he would look at either one.


Price:
$122.770
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2017-06-07 COMMENT Must be logged in to use chart BCE-T BCE Inc.

In the short to intermediate term, this company is fine. The dividend yield is approaching 4.7%, pretty close to 5%, and that dividend is secure. If buying this as a conservative safety element, and part of an income profile, this is fine. He questions the longer-term business models of the telecoms. The Internet is changing a lot of things.


Price:
$60.410
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-06-07 COMMENT Must be logged in to use chart BMO-T Bank of Montreal

Canadian banks pretty much go in lockstep with each other, but there are deviations. When you look at their business mixes, they all are quite different businesses. The wildcard for a number of these banks has typically been the capital markets side, which tends to be a lot more volatile than earnings. He would not have any argument with somebody wanting to own this. (See Top Picks.)


Price:
$90.400
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2017-06-07 TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

Today you are buying this for Price/Book that is in the middle of the pack. Looking forward, it is at about 11X forward earnings. This has done a lot of restructuring over the last couple of years. They’ve put a lot of money into IT, and benefits have begun to show in the last quarter. Dividend yield of 4%. (Analysts’ price target is $85.)


Price:
$76.640
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-06-07 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

This has been a tremendous story ever since they bought Avery Labels years ago. It has become a real growth story, and would be quite vulnerable to any earnings disappointment. Extremely well-managed. There will be a 5 for 1 stock split coming.


Price:
$65.170
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2017-06-07 PAST TOP PICK Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

(A Top Pick July 15/16. Up 10%.) This has always managed to maintain a relative high capital base relative to the other banks, and has always had one of the better dividend yields. With the recent pullback, it is still a Buy.


Price:
$104.870
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-06-07 TOP PICK Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

It is hard to find value, but in the energy area amongst the seniors, if you have a 5-year time horizon, you are going to make good money. This is one that gives you that opportunity. Dividend yield of 2.8%. (Analysts’ price target is $52.50.)


Price:
$38.540
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
Showing 46 to 60 of 3,248 entries
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