Michael Sprung
Member since: Oct '00
President at
Sprung Investment Management
Sprung Investment Management
3621 Opinions
Latest Top Picks
(A Top Pick Aug 22/18, Down 3%) He continues to own and recommend it. We have seen some of the banks pull back in the last little while. It is trading between 1.3 and 1.4 times book. Their south American exposure slowed them down a bit. They are a well capitalized bank. He would continue to recommend it.
(A Top Pick Aug 22/18, Down 27%) Even the heavy weights have reflected the environment they are in. It is still solidly producing positive cash flow.
(A Top Pick Aug 22/18, Up 10%) They also have the bakery side of the business where they have invested a lot into the business. A lot of it depends on L-T plus exposure to CHP.UN-T. He would highly recommend it at $100. They are the dominant player in the Canadian grocery business.
They recently had a major setback in the permitting of the Rosemont mine. At these levels this stock is down and out for the count, but they would be good long term. They are going to survive but have suffered as of late.
They surprised everybody in the last quarter with earnings. You get over 5.5% yield. The valuation of this banks is out of kilter with the other banks. People are concerned that they are too Canada-centric. At this price it is his Top Pick. It is a screaming buy at $100. (Analysts’ price target is $110.94)
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September 9, 2019
Market. He has gotten really cautious. Volatility is building up. Trade wars are affecting companies, and the whole investment climate is freezing up in terms of business investment. We have a crazy interest rate climate. The last thing we want is another financial crisis. This is a time investors need to be really cognizant of companies they are investing in. It will become a very value driven market.
Market. He has gotten really cautious. Volatility is building up. Trade wars are affecting companies, and the whole investment climate is freezing up in terms of business investment. We have a crazy interest rate climate. The last thing we want is another financial crisis. This is a time investors need to be really cognizant of companies they are investing in. It will become a very value driven market.
Michael Sprung
President, Sprung Investment Management
BUY
BUY
September 9, 2019
He likes it but recently took some profits. It is a really well run company. They have been doing well in the civil side. In the future they are going to do even better. In the long term he thinks they will continue to prosper. The 737-Max will put more emphasis on training.
He likes it but recently took some profits. It is a really well run company. They have been doing well in the civil side. In the future they are going to do even better. In the long term he thinks they will continue to prosper. The 737-Max will put more emphasis on training.
transportation equip & components
BUY
BUY
September 9, 2019
It is a very well positioned company, very good management. They can continue to pay that dividend. He has a lot of confidence in this company. This will perform well if the oil industry comes back. (Analysts’ price target is $32.00)
It is a very well positioned company, very good management. They can continue to pay that dividend. He has a lot of confidence in this company. This will perform well if the oil industry comes back. (Analysts’ price target is $32.00)
oil/gas
BUY WEAKNESS
BUY WEAKNESS
September 9, 2019
He has done extremely well on it over the last number of years. In the last quarter they were behind expectations but it is just weather related. They are diversified. They have positioned themselves so a lot of operations are in the US now. He thinks he will see future dividend increases coming out of this company. Take a long term view.
He has done extremely well on it over the last number of years. In the last quarter they were behind expectations but it is just weather related. They are diversified. They have positioned themselves so a lot of operations are in the US now. He thinks he will see future dividend increases coming out of this company. Take a long term view.
electrical utilities
BUY WEAKNESS
BUY WEAKNESS
September 9, 2019
They dominate parcel delivery within Canada. They just got a big contract with AMZN-Q. If we head into a slowdown in the next while then you will find better entry levels in this stock to come.
They dominate parcel delivery within Canada. They just got a big contract with AMZN-Q. If we head into a slowdown in the next while then you will find better entry levels in this stock to come.
Transportation & Environmental Services
BUY
BUY
September 9, 2019
He is a fan of this company. He continues to recommend it. It is coming into its stride now. Longer term this is a company that is uniquely positioned. Lately they have demonstrated that they can deploy capital efficiency. Dividends may begin to increase again over the next couple of years.
He is a fan of this company. He continues to recommend it. It is coming into its stride now. Longer term this is a company that is uniquely positioned. Lately they have demonstrated that they can deploy capital efficiency. Dividends may begin to increase again over the next couple of years.
Financial Services
HOLD
HOLD
September 9, 2019
He admires the company. The problem the market has is that the earnings can be so erratic. In the latest quarter they had some non-cash gains due to consolidation. The value of the stock will follow the underlying book value of the company which has continued to climb over the years.
He admires the company. The problem the market has is that the earnings can be so erratic. In the latest quarter they had some non-cash gains due to consolidation. The value of the stock will follow the underlying book value of the company which has continued to climb over the years.
insurance
COMMENT
COMMENT
September 9, 2019
They had some recent improvements in equipment sales. They need a catalyst for people to be interested in this stock. Overall he thinks it is well run and they should do all right. They need the resource market to be doing well.
They had some recent improvements in equipment sales. They need a catalyst for people to be interested in this stock. Overall he thinks it is well run and they should do all right. They need the resource market to be doing well.
wholesale distributors
BUY
BUY
September 9, 2019
He likes both companies. There was always a concern about ENB-T being able to finance their projects but they keep proving they can. He believes they will continue to perform fairly well. They are an attractive yield play.
He likes both companies. There was always a concern about ENB-T being able to finance their projects but they keep proving they can. He believes they will continue to perform fairly well. They are an attractive yield play.
oil/gas pipelines
BUY
BUY
September 9, 2019
He likes both companies. There was always a concern about ENB-T being able to finance their projects but they keep proving they can. He believes they will continue to perform fairly well. They are an attractive yield play.
He likes both companies. There was always a concern about ENB-T being able to finance their projects but they keep proving they can. He believes they will continue to perform fairly well. They are an attractive yield play.
oil pipelines
COMMENT
COMMENT
September 9, 2019
banks
PAST TOP PICK
PAST TOP PICK
September 9, 2019
(A Top Pick Aug 22/18, Down 3%) He continues to own and recommend it. We have seen some of the banks pull back in the last little while. It is trading between 1.3 and 1.4 times book. Their south American exposure slowed them down a bit. They are a well capitalized bank. He would continue to recommend it.
(A Top Pick Aug 22/18, Down 3%) He continues to own and recommend it. We have seen some of the banks pull back in the last little while. It is trading between 1.3 and 1.4 times book. Their south American exposure slowed them down a bit. They are a well capitalized bank. He would continue to recommend it.
banks
PAST TOP PICK
PAST TOP PICK
September 9, 2019
(A Top Pick Aug 22/18, Down 27%) Even the heavy weights have reflected the environment they are in. It is still solidly producing positive cash flow.
(A Top Pick Aug 22/18, Down 27%) Even the heavy weights have reflected the environment they are in. It is still solidly producing positive cash flow.
oil/gas
PAST TOP PICK
PAST TOP PICK
September 9, 2019
(A Top Pick Aug 22/18, Up 10%) They also have the bakery side of the business where they have invested a lot into the business. A lot of it depends on L-T plus exposure to CHP.UN-T. He would highly recommend it at $100. They are the dominant player in the Canadian grocery business.
(A Top Pick Aug 22/18, Up 10%) They also have the bakery side of the business where they have invested a lot into the business. A lot of it depends on L-T plus exposure to CHP.UN-T. He would highly recommend it at $100. They are the dominant player in the Canadian grocery business.
food processing
BUY
BUY
September 9, 2019
It has been trending down. They are one of the better managed companies. They had good results last quarter, but no one seems to care. He highly recommends it at these levels. If the energy market turns at all, they will do quite well. 9.6% yield. (Analysts’ price target is $11.00)
It has been trending down. They are one of the better managed companies. They had good results last quarter, but no one seems to care. He highly recommends it at these levels. If the energy market turns at all, they will do quite well. 9.6% yield. (Analysts’ price target is $11.00)
oil/gas
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