Latest Expert Opinions

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
November 6, 2007
In the aerospace market this company is in a good position. More and more new planes are coming out and will require more pilots and training. Should have a number of years of good earnings and growing backlog. Would Buy more at $1 less.
CAE Inc (CAE-T)
November 6, 2007
In the aerospace market this company is in a good position. More and more new planes are coming out and will require more pilots and training. Should have a number of years of good earnings and growing backlog. Would Buy more at $1 less.
Michael Sprung
President, Sprung Investment Management
Price
$12.540
Owned
Yes
COMMENT
COMMENT
November 6, 2007
Selling at just over 2X book that looks like a relatively good Buy, but they have had problems with a few write-offs. The real problem has always been where is the growth in their business model going to come from. ROE of 16% is low compared to other banks.
Bank of Montreal (BMO-T)
November 6, 2007
Selling at just over 2X book that looks like a relatively good Buy, but they have had problems with a few write-offs. The real problem has always been where is the growth in their business model going to come from. ROE of 16% is low compared to other banks.
Michael Sprung
President, Sprung Investment Management
Price
$61.870
Owned
No
HOLD
HOLD
November 6, 2007
This is the cheapest of the big 5 banks at less than 2X Book Value. Their ROE is about 18% but there is a lot of worry about what they might be holding in terms of commercial paper etc. 4.5% yield.
This is the cheapest of the big 5 banks at less than 2X Book Value. Their ROE is about 18% but there is a lot of worry about what they might be holding in terms of commercial paper etc. 4.5% yield.
Michael Sprung
President, Sprung Investment Management
Price
$53.510
Owned
Yes
DON'T BUY
DON'T BUY
November 6, 2007
Being impacted a lot by the strong Cdn$. Feedstock and energy prices going forward will be a big worry for them. There is a fairly tight styrene market, but have not been able to pass the increased prices on. An extremely hard company to read.
Being impacted a lot by the strong Cdn$. Feedstock and energy prices going forward will be a big worry for them. There is a fairly tight styrene market, but have not been able to pass the increased prices on. An extremely hard company to read.
Michael Sprung
President, Sprung Investment Management
Price
$32.330
Owned
No
BUY
BUY
November 6, 2007
Both CNR and CP (CP-T) are measures of the economy as a whole and overall he feels the agriculture business is fairly strong. Moving of coal, ore and resources has also been very strong.
Both CNR and CP (CP-T) are measures of the economy as a whole and overall he feels the agriculture business is fairly strong. Moving of coal, ore and resources has also been very strong.
Michael Sprung
President, Sprung Investment Management
Price
$50.320
Owned
No
BUY
BUY
November 6, 2007
Proportionately less of their business is exposed to the US than that of CNR (CNR-T). Also liked their US acquisition but unfortunately it is going to take longer for the regulators to approve.
Proportionately less of their business is exposed to the US than that of CNR (CNR-T). Also liked their US acquisition but unfortunately it is going to take longer for the regulators to approve.
Michael Sprung
President, Sprung Investment Management
Price
$62.360
Owned
Yes