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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Michael Sprung commented about whether K.TO, GMP.TO, S.TO, CP.TO, OIL.V, TRE.TO, TCM.TO, STN.TO, ATRL.TO, ARE.TO, SJR.B.TO, CAE.TO, JPM, PCA.TO, KFS.TO, BA.TO, TIM.TO, POT.TO, IMN.TO, RCI.B.TO, VLO, CIX.UN.TO, G.TO, CM.TO, TLM.TO, SLF.TO, CPG.TO, TRI.TO are stocks to buy or sell.
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TOP PICK
(A Top Pick Aug 31/07. Down 18%.) Got hit by the crisis in the financial sector. Earnings in their financial sector slowed from 9% to 7% last quarter but that is still positive organic growth. Offsetting the financial sector is there legal sector, which should do very well. Profitability is increasing. Cash flow could be well over $2 in the next few years and perhaps even $2.50.
Michael SprungOwned
publishingprinting
TOP PICK
Major player in the Bakken field. Substantial production possibilities over the next few years. Have a lot of tax pools so it will be a long time before they pay any tax. Payout ratio is very modest at 70% but could drop to 55% based on cash flows.
Michael SprungOwned
oilgas
TOP PICK
Relative to other major lifecos they are very inexpensive at 1.3X BV. Should be able to earn 13%-14% over the next couple of years. Very compelling price and a good time to get in. Earnings should be north of $4 in the next couple of years.
Michael SprungOwned
insurance
PAST TOP PICK
(A Top Pick Aug 31/07. Up 2%.) Valuation is very compelling at these levels. Production over the next 2 or 3 years should go up substantially. Globally diversified. Cash flow should be well over $6 in the next couple of years. Still a Buy.
Michael SprungOwned
oilgas
PAST TOP PICK
(A Top Pick Aug 31/07. Down 35%.) Current valuation is ridiculous. This is a retail bank and retail is 70%-75% of their operations. Should earn over $7 in cash earnings this year and $7.50 next year. Still a Buy.
Michael SprungOwned
banks
BUY
Diversified portfolios should have some exposure to gold. If the US$ continues to devalue against major currencies over the next couple of years, gold will remain a relatively attractive asset. This company's production profile for the next few years is one of the best. One of the lowest cost producers.
Michael SprungOwned
precious metals
WAIT
Profits are predicted to go up from $1.50 last year to over $2.50 for the next 2 years. With the new Spectrum auction, there will be new, very substantial international players coming in. the iPhone is great, but he is not sure of the margin they'll be earning. Looks quite attractive from a valuation point of view.
Cable
WAIT
Despite good increases in volumes of sales, costs have been squeezing them even more. Also been hit with higher taxes. Trading at a reasonable multiple of about 1.5X BV. Earnings over the next couple of years should go from $8.40 to well over $9 assuming the materials sector hangs in. Not a bad time to look at it but try to buy at $48.
integrated mines
DON'T BUY
Selling at extremely rich multiples based upon earnings going from $4 to over $12 or even $20 if everything goes well over the next couple of years. Pretty high multiple on trailing earnings and on any disappointment this stock could have quite a punishment effect on your portfolio. Too much risk and not enough reward.
integrated mines
DON'T BUY
Recent results were very disappointing and stock got brutally punished. A real “show me” stock. They say they can make silica cheaper with higher volumes than anyone else and yet they recently announced contamination in the process and costs were out of line. If it works, you'll make a lot of money but if it doesn't it won't be worth much.
misc industrial products
DON'T BUY
BUY
Recently been buying more. Stock was oversold and is selling at half of BV. Historically have been this low in the past but moved up to be selling at 1.5X BV. US subsidiary Lincoln caused most of their grief and hopefully this is now over. Core underlying earnings of roughly $.40 a quarter but with write-downs this year will be flat. Expecting earnings to be well in excess of $1 maybe $1.50 next year and going forward.
Michael SprungOwned
insurance
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