Latest Expert Opinions

Signal
Opinion
Expert
SELL
SELL
February 21, 2012
It never hurts to take profits when you have them. IN the drug retail trade, Alberta is going to review their drug reimbursement as did Ontario in the past. But this one has things going well, same store sales going up. They have retrenched from the bad experience in the US and done better. Multiples are not that huge. If you are really long term focused, they will do ok, but after this run he would be tempted to take profits.
It never hurts to take profits when you have them. IN the drug retail trade, Alberta is going to review their drug reimbursement as did Ontario in the past. But this one has things going well, same store sales going up. They have retrenched from the bad experience in the US and done better. Multiples are not that huge. If you are really long term focused, they will do ok, but after this run he would be tempted to take profits.
Michael Sprung
President, Sprung Investment Management
Price
$12.770
Owned
No
HOLD
HOLD
February 21, 2012
Are exposed half and half to oil and Nat Gas. Nat gas has been so depressed that companies with an exposure have been hurt. PGF’s last quarter was in line and dividend is all right for the time being. Would hold for the long term.
Pengrowth Energy (PGF-T)
February 21, 2012
Are exposed half and half to oil and Nat Gas. Nat gas has been so depressed that companies with an exposure have been hurt. PGF’s last quarter was in line and dividend is all right for the time being. Would hold for the long term.
Michael Sprung
President, Sprung Investment Management
Price
$10.020
Owned
Unknown
BUY
BUY
February 21, 2012
Over the next couple of years, if things continue to go fairly well with commodity prices, it could do well. Strong balance sheet, improved over the last few years. Paying a dividend now. Good time to step in, but favourite is Hud Bay.
Over the next couple of years, if things continue to go fairly well with commodity prices, it could do well. Strong balance sheet, improved over the last few years. Paying a dividend now. Good time to step in, but favourite is Hud Bay.
Michael Sprung
President, Sprung Investment Management
Price
$39.440
Owned
No
BUY
BUY
February 21, 2012
Likes it for the long term. Will be a beneficiary o the demise of the Canadian wheat board. More people will want to sell through them. Will be competitive within that business. Likes the balance between North Hemisphere and South Hemisphere. He will stick with it. Could do well over the next few years.
Viterra Inc (VT-T)
February 21, 2012
Likes it for the long term. Will be a beneficiary o the demise of the Canadian wheat board. More people will want to sell through them. Will be competitive within that business. Likes the balance between North Hemisphere and South Hemisphere. He will stick with it. Could do well over the next few years.
Michael Sprung
President, Sprung Investment Management
Price
$10.330
Owned
Unknown
BUY
BUY
February 21, 2012
One of his largest holdings in the oil sector. A top pick in the past. Are the dominant player in the Canadian oil patch. Underwent a lot of change since the Petro Can takeover. Improvement in refining margins. There is real value in them going forward. Market is hesitant to give them the value they are due.
Suncor Energy Inc (SU-T)
February 21, 2012
One of his largest holdings in the oil sector. A top pick in the past. Are the dominant player in the Canadian oil patch. Underwent a lot of change since the Petro Can takeover. Improvement in refining margins. There is real value in them going forward. Market is hesitant to give them the value they are due.
Michael Sprung
President, Sprung Investment Management
Price
$34.740
Owned
Yes
BUY
BUY
February 21, 2012
Their recent quarter was a bit of a disappointment to the market. He would hold on to it. Has done an excellent job of making mortgages available to self-employed people. Will do well longer time. Speculation over housing prices in Canada would be a risk but their ratios are quite low, so it’s not really a problem. He is sniffing around this one.
Home Capital Group (HCG-T)
February 21, 2012
Their recent quarter was a bit of a disappointment to the market. He would hold on to it. Has done an excellent job of making mortgages available to self-employed people. Will do well longer time. Speculation over housing prices in Canada would be a risk but their ratios are quite low, so it’s not really a problem. He is sniffing around this one.
Michael Sprung
President, Sprung Investment Management
Price
$49.670
Owned
No
DON'T BUY
DON'T BUY
February 21, 2012
You are dealing with one commodity and betting on the demand of that one commodity. As economy picks up the ag space should also pick up. It will look attractive around these levels. He prefers more diversified investments in this space.
You are dealing with one commodity and betting on the demand of that one commodity. As economy picks up the ag space should also pick up. It will look attractive around these levels. He prefers more diversified investments in this space.
Michael Sprung
President, Sprung Investment Management
Price
$46.880
Owned
No