Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 22, 2018

They've gone through such a transformation in the past few years. Until the dust settles and they know how they are, don't invest in it.

General Electric(GE-N)
February 22, 2018

They've gone through such a transformation in the past few years. Until the dust settles and they know how they are, don't invest in it.

Michael Sprung
President, Sprung Investment Management
Price
$14.490
Owned
No
DON'T BUY
DON'T BUY
February 22, 2018

Sold it, but it's continued to do well and reported a strong quarter. It looks positive in the short-term, but valuations are trading around 4x book, which is out of his league.

Waste Connections(WCN-T)
February 22, 2018

Sold it, but it's continued to do well and reported a strong quarter. It looks positive in the short-term, but valuations are trading around 4x book, which is out of his league.

Michael Sprung
President, Sprung Investment Management
Price
$89.220
Owned
No
TOP PICK
TOP PICK
February 22, 2018

[A TOP PICK] Lost its premium valuation recently partly due to exposure to Mexico which makes 6% of their profits and NAFTA talks are an uncertainty. But since Porter has taken over as CEO, BNS has become more efficient as it puts more money in technology. With rising rates, banks should so well. Also, loan losses have not spiked. 4.05% yield. (Analyst's price target is $89.14.)

Bank of Nova Scotia(BNS-T)
February 22, 2018

[A TOP PICK] Lost its premium valuation recently partly due to exposure to Mexico which makes 6% of their profits and NAFTA talks are an uncertainty. But since Porter has taken over as CEO, BNS has become more efficient as it puts more money in technology. With rising rates, banks should so well. Also, loan losses have not spiked. 4.05% yield. (Analyst's price target is $89.14.)

Michael Sprung
President, Sprung Investment Management
Price
$78.010
Owned
Yes
TOP PICK
TOP PICK
February 22, 2018

He normally doesn't pick telcos as top picks, but this one offers increasing cash flow for the next few years. It's the dominant player in this space and will do well. One headwind could be upcoming CRTC spectrum hearings which could present a buying opportunity for new buyers. 5.4% yield. (Analyst's price target is $60.71.)

BCE Inc.(BCE-T)
February 22, 2018

He normally doesn't pick telcos as top picks, but this one offers increasing cash flow for the next few years. It's the dominant player in this space and will do well. One headwind could be upcoming CRTC spectrum hearings which could present a buying opportunity for new buyers. 5.4% yield. (Analyst's price target is $60.71.)

Michael Sprung
President, Sprung Investment Management
Price
$56.120
Owned
Yes
TOP PICK
TOP PICK
February 22, 2018

It's come off so much that it's finally reached a point where he can recommend it. Secure yield. Well-managed. He's confident they can reach their target to increase their dividend 10% through 2020. Have a project backlog of $22 billion. 6.2% yield (Analyst’s price target is $56.)

Enbridge(ENB-T)
February 22, 2018

It's come off so much that it's finally reached a point where he can recommend it. Secure yield. Well-managed. He's confident they can reach their target to increase their dividend 10% through 2020. Have a project backlog of $22 billion. 6.2% yield (Analyst’s price target is $56.)

Michael Sprung
President, Sprung Investment Management
Price
$43.300
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 22, 2018

(A Top Pick Dec 19/17, Up 0.39%)  The market hasn’t favoured them and so he exited in January.  The weaker US$ favours the large caps.

(A Top Pick Dec 19/17, Up 0.39%)  The market hasn’t favoured them and so he exited in January.  The weaker US$ favours the large caps.

Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$152.000
Owned
No
PAST TOP PICK
PAST TOP PICK
February 22, 2018

(A Top Pick Dec 19/17, Up 5%)  The market has turned when the large caps have failed to perform.  The seasonal period has finished but we are still on track.  Hold it and wait for a secondary pull back with techs next month.

Power Share QQQQ ETF(QQQ-Q)
February 22, 2018

(A Top Pick Dec 19/17, Up 5%)  The market has turned when the large caps have failed to perform.  The seasonal period has finished but we are still on track.  Hold it and wait for a secondary pull back with techs next month.

Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$164.800
Owned
Yes