Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
August 22, 2018

He's been a fan for a while. Its troubles are behind them. He expects AD will announce serious investments by year's end that should revive investor confidence, but he also wants them to be careful with deploying capital. Management is sharp. He's hopeful and expects valuations in the mid/high-20s next year.

Alaris Royalty(AD-T)
August 22, 2018

He's been a fan for a while. Its troubles are behind them. He expects AD will announce serious investments by year's end that should revive investor confidence, but he also wants them to be careful with deploying capital. Management is sharp. He's hopeful and expects valuations in the mid/high-20s next year.

Michael Sprung
President, Sprung Investment Management
Price
$18.770
Owned
Yes
DON'T BUY
DON'T BUY
August 22, 2018

AMAZON or GOOGLE? Neither. As a value investor, he can't justify the high valuations of the FANG stocks. Value will become more important in the coming years. Momentum has had its day. These stocks can be vulnerable.

Amazon.com(AMZN-Q)
August 22, 2018

AMAZON or GOOGLE? Neither. As a value investor, he can't justify the high valuations of the FANG stocks. Value will become more important in the coming years. Momentum has had its day. These stocks can be vulnerable.

Michael Sprung
President, Sprung Investment Management
Price
$1904.900
Owned
No
DON'T BUY
DON'T BUY
August 22, 2018

AMAZON or GOOGLE? Neither. As a value investor, he can't justify the high valuations of the FANG stocks. Value will become more important in the coming years. Momentum has had its day. These stocks can be vulnerable.

AMAZON or GOOGLE? Neither. As a value investor, he can't justify the high valuations of the FANG stocks. Value will become more important in the coming years. Momentum has had its day. These stocks can be vulnerable.

Michael Sprung
President, Sprung Investment Management
Price
$1221.750
Owned
No
DON'T BUY
DON'T BUY
August 22, 2018

Gold is under pressure and the stocks have slid. Valuations are high. Gold is a nice hedge, but he would own only 3-5% gold in a portfolio. Gold is volatile.

Goldcorp Inc(G-T)
August 22, 2018

Gold is under pressure and the stocks have slid. Valuations are high. Gold is a nice hedge, but he would own only 3-5% gold in a portfolio. Gold is volatile.

Michael Sprung
President, Sprung Investment Management
Price
$14.520
Owned
Unknown
TOP PICK
TOP PICK
August 22, 2018

Exposed to Latin America which is sensitive to commodities. Trading at a lower book multiple than its peers and have strengthened its franchise here and abroad. Balance sheet is healthy. They've invested a lot into IT. It's not too late to buy Canadian banks, and still a good time given likely dividend increases and the fact that they are off their all-time highs. (4% dividend, $86.43 analysts' price target)

Exposed to Latin America which is sensitive to commodities. Trading at a lower book multiple than its peers and have strengthened its franchise here and abroad. Balance sheet is healthy. They've invested a lot into IT. It's not too late to buy Canadian banks, and still a good time given likely dividend increases and the fact that they are off their all-time highs. (4% dividend, $86.43 analysts' price target)

Michael Sprung
President, Sprung Investment Management
Price
$77.930
Owned
Yes
TOP PICK
TOP PICK
August 22, 2018

It pulled back with changes in the bakery business in the U.S. by optimizing production. Ownership of Loblaw is creeping past 50%, so shareholders can participate in Loblaw through WN. (1.9% yield, $121.13)

George Weston Ltd.(WN-T)
August 22, 2018

It pulled back with changes in the bakery business in the U.S. by optimizing production. Ownership of Loblaw is creeping past 50%, so shareholders can participate in Loblaw through WN. (1.9% yield, $121.13)

Michael Sprung
President, Sprung Investment Management
Price
$102.930
Owned
Yes
DON'T BUY
DON'T BUY
August 22, 2018

With all the lumber tariffs, he wouldn't get into this space. However, there's been a lot of home building that lumber companies have enjoyed. Current valuations are high. If there was a market setback, this space would be vulnerable. The BC fires have spiked the stock price, but the fires can eat into the supply areas.

West Fraser Timber(WFT-T)
August 22, 2018

With all the lumber tariffs, he wouldn't get into this space. However, there's been a lot of home building that lumber companies have enjoyed. Current valuations are high. If there was a market setback, this space would be vulnerable. The BC fires have spiked the stock price, but the fires can eat into the supply areas.

Michael Sprung
President, Sprung Investment Management
Price
$89.970
Owned
No