Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 24, 2018

(Past Top Pick Sept. 13, 2017, 0% return) A diversified company. They've made large acquisitions in U.S. power. He still likes it and owns it. True, utilities are exposed to interest rate rises, but he has faith in Fortis' management. He likes their U.S. exposure.

Fortis Inc. (FTS-T)
October 24, 2018

(Past Top Pick Sept. 13, 2017, 0% return) A diversified company. They've made large acquisitions in U.S. power. He still likes it and owns it. True, utilities are exposed to interest rate rises, but he has faith in Fortis' management. He likes their U.S. exposure.

Michael Sprung
President, Sprung Investment Management
Price
$43.840
Owned
Yes
COMMENT
COMMENT
October 24, 2018

He would do more homework on this. It used to be a stellar Canadian REIT, but their main investments, commercial properties, have been hit by technological disruptions. They are now moving into residential properties, which is good.
Well-managed and pays a good dividend yield below 6%. They manage their balance sheet well. Could be quite an interesting investment.

He would do more homework on this. It used to be a stellar Canadian REIT, but their main investments, commercial properties, have been hit by technological disruptions. They are now moving into residential properties, which is good.
Well-managed and pays a good dividend yield below 6%. They manage their balance sheet well. Could be quite an interesting investment.

Michael Sprung
President, Sprung Investment Management
Price
$23.970
Owned
No
DON'T BUY
DON'T BUY
October 24, 2018

A stock price can pull back for many reasons: the market itself or your initial analysis was wrong. It happens to everyone. When to cut your losses? What are the prospects of this company going forward vs. other investments. Westshre had a good last quarter, but they are volatile. They are exposed on the west coat to coal shipping. Pays a modest 2.6% dividend. He has no plans to buy it. He doesn't know if it has downside risk, but its upside is limited.

A stock price can pull back for many reasons: the market itself or your initial analysis was wrong. It happens to everyone. When to cut your losses? What are the prospects of this company going forward vs. other investments. Westshre had a good last quarter, but they are volatile. They are exposed on the west coat to coal shipping. Pays a modest 2.6% dividend. He has no plans to buy it. He doesn't know if it has downside risk, but its upside is limited.

Michael Sprung
President, Sprung Investment Management
Price
$24.620
Owned
No
DON'T BUY
DON'T BUY
October 24, 2018

They've had issues with mortgages in the past two years. Pays a generous dividend. Is a smaller Canadian bank. But when he consider banks, he doesn't look at LB, especially now during rising interest rates.

Laurentian Bank (LB-T)
October 24, 2018

They've had issues with mortgages in the past two years. Pays a generous dividend. Is a smaller Canadian bank. But when he consider banks, he doesn't look at LB, especially now during rising interest rates.

Michael Sprung
President, Sprung Investment Management
Price
$40.770
Owned
No
BUY
BUY
October 24, 2018

It's badly lagging the other Canadian banks. It's been oversold to the point of being highly attractive. Good 4.8% yield and PB value. Yes, they are exposed to Latin America, but BNS is making a lot of effort in fintech and wealth
management through the Jarislowsky purchase. Now, BNS is a buying opportunity.

It's badly lagging the other Canadian banks. It's been oversold to the point of being highly attractive. Good 4.8% yield and PB value. Yes, they are exposed to Latin America, but BNS is making a lot of effort in fintech and wealth
management through the Jarislowsky purchase. Now, BNS is a buying opportunity.

Michael Sprung
President, Sprung Investment Management
Price
$69.150
Owned
Yes
HOLD
HOLD
October 24, 2018

The pipelines have all been hit, because of problems in building them in Canada. These companies are also highly levered, thus sensitive to interest rate hikes. IPL's dividend is safe. They have other assets they are building and so these will add more revenues. This is one of the few pipelines he owns. Hold onto this and reap the dividend. This is a long-term prospect.

Inter Pipeline (IPL-T)
October 24, 2018

The pipelines have all been hit, because of problems in building them in Canada. These companies are also highly levered, thus sensitive to interest rate hikes. IPL's dividend is safe. They have other assets they are building and so these will add more revenues. This is one of the few pipelines he owns. Hold onto this and reap the dividend. This is a long-term prospect.

Michael Sprung
President, Sprung Investment Management
Price
$21.940
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 24, 2018

(Past Top Pick Sept. 13, 2017, Up 4%) He's expecting a lot more from this company. It's been in the woodshed for a while, falling to around $15 from the high-$20's. Investors are regaining their confidence in ALA who had trouble with some companies they invested in. They have since resolved that and cut loose those troubled companies. So, how will they now deploy their capital? Lately, AD they have been some good deployments. AD is on its way to recovery and he sees significant capital appreciation coming.

Alaris Royalty (AD-T)
October 24, 2018

(Past Top Pick Sept. 13, 2017, Up 4%) He's expecting a lot more from this company. It's been in the woodshed for a while, falling to around $15 from the high-$20's. Investors are regaining their confidence in ALA who had trouble with some companies they invested in. They have since resolved that and cut loose those troubled companies. So, how will they now deploy their capital? Lately, AD they have been some good deployments. AD is on its way to recovery and he sees significant capital appreciation coming.

Michael Sprung
President, Sprung Investment Management
Price
$19.270
Owned
Yes