Latest Expert Opinions

Signal
Opinion
Expert
PARTIAL BUY
PARTIAL BUY
January 15, 2019
In a good position now. Commodity companies valuations and multiples are very low. But ask what is the stability of earnings. TECK is well positioned, balance sheet's in better shape. Good exposure to copper and coal. Multiples are attractive enough that long-term investors can start to chip away at it.
In a good position now. Commodity companies valuations and multiples are very low. But ask what is the stability of earnings. TECK is well positioned, balance sheet's in better shape. Good exposure to copper and coal. Multiples are attractive enough that long-term investors can start to chip away at it.
Michael Sprung
President, Sprung Investment Management
Price
$30.000
Owned
Unknown
COMMENT
COMMENT
January 15, 2019
Very cheap at 0.3x book. But on other hand, why is it so cheap? Cut budget and dividend, which was eating up cash flow. Now that it's happened, market could be breathing a sigh of relief. Don't put all eggs in one basket here. Fairly compelling valuation.
Very cheap at 0.3x book. But on other hand, why is it so cheap? Cut budget and dividend, which was eating up cash flow. Now that it's happened, market could be breathing a sigh of relief. Don't put all eggs in one basket here. Fairly compelling valuation.
Michael Sprung
President, Sprung Investment Management
Price
$4.440
Owned
Unknown
COMMENT
COMMENT
January 15, 2019
Gold price is firmer than it has been. Could be a better year for gold. YRI had good production numbers today. Not his first choice. But overall, we're going to see more activity than we've seen in quite some time.
Yamana Gold Inc.(YRI-T)
January 15, 2019
Gold price is firmer than it has been. Could be a better year for gold. YRI had good production numbers today. Not his first choice. But overall, we're going to see more activity than we've seen in quite some time.
Michael Sprung
President, Sprung Investment Management
Price
$3.200
Owned
No
WATCH
WATCH
January 15, 2019
Stock's been beaten up. Sold half his position. Drop is a bit overdone. Slowing economy is having an impact. Well balanced between Canada and US. Fairly efficient. Could look at it at this level.
Stock's been beaten up. Sold half his position. Drop is a bit overdone. Slowing economy is having an impact. Well balanced between Canada and US. Fairly efficient. Could look at it at this level.
Michael Sprung
President, Sprung Investment Management
Price
$33.960
Owned
Yes
DON'T BUY
DON'T BUY
January 15, 2019
Market cap is valuation that people put on companies, based on future profits and cash flow. SNC does mostly "cost plus" contracts, so margin is built in. Exposed to Middle East, not a favourable place. Some issues with CRA, and how they got contracts. He'd be wary. If you think the economies are slowing, there may be better opportunities to buy companies like this.
Market cap is valuation that people put on companies, based on future profits and cash flow. SNC does mostly "cost plus" contracts, so margin is built in. Exposed to Middle East, not a favourable place. Some issues with CRA, and how they got contracts. He'd be wary. If you think the economies are slowing, there may be better opportunities to buy companies like this.
Michael Sprung
President, Sprung Investment Management
Price
$47.330
Owned
Unknown
HOLD
HOLD
January 15, 2019
Still favours it, but not a buy right here. Tremendous yield at 8.61%. Dividend's not in particular jeopardy. A hold right now. For pipeline stocks, the multiples and the leverage always look high, but that's how these companies exist, they borrow to build. As long as throughput is maintained, they're in good shape.
Inter Pipeline(IPL-T)
January 15, 2019
Still favours it, but not a buy right here. Tremendous yield at 8.61%. Dividend's not in particular jeopardy. A hold right now. For pipeline stocks, the multiples and the leverage always look high, but that's how these companies exist, they borrow to build. As long as throughput is maintained, they're in good shape.
Michael Sprung
President, Sprung Investment Management
Price
$20.950
Owned
Yes
BUY
BUY
January 15, 2019
He likes this one. Has had problems over the last few years with partner investments, but people are looking too much at the past and not at the future. Key is how efficiently can they deploy capital. Generous dividend was just increased, and management wouldn't have done this if there was the possibility of a cut. Positive resets on preferreds will produce more cash. (Analysts’ price target is $21.07)
Alaris Royalty(AD-T)
January 15, 2019
He likes this one. Has had problems over the last few years with partner investments, but people are looking too much at the past and not at the future. Key is how efficiently can they deploy capital. Generous dividend was just increased, and management wouldn't have done this if there was the possibility of a cut. Positive resets on preferreds will produce more cash. (Analysts’ price target is $21.07)
Michael Sprung
President, Sprung Investment Management
Price
$18.190
Owned
Unknown