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Today, Michael Sprung commented about whether ENB-T, WN-T, SLF-T, PEY-T, BPY.UN-T, TD-T, WEF-T, IFP-T, WFG-T, AD-T, NFI-T, BB-T, ECA-T, HBM-T, PD-T, SLF-T, FTT-T, IPL-T, ATD.B-T, BAM.A-T, CAE-T, BCE-T, VET-T, RCI.B-T are stocks to buy or sell.

WAIT
Canadian Railways. He does not have much of a position in either one right now. The multiples are not bad right now. He prefers CNR-T right now for its foot print and the yield. They are captive to what the general economy does to a great extent. He would wait and see with both of them. If either pulled back 15-20% he would take a more serious look at them.
Unknown
DON'T BUY
They have been an amazing company in terms of expansion in terms of both acquisition and organic growth. We have seen significant increases in pricing they have at convenience stores. On the other hand, their multiples are getting high. He'd be careful just based on valuation at this juncture.
food stores
BUY
Inter Pipeline
He feels the dividend is safe. They have enough expansion over the next few years that their cash flows should increase. It is reflecting fairly good value at this level.
oil pipelines
DON'T BUY
Finning Int
You are dependent on a lot of mining and infrastructure for oil and gas. He does not see any compelling reason to jump into it at these levels.
wholesale distributors
PAST TOP PICK
(A Top Pick May 30/18, Up 3%) He liked it then and likes it even more now. Lifecos are a good defensive play at this time, especially when they are all so well capitalized.
insurance
PAST TOP PICK
Precision Drilling
(A Top Pick May 30/18, Down 52%) It is not working out at all. It still has potential in the portfolio and he has not bailed out of it. The leverage on the industry is huge. It is a high risk / high reward play. The payout down the road on a small part of your portfolio could be quite huge.
oil / gas field services
PAST TOP PICK
Hudbay Minerals
(A Top Pick May 30/18, Down 19%) It has been up and down over the last year. It is still one of his favourite stocks within the metals and minerals. They did a great deal to clean up operations in Manitoba. There is potential for increases in cash flows down the road. He'd stick with it.
precious metals
BUY
Encana Corp
Foreign investors are fleeing the country and now this company is doing so because it is now very much an American company after recent acquisitions. He would recommend this company at these levels. It is trading at about 10 times earnings and a slight discount to book value. Any kind of good news in Canada will bode well for this stock.
oil / gas
DON'T BUY
BlackBerry
This is a company that has struggled over the last 10 years to turn around. People are now saying 'where are the earnings and benefits for the shareholders'. He does not know what is going to happen but can't build a fundamental case for owning it.
electrical / electronic
HOLD
They bought a UK company with their largest markets being the UK and Hong Kong. Those two markets have been depressed. It could turn out in the long run to be a very good move for NFI-T. He thinks their dividend is fairly safe at these levels. Longer term he thinks they are in a good position.
Automotive
BUY
Alaris Royalty Corp
He would be a buyer at this time. They just recently shored up their capital. The dividend is safe for the time-being. They can make some significant investments over the next while. Under $20 it is a good buy.
Financial Services
BUY

Canadian Forestry stocks. Here is an industry that is in a bit of oversupply. Curtailing production should be good in the short term. We are seeing all of these stocks selling towards their lows rather than highs. CFF is selling at a fraction of the book value. They have had negative earnings of late. WFT-T is 1.5 times book. IFP-T is at book value but has a much higher multiple. WEF-T is trading in the middle of the previous two but with a much more significant yield, possibly not as secure. They all have reasonable assets. They are a decent value play and could stand to do well if we get a building resurgence. You have to be patient.

Unknown
BUY
West Fraser Timber
Canadian Forestry stocks. Here is an industry that is in a bit of oversupply. Curtailing production should be good in the short term. We are seeing all of these stocks selling towards their lows rather than highs. CFF is selling at a fraction of the book value. They have had negative earnings of late. WFT-T is 1.5 times book. IFP-T is at book value but has a much higher multiple. WEF-T is trading in the middle of the previous two but with a much more significant yield, possibly not as secure. They all have reasonable assets. They are a decent value play and could stand to do well if we get a building resurgence. You have to be patient.
west coast forestry
BUY
Interfor Corp
Canadian Forestry stocks. Here is an industry that is in a bit of oversupply. Curtailing production should be good in the short term. We are seeing all of these stocks selling towards their lows rather than highs. CFF is selling at a fraction of the book value. They have had negative earnings of late. WFT-T is 1.5 times book. IFP-T is at book value but has a much higher multiple. WEF-T is trading in the middle of the previous two but with a much more significant yield, possibly not as secure. They all have reasonable assets. They are a decent value play and could stand to do well if we get a building resurgence. You have to be patient.
west coast forestry
BUY
Canadian Forestry stocks. Here is an industry that is in a bit of oversupply. Curtailing production should be good in the short term. We are seeing all of these stocks selling towards their lows rather than highs. CFF is selling at a fraction of the book value. They have had negative earnings of late. WFT-T is 1.5 times book. IFP-T is at book value but has a much higher multiple. WEF-T is trading in the middle of the previous two but with a much more significant yield, possibly not as secure. They all have reasonable assets. They are a decent value play and could stand to do well if we get a building resurgence. You have to be patient.
west coast forestry