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Today, Michael Sprung commented about whether BCE-T, SU-T, MFC-T, SJR.B-T, HBM-T, WFG-T, BAM-N, MTL-T, CVS-N, TFII-T, AD-T, KL-T, IPL-T, CCO-T, ARX-T, CNR-T, CAE-T, CM-T are stocks to buy or sell.
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What will the US regulators and railways think about the proposed takeover of KSU? The bid is high, but fair. Would be lots of synergies in routes and overhead. Wouldn't be surprised if other US rails put in a bid. As a shareholder, you never like to see bidding wars. Will benefit from the move from road to rail. Pretty fully valued, especially for a company that's sensitive to GDP.
Combined with Seven Generations, will be a very strong company. Very reasonable multiple of earnings and cashflow. One of his favourites in the oil patch. Yield of 3.2%.
Whether the offer goes through, BIP.UN are savvy buyers. If the plant gets completed, it will be a big win. There are others in the pipeline space he'd rather own. Not sure the price will move up from where it is now. The yield is down around 2.6%.
Inflation expectations are building. Though the relation between inflation and gold is questionable, people favour hard assets with retention of value. Some exposure to gold is good, usually around 2-3%. KL's purchase of Detour Gold was brilliant. Well managed, but he prefers companies with many different projects.
(A Top Pick Jun 29/20, Up 111%) Great at acquisitions, and the recent UPS one probably doubled the potential of the company. Some upside from here, but he'd take some profits around $110-115. Good long-term hold.
(A Top Pick Jun 29/20, Up 23%) Right place, right time. Purchase of Aetna has done well. Still reasonably priced. Solid execution. Will benefit as the health system transforms in the next years.
