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Compiling comments that experts make about stocks while on public TV.

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Michael Sprung , President

Sprung Investment Management

Address
25 Adelaide Street East, Suite 1914
Toronto, ON
M5C 3A1

Contact Info
Telephone: 416-934-7160
Email:
Website: http://www.sprunginvestment.com/


Date Signal Chart Symbol Company Opinion Price
2014-07-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. As a value investor, it is hard to find value in this market, and it is getting harder. We’ve had a fairly good equity market for the last few years. This year in particular, Canada is already up on a total return basis of 15% or so, and the US is up over 8%, and it is getting a bit stretched. At this point in time, it is sort of prudent to have a little bit of cash on the side, which you can treat as an option or a little bit of protection. If there should be a setback, which would give a good opportunity to step in. Wouldn’t be surprised if we had a correction somewhere along here. It never hurts to take profits when you got them, so when balancing your asset mix, you can hold the cash on the sidelines so that you can step in again if an opportunity arises.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2014-07-28 COMMENT Must be logged in to use chart AET.UN-T Argent Energy Trust

This along with Eagle Energy Trust (EGL.UN-T) and Parallel Energy Trust (PLT.UN-T) are Canadian trusts that have operations in the US, mostly in Texas. This one and Parallel had big stumbles lately which pulled down Eagle a little. People are concerned a little bit about the dividends in all 3 cases. Yield of 8.5%.


Price:
$2.820
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2014-07-28 BUY Must be logged in to use chart AGT-T Alliance Grain Traders Inc.

Had a fairly good run, but would still buy it. As they get more and more into ingredients, rather than just the pulses, it is certainly broadening their markets. Have a new line in North Dakota, and are talking about adding a 2nd line to that production facility. Situated pretty well on a global basis between operations in North America and Turkey, etc. Trading at about 12.5X earnings, which is not terribly rich.


Price:
$21.550
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

Even though it is selling at a low price, he has no plans on owning this. The disappointment in the C series makes you question whether there have been too many delays, is it too late and are other competitors producing now so that the C series is not going to achieve the level of success that they had hoped for. On the mass transit side, margins are going to be under pressure. Feels this could stay at low levels for some period of time.


Price:
$3.610
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2014-07-28 COMMENT Must be logged in to use chart BNS-T Bank of Nova Scotia

There has been an appreciation in all of the banks.


Price:
$73.800
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 BUY Must be logged in to use chart BPY.UN-T Brookfield Property Partners

Moved from Brookfield Office to this. Probably a reasonable thing to do. Property is certainly a good area to be exposed to at this time. The REIT side of the market is mainly going to be supported by yield from here on in, but yields are not too bad. This one has always been a very, very well-managed company. This is something you could invest in for the long term.


Price:
$22.620
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2014-07-28 TOP PICK Must be logged in to use chart CAE-T CAE Inc

Recently announced about $120 million in new training contracts. They also announced about $110 million for the military side in New Zealand. They continue to gain new business, whether military or civil space. Yield of 1.7%.


Price:
$14.110
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 PAST TOP PICK Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

(A Top Pick July 22/13. Up 35.99%.) At over $100, he figures a split is going to have to come. Banks like to be available to the general investing public, as well as to institutional investors. Sells at one of the lower multiples.


Price:
$100.950
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 DON'T BUY Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Among the seniors of the oil/gas producers and have a huge following. Has always been extremely well-managed. Lately this has had a very, very good run. Wouldn’t be jumping in at these levels.


Price:
$48.150
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2014-07-28 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

Made a good profit on the rails, but bailed out long before their latest profits. If he were comparing this with Canadian Pacific (CP-T) today on a valuation perspective, he would certainly own this one. It is a more profitable company with a lower operating ratio. A much bigger company in terms of revenues. Rails are currently trading at 20X earnings, and he would have to see a fairly significant correction of 25% or more, before he was interested.


Price:
$73.870
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2014-07-28 TOP PICK Must be logged in to use chart ECA-T Encana Corp

(A Top Pick July 22/13. Up 35.2%.) Management has surfaced value with their spin out of PrairieSky (PSK-T), sold Big Horn and acquired some property in Eagle Ford. Becoming much more exposed to liquids than to natural gas. Have done some extremely smart things with their asset base, as well as making some very strategic acquisitions. Good cash position of about $2.7 billion. Still has a long ways to go.


Price:
$23.850
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 TOP PICK Must be logged in to use chart ECI-T EnerCare Inc

Just announced they were buying the consumer’s services division from Direct Energy, which now gives them direct access to consumers in Ontario. Largely involved with water heaters as well as running a sub-metering business. He estimates capitalization of the company is going to go from around $800 million to $1.1-$1.2 billion. This is a very accretive acquisition to cash flow, and he estimates it is going to be 22%-25%. This puts out the potential for dividend increases down the road. Dividend yield of 5.27%.


Price:
$13.750
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 COMMENT Must be logged in to use chart FFH-T Fairfax Financial

Have a lot of respect for Prem Watsa and this company. He is certainly a value oriented investor. This is an insurance company, so he would really like to see them have a better combined ratio. The lines of insurance they are participating in can be quite volatile. If you are a very long-term investor, you could consider stepping in. Well-managed. Dividend yield of about 2%.


Price:
$509.170
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2014-07-28 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

Very well-run utility and is well-positioned. Their earnings are growing, and they seem to be on the right track. Has a nice yield. Their recent deal in the US is very much a transformational deal for them. It almost doubles their size, and opens up a whole new market to them.


Price:
$33.270
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 HOLD Must be logged in to use chart PD-T Precision Drilling

Very illustrative of what his position has been lately. Owned this for quite a long time and made a lot of money. Recently took some profits around current levels, trimming about half his position. Would have probably sold it all if he didn’t feel that it still had scope going forward. Still likes the company, and it will prosper going forward. If you own, consider taking profits. Recently announced an agreement with Schlumberger (SLB-N), which is going to open up some new markets for them.


Price:
$14.550
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 2,689 entries
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