Viewing Expert Michael Sprung | StockChase
stockchase picture

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

Viewing Expert

Michael Sprung , President

Sprung Investment Management

Address
25 Adelaide Street East, Suite 500
Toronto, ON
M5C 3A1

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


Date Signal Chart Symbol Company Opinion Price
2016-08-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. When valuations are being stretched, it can’t go on forever. As a value investor, it is getting harder and harder to identify securities that he thinks are really good, long term value to Buy, as a result, he is almost in the mode now where he is taking more profits than he is reinvesting money. You never know what will make the market crack. It could be the US election, North Korea launching a missile, etc.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2016-08-24 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Uranium? This has always been a difficult element for him to get his head around. It never seems to follow supply/demand mathematics. After Fukushima in Japan, everything stalled out. Politics always seemed to get in the way, with the possible exception of China.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-24 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

REITs? Investors have concerns about the interest rate environment, and REITs would be affected if rates went up. Canada has had a run on real estate to the point where multiples in Vancouver and Toronto are fairly high. You have very low cap rates and very high values, which is a very formidable position for REITs to be in. He would stick with the high quality REITs.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-24 COMMENT Must be logged in to use chart ABX-T Barrick Gold

Has been going through an extremely difficult transition. Had been fighting for its life and had to make some extremely difficult choices. Debt levels are fairly high, but it has been going in the right direction. Still one of the larger producers globally and a low cost producer. He wouldn’t bet against them.


Price:
$23.490
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 BUY Must be logged in to use chart AD-T Alaris Royalty

This has been a problem. They have a few of their investee companies that are not making current payments, but most of them are working out fairly well. Their big company is KMH which they are seeking to exit on. If that happens, that will be a good catalyst. He would be leaning towards picking up more at this level. 7% dividend yield.


Price:
$22.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 COMMENT Must be logged in to use chart AGT-T AGT Food & Ingredients

Some of his clients’ positions are getting large enough that he is looking at having to trim them. If you have a 5-year outlook, this is probably a reasonable place to initiate a position. The company has diversified from what it was 3 years ago, from just being in pulses and distribution, into more food ingredient, and have opened up some very successful lines in packaging both pet foods and going more into food for human consumption.


Price:
$36.160
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 PAST TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

(A Top Pick Sept 1/15. Up 23.5%.) He still likes this. Canadian banks are a lot stronger than people generally give them credit for. This bank could slightly be underperforming their peers in the immediate future, because of their exposure to South America. Dividend yield of 4.2%.


Price:
$68.590
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 HOLD Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

(Market Call Minute.) At current levels, he would be hesitant to buy this.


Price:
$102.000
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 PAST TOP PICK Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

(A Top Pick Sept 1/15. Up 51.58%.) He would be a little hesitant to buy this at over $40 for new accounts. It is one of Canada’s best run companies, and will continue to be one of the foremost companies in the oil patch.


Price:
$41.250
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Since they cut their dividend, they are now cash flow positive. This is an extremely well-run oil/gas company. Have been tremendous acquirers of land with great drilling potential. They have drilling potential going out several years. This is only selling at about 6X cash flow. Feels it still has some upside potential. Dividend yield of 1.7%.


Price:
$20.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-24 COMMENT Must be logged in to use chart EFN-T Element Financial

This is going to split at the end of September. Feels it has been going down because people are worried about the interest rate environment and the environment the company is operating in. The company has basically carved out a niche in the finance business that a lot of the banks didn’t want to be in any longer. If this were 15%-20% lower, he would be seriously looking at it. This is one that you could certainly take a good hard look at.


Price:
$13.250
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2016-08-24 PAST TOP PICK Must be logged in to use chart HBM-T Hudbay Minerals Inc.

(A Top Pick Sept 1/15. Up 8.86%.) Have just finished building out Constancia and it is being commissioned. That is going to start producing great cash flow. They have a number of projects that could come on stream in the next number of years. Management has been particularly aggressive in taking costs out and taking some write-downs where they can, so feels it is really being set up well for the next 5-10 years.


Price:
$5.690
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 TOP PICK Must be logged in to use chart HBM-T Hudbay Minerals Inc.

A lot of the problems that have been there recently have been short term ones. Going forward, he thinks they are going to throw off some solid free cash flow. Have been able to expand their credit facilities lately, so they could be very opportunistic going forward.


Price:
$5.690
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 TOP PICK Must be logged in to use chart MFC-T Manulife Financial

It has been difficult for them to get a lot of respect lately. They recently got hit with some problems in the long-term care business in the US. There may be some actuarial revaluations going on in the 3rd quarter, so there could be a possible hit in terms of a write down. However, we have a company that is one of the best capitalized in the industry. Any more they don’t just depend on interest margins to earn their money. Expanding very rapidly and making progress in Asia. Dividend yield of 4.24%.


Price:
$17.460
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-24 COMMENT Must be logged in to use chart MG-T Magna Int'l. (A)

There has been a pullback in a number of auto related stocks. Production in the most recent quarter was down. This is the biggest and most exposed of the auto parts companies. The question most people are asking is about peak auto. This company is really well positioned in the industry, and has a good balance sheet. Trading at around 4 or 5 times cash flow and about the same on earnings. A good time to be looking at this.


Price:
$52.070
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
Showing 1 to 15 of 3,066 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.