Viewing Expert Michael Sprung | StockChase
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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
2016-11-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. He has never seen a more bizarre election than what we are seeing in the US now. The rhetoric has been over the top, but at the end of the day, come Tuesday or Wednesday morning, he wonders if those people who thinks there is going to be a calm after it is all over, are going to be sadly disappointed. We are still going to be facing the same problems. What if neither candidate gets enough electoral votes? Beyond that we have all these other worries. His main worry is that globally there has been an uprising in sentiment on anti-globalization, ant-free trade, etc., all the things that have produced the profitability and standard of living that we have had since the 2nd world war. Politicians are taking advantage of the unrest and the dislocation that the population is feeling from changes in technology, changes in trade patterns, the opening up of other markets, etc. They are exploiting that and pointing fingers at free trade. Feels people don’t realize what the effects of isolationism could be and the costs that it could be to them.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-11-04 COMMENT Must be logged in to use chart AC-T Air Canada (B)

Just got its foreign ownership extended to 49%. That is going to be a very interesting factor in the airline business. He has a very hard time investing in airlines. Dislikes capital intensive, highly unionized, cyclical businesses, where margins come and go with fuel costs. He would be a little wary.


Price:
$11.940
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-04 PAST TOP PICK Must be logged in to use chart AD-T Alaris Royalty

(A Top Pick Oct 14/15. Down 28.98%.) This invests in a number of different companies. They have had some problems over the last year with 4 or 5 of those. A couple have been exited. A couple are in work-out. One is in the process of being worked through, and they’ve been paid the most recent payment due. People have lost faith, particularly over the summer. They’ve recently declared their dividend for the quarter and it is going to be paid. They have been able to restructure their credit facility and it has been expanded. The yield has now been pushed up to 8%, which is usually a warning sign. He feels the downside risk from here is extremely limited, and has bought more recently.


Price:
$17.940
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-04 PAST TOP PICK Must be logged in to use chart ARE-T Aecon Group Inc

(A Top Pick Oct 14/15. Down 3.33%.) Just reported and people hated what they saw. They missed on a number of fronts, but a lot of those were delays. They still have a very robust backlog. He thinks it is an opportunity here.


Price:
$13.250
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-04 COMMENT Must be logged in to use chart CCA-T Cogeco Cable

Just reported and the quarter looked sort of OK. There were some areas with good news. The cable business itself was doing very well, but their Internet services for business wasn’t doing so well. On a multiple basis, relative to its competitors, it looks very inexpensive, but wonders if that isn’t for a reason. He doesn’t see any catalyst to drive the stock up. Trading at around 2X book. He would be much more comfortable at 1.5X book. Dividend yield of 2.7%.


Price:
$62.230
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-04 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

(Market Call Minute.) Very much of a growth stock. Ever since they became a label company, it has done tremendously well. Very well-managed, but you have to be prepared to pay up for the hope of that continued growth going forward. He is not sure you could justify paying for the multiples that it is at.


Price:
$239.000
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-04 COMMENT Must be logged in to use chart CIX-T CI Financial Corp

Just reported a significant outflow over the last quarter, about $1.5 billion of assets, and are projecting more to come in the next quarter. It’s primarily institutional assets, so it’s pretty low margin business. All these companies are under pressure and prices are being pushed down, so margins are likely to come down. The only way they can deal with that is through cost control. He is a little cautious about the whole industry.


Price:
$25.050
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-04 COMMENT Must be logged in to use chart CSU-T Constellation Software Inc.

This has been a very interesting company over the years. It is one of the companies that has progressed on a rollup strategy through acquisitions. You have to give them credit for having made some very, very sharp purchases. Multiples are sort of dependent on that growth continuing. As a value investor, these are very difficult companies for him to Buy, because the multiple on the growth aspect is far ahead of the immediate fundamentals that underlie the earnings. Not one that he would purchase.


Price:
$629.000
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-04 TOP PICK Must be logged in to use chart CVE-T Cenovus Energy

Companies in the oil sands are not exactly favourites in the market these days, and yet here is a company that really seems to have their heads around what they are doing. They have huge interests, not only in the oil sands, but in a couple of refineries as well. Has a very pristine balance sheet. They are probably one of the lower cost producers in their area. Good management and good balance sheet. Dividend yield of 1.08%.


Price:
$18.470
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-04 COMMENT Must be logged in to use chart DGC-T Detour Gold

Came out with a disappointing quarter, and in that quarter they talked down “Street guidance” over the coming year. Things are being pushed farther out into the future. In growth stories like this, something like this is a set back, and the stock is going to take a bit of a pause. This is just a delay, not anything to get really concerned about.


Price:
$20.690
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-04 COMMENT Must be logged in to use chart DH-T DH Corporation

(Market Call Minute.) Had a very bad quarter, and got hit in just about every business line they are in. A huge disappointment. This is at a point where it is probably worth looking at again.


Price:
$16.230
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-04 PAST TOP PICK Must be logged in to use chart HBM-T Hudbay Minerals Inc.

(A Top Pick Oct 14/15. Down 16.68%.) This has just not reacted like some of its peers to some of the improvements in prices. It is more exposed to copper which has not moved as much. It commissioned Constancia in 2015, a major, major mine. They’ve reached the point where their big CapX is behind them and free cash flow is beginning to build. He expects a very good upside in the stock.


Price:
$5.910
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-04 TOP PICK Must be logged in to use chart HCG-T Home Capital Group

This has really fallen out of favour. Last year they had problems with brokers. The origination of loans was in question, as to who they were lent to, and how well they were papered. Now they are hit with a whole change in regulatory issues. This is going to affect the whole industry, not just mortgage providers like this. They have currently been putting a lot of money into systems, modernizing themselves and preparing to be a bit more leaner. An extremely well-managed company. Dividend yield of 4.09%


Price:
$25.440
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-04 BUY on WEAKNESS Must be logged in to use chart L-T Loblaw Companies Ltd

This has retreated from around $72 to $64. This is the premier grocery chain in Canada, but we have seen all the grocery chains pulling back in price. One problem is the inability to pass on price increases to the consumer. The consumer is becoming very, very sticky in terms of price, and are moving more and more to lower discount stores, so margins are being compressed. This could go on for some time. Currently this trades at around 2X Book. He would look at this at $60.


Price:
$64.440
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-04 COMMENT Must be logged in to use chart MRE-T Martinrea

In the last week, most auto parts companies have reported, and this one had an OK quarter. These stocks react very quickly to a changing business mix and sales, because they are all exposed to the different manufacturers in different weights and different parts and different margins. When we are seeing auto sales at the 17-18 million units a year, are we at peak auto? He would be cautious on this.


Price:
$7.130
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 3,089 entries
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