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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 500
Toronto, ON
M5C 3A1

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


Date Signal Chart Symbol Company Opinion Price
2015-04-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. In the last 8 years we have seen global debt increase by over 40%, and is over $50 trillion by now. This has largely been a result of low interest rates making debt very attractive, quantitative easing and Central Banks have built their balance sheets up to huge amounts. We are not immune in Canada, not so much on the government side as on the consumer side. In spite of that and all the 3rd geopolitical turmoil, markets seem to continue to just pace ahead. We have had a pretty good run for a number of years. In his view, valuations are looking a little bit stretched. This is a time to be somewhat cautious in the market. Be prepared to act on any downdraft, but be very careful about the prices you pay going into stocks. He is always looking for things that are a minimum of 3-5 years and longer. In energy, you might well be early. You want to be in the companies that are financially strong, well-managed and companies that take advantage of the current weak environment.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2015-04-28 PAST TOP PICK Must be logged in to use chart AD-T Alaris Royalty

(A Top Pick May 8/14. Up 29.94%.) Not adding at the current price, but if it was to pull back 10%-15% he would be looking at adding. Good management. A unique company in the way that it is structured. As they grow, they are seeing more and more opportunities opening up to them, particularly in the US. Expecting there will be rising dividends as the years go on.


Price:
$35.230
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-28 TOP PICK Must be logged in to use chart AGT-T AGT Food & Ingredients

One of the leaders in pulse processing for export and domestic markets. Recently have moved into food ingredient areas with pulses. They are non-GMO. They are in a growth segment of the market where there is growing demand. Have been reinvesting and building out and growing out their capital projects. Yield of 2.31%.


Price:
$26.100
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-28 BUY on WEAKNESS Must be logged in to use chart ARE-T Aecon Group Inc

He likes this company. Not too long ago he was buying it close to $10. They have a fairly sizable operation in the Alberta area, and a good deal of that is energy related. As a result, he thinks that is why it has pulled back as much as it has. Over the next few years, with the infrastructure building that is going to occur, this is certainly going to be a participant. Try to buy close to $12-$12.50.


Price:
$13.260
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-28 PARTIAL SELL Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

If he owned, he would be taking half off the table. A lot of their growth has been by acquisition, and he doesn’t know the pace that they can keep that up. Has a market cap just over $20 billion and is trading at 24X trailing earnings. Paying a minimum yield of about 0.4%. If it doesn’t keep growing, you could see a lot more downside than the potential upside from here. As a value investor, he would not be buying any more.


Price:
$49.160
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-04-28 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Extremely well-managed company. They did a $1 billion issue in the last week and are making a significant purchase of some properties in the US. Thinks the combination of new equity and their debt has caused the stock to pull back a little. People are waiting for more details on the acquisitions they are making. He has been looking at this.


Price:
$66.760
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-28 PAST TOP PICK Must be logged in to use chart CAS-T Cascades Inc

(A Top Pick May 8/14. Up 17.46%.) This has gone under a transition over the last couple of years, and they seem to be doing much better now in the box board container market. The cost of materials has mitigated margins to some extent.


Price:
$6.970
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-28 COMMENT Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

“Say on pay” was rejected at the annual meeting. Would this have made a big deal of difference to the value of a company stock? The whole “Say on pay” is a pretty complicated issue. Institutional shareholders want to see more long-term incentives to be met with longer-term rewards. This bank caught everybody off guard with the extra pay packages for the leaving executives. Investors are not well served by those kinds of surprises and it does have some effect.


Price:
$97.620
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-28 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

Over the last few years, we have seen the rails do so well that he no longer owns any of them. This has underperformed Canadian Pacific (CP-T) recently, making it a somewhat better value. In the long run, rails can only grow as fast as the economy, although there are occasional areas of growth such as shipping oil by rail. If it got under $70, he would be looking at it.


Price:
$78.640
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-28 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

A very well-managed company. Made some significant acquisitions in land areas that give them potential drilling targets for years to come. He expects them to live beyond the current problems in the industry with a good chance to prosper again. At this level it is a good longer term hold.


Price:
$31.500
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-28 COMMENT Must be logged in to use chart CVE-T Cenovus Energy

They are going to have some difficulty with the prices being where they are and the cost of exploiting oil sands projects. Thinks this will be one of the survivors. Have some very good properties and some where they could do a royalty spin off on, which could be a couple of billion dollars for them. Over the next few years, he expects to see the price have much more appreciation power than what the downside risk is. Current yield of 4.5%.


Price:
$23.130
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-28 BUY Must be logged in to use chart HBM-T Hudbay Minerals Inc.

Within the materials group, this is one of his favourite stocks, primarily because Constancia is coming on stream this year. Over the next couple of years, he expects to see significant cash flow being thrown out of their operations. Prefers it at $10, but wouldn’t hesitate to buy at this level.


Price:
$11.520
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-28 DON'T BUY Must be logged in to use chart IMO-T Imperial Oil

Given the current price, looking out over the next few years he can see other companies in the sector that are perhaps selling at more modest multiples to the potential growth.


Price:
$53.710
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-28 DON'T BUY Must be logged in to use chart K-T Kinross Gold

This has certainly had its problems in the last few years, relative to the other mining sectors. Still has a lot of issues that it has to work out. He would prefer Goldcorp (G-T) where he can see a significant increase in their production going forward.


Price:
$2.850
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-28 TOP PICK Must be logged in to use chart MFC-T Manulife Financial

They have done so much to de-risk their balance sheet and to change the structure of the products that they sell, to be more profitable and less capital markets related. Have built a very strong balance sheet and one of the best capital bases in the industry. Have undertaken some tremendous growth initiatives in Asia as well as the US. Recently made a distribution deal in Asia. Have become very long term in focus and the ROE is improving, which he expects is going to be over 10% going forward. Yield of 2.8%.


Price:
$22.190
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
Showing 1 to 15 of 2,831 entries
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