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
2016-03-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The rally has seemed to have stretched some valuations.  He had some bids in and had to pull them off the table.  Anything could cause some cascading and backwardation of the markets.  In the long term you are looking for valuation.  He has taken a step back as the market has rallied and will see if things fall within his sphere soon.  The US has been carrying the weight of the world on its shoulders but that cannot go on forever.  The US dollar has been pricing them out of many global markets.  Their competitiveness has gradually been going down and that will be reflected in their industries.  The emerging markets are still a question mark.  How fast can they raise rates in a relatively slow growth economy without putting the brakes on it?  The strong US$ is hurting international earnings.  Oil is forefront in investor’s mines, but he does not know if it is primarily driving the markets.  Investors should not confuse the economy with the stock market.  The stock market is more of a popularity contest.  Canada’s economy has auto parts as a very strong part of the economy, but a small part of the TSX.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2016-03-28 BUY Must be logged in to use chart AD-T Alaris Royalty

A company that invests in private companies by preferred shares.  Management retains control of the company.  As long as the company and dividends continue to grow, then if they get into trouble those preferred shares can flip into equity.  They had a bit of a setback as they worked out some things with some of their investees.  They have managed to resolve most of those difficulties and the company is starting to recover.  They tend to make about 15% on their investments and they increase their dividend as their revenues grow.  He owns it personally.  About 6% dividend.


Price:
$27.390
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-03-28 PAST TOP PICK Must be logged in to use chart AGT-T AGT Food & Ingredients

(Top Pick April 28/15, Up 46.83%) They expanded quite a bit, including into pet food.  This company has done extremely well with an enthusiastic CEO.   He really loaded up on it when it got close to its lows.  They are at the right place at the right time in terms of global operations.  They are one of the global leaders and will continue to expand. 


Price:
$38.050
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-03-28 WATCH Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Longer term this is a company he likes.  He has always admired them.  Management has done an amazing job.  He prefers this to some of the subsequent parts, even if they sell at a discount to NAV.  Recently when it sold off it was quite an opportunity.  They will participate in a lot of this infrastructure building.  He may initiate a position in it later this year, but it is a little rich now.


Price:
$44.490
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2016-03-28 WATCH Must be logged in to use chart BB-T BlackBerry

It is not a Nortel disaster, which was smoke, mirrors and a lot of accounting.  BB-T has stabilized their product, an android phone, with good reviews.  They will never be a dominant force in the phone world again, but they have the resources to carry their own, however.  He wonders where the earnings will come from down the road and he is not sure how long it will be.  He admires management for stabilizing the company.  They need to become more of a software company and less of a hardware company.  Let the Chinese make the hardware and participate in developing the next cell phone the people are going to want to have.


Price:
$10.060
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-28 WATCH Must be logged in to use chart CJR.B-T Corus Entertainment (B)

There was a great deal of controversy with respect to the acquisition of Shaw.  The question is did they pay a fair price for those assets.  At the end of the day the transaction has come through and now they are more of a content company.  He has begun to look at it, but has not come to any conclusion. 


Price:
$10.720
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2016-03-28 BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

One of the primary banks he owns.  At one time it was the one in trouble, but management has really changed it and de-risked it.  It has one of the best capital bases in the business and the highest return on equity.  Longer term he really likes it.  There are domestic headwinds as they have become much more of a Canadian one.  But he thinks they will continue to grow. 


Price:
$96.450
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-03-28 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

He owns a little.  They finally reduced their dividend to a much more manageable level.  It shows management can act prudently.  This one still looks a little expensive at these levels.  They are a well managed company.


Price:
$17.820
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-03-28 WATCH Must be logged in to use chart DC.A-T Dundee Corp. (A)

They are going through a transition now.  The sons are taking over the company.  Mutual funds were sold to BNS-T.  They have Dream Real Estate.  It is not one he has decided to own until he has watched how management does over the next couple of years.


Price:
$5.890
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2016-03-28 WAIT Must be logged in to use chart EMP.A-T Empire Company (A)

They had trouble integrating Safeway.  At the same time they got hit with a depression in Alberta where Safeway operates.  He thinks they will get through it.  They have great land holdings, good real estate.  Their market share has slipped a little in Ontario, but they are strong out East.  He owns Weston’s.  But empire is looking a little more attractive.  Wait for integration aspects to be put behind them.


Price:
$22.270
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2016-03-28 BUY Must be logged in to use chart ENB-T Enbridge

There was a question about smaller companies being able to pay their bills for transport in the pipelines.  He sees this as an opportunity in ENB-T.  It is one of his favourites.  He currently prefers TRP-T at current levels.  Longer term ENB-T should do well.


Price:
$49.860
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2016-03-28 DON'T BUY Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

It is a high growth company and does so by a lot of acquisitions.  He would not be particularly interested because it would be a high growth rate for a long period of time.  This is not a value investor’s stock.


Price:
$29.550
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-28 BUY Must be logged in to use chart HBM-T Hudbay Minerals Inc.

It was a top pick a couple of months ago.  If you can buy it anywhere under $5 you should do fairly well.  New management has come in and cleanup.  He likes it.  It is a well managed company with operations in northern Manitoba.  He see increasing cash flow and production and a better commodity market would make it even better.  With a clean balance sheet, he is not as concerned as some people seem to be at the current time.


Price:
$4.960
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-28 BUY Must be logged in to use chart LNR-T Linamar Corp

He owns it personally.  They have done extremely well as has the automotive cycle.  They have been able to strategically diversify their geographic footprint.  They are into more precision parts than some of their competitors. He is not sure how many years we are likely to see such a gangbuster auto cycle.   It could go down 25% if the auto cycle finished.


Price:
$61.350
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-03-28 PAST TOP PICK Must be logged in to use chart MFC-T Manulife Financial

(Top Pick April 28/15, Down 13.71%) Management has done an extremely good job.  They have re-aligned the commissions they pay.  It is selling at a very good multiple, at basically book value.  He would call it a buy today.  It is a good insurance company to hold on to.


Price:
$18.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
Showing 1 to 15 of 2,997 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.