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
2017-04-28 BUY Must be logged in to use chart AGT-T AGT Food & Ingredients

Lentils and pulses. This has traced back from $40 down to around $30. A lot has happened with crops being locked in by weather and various other factors, but the long-term future for pulses, proteins and food ingredients is very good. Feels the company is getting more and more coverage. This is now at levels that are attractive, and he would be adding to any new accounts that came in.


Price:
$31.670
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-28 COMMENT Must be logged in to use chart BB-T BlackBerry

This lived through a period when things really looked questionable. They’ve managed to change the profile from a hardware phone maker company, to a software company. They now have very, very good relations with the auto industry. At current prices, it is discounting a pretty positive future, so he would be a little cautious.


Price:
$12.705
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-28 PAST TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

(A Top Pick June 2/16. Up 21%.) This bank has had tremendous focus on cost control, as well as technology development, over the last few years. The new CEO has made them more competitive in a modern environment. The most internationally diversified of all the Canadian banks. It has great exposure to South America, so if there is an uptick in materials, etc., that will do very well for them. Still a Buy. (See Top Picks.)


Price:
$76.080
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-28 TOP PICK Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Relatively exposed to home loans in Canada, which is why he picked it. Americans don’t actually understand Canada’s mortgage market. Because of this, a lot of US Shorts are going after not only the alternate mortgage lenders, but primary banks and other lenders. This is also probably one of the most profitable banks in Canada. Dividend yield of 4.6%. (Analysts’ price target is $124.)


Price:
$110.580
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-28 COMMENT Must be logged in to use chart CVE-T Cenovus Energy

Just put forward a massive acquisition of $17 billion into the oil sands, a significant size relative to their market cap. Maybe this is not a bad time for these companies to be buying out these assets. Thinks that it is a stretch for them. He owns this because it has such a great sheet. After this acquisition, the balance sheet is not going to be that great. Also, it is going to be exposed to oil sands which are very, very long-term assets. Costs of getting oil out, are coming down, so this could be a buy of the century for them, but could also go the other way.


Price:
$13.680
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-28 DON'T BUY Must be logged in to use chart EMP.A-T Empire Company (A)

They made a huge purchase of Safeway at just the wrong time, just before the Western economy fell apart. This isn’t the 1st time they have stumbled, in one way or another. They will eventually pull out of this, but they are behind the 8 ball right now. He prefers Loblaws (L-T), which is the dominant player in Canada. It also has the biggest reach into the discount outlets.


Price:
$21.015
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-28 COMMENT Must be logged in to use chart EQB-T Equitable Group

Assuming that the contagion is not so devastating, and assuming that they can still raise capital at a reasonable cost, he thinks this company will pull through. A year from now, many of these companies will regain their losses.


Price:
$37.580
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-28 COMMENT Must be logged in to use chart FFH-T Fairfax Financial

When you invest in this, you have to be prepared for volatility in earnings. Their insurance operations are well-run and well-managed, and their combined ratio is around 95% which is pretty good. They make a great deal of their earnings through their investment portfolio, which is large and well-managed, but has tremendous volatility. Lately, they’ve taken off a lot of hedges that they had, looking for more of a bear market going forward. Have also suffered with some of their equity shorts because markets have generally been going up. It always trades around BV, and right now it is about 1.25% of BV, so it is probably not a bad place to be looking at it. You have to be a long-term player to own these shares.


Price:
$620.000
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-28 PAST TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

(A Top Pick June 2/16. Up 11%.) Recently did a huge acquisition in the US. He admires their diversification across many regulatory factions. They are now well positioned in the US.


Price:
$44.310
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-28 TOP PICK Must be logged in to use chart G-T Goldcorp Inc

This has been in the penalty box because of troubles in Red Lake, but people didn’t understand that it was just a temporary issue with some activities that fell out of sync. Thinks they will be back on stream for the remainder of the year. Gold companies these days are really driven by efficiencies. This company has excellent assets in Mexico and Argentina. They also have some joint ventures with some major companies. Dividend yield of 0.57%. (Analysts’ price target is $23.56.)


Price:
$19.015
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-28 COMMENT Must be logged in to use chart GIB.A-T CGI Group (A)

This has grown both organically and by acquisition. They have really taken advantage of the trend to outsource computer systems, programming, etc. This has always traded at multiples that have not been appealing to him as a value investor. If you own, it never hurts to take a profit.


Price:
$65.930
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-28 COMMENT Must be logged in to use chart GWO-T Great West Lifeco

This has always been one of the most profitable of the large life insurers. If you think we are going into a rising interest rate environment, the insurers are the ones who can benefit greatly. He would prefer owning Power Financial (PWF-T) over this because of its diversification, but also increases in dividends.


Price:
$36.700
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-28 COMMENT Must be logged in to use chart HBM-T Hudbay Minerals Inc.

Thinks there will be another leg up in the sector, and this company will be a beneficiary of that. It has probably not performed as well as some of its peers, but at current prices it is still a fairly good buy. Constancia is doing very well for them. They have some projects in line for development over the next few years. A lot of their big spends are behind them. This would be one of his top choices in the sector.


Price:
$8.220
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-28 COMMENT Must be logged in to use chart HCG-T Home Capital Group

This has almost become a speculation rather than an investment. He thinks it is a crime what has happened to them. Operationally they were doing just fine. It was well-managed. He wonders if things couldn’t have been handled differently in terms of how they dealt with the failure to disclose in a timely basis, the fact that they had fired a bunch of the mortgage brokers. Whoever buys this company is going to get a bargain, if they can lower that cost of capital again, and get out from under the thumb of a $2 billion 10% line of credit. Feels the argument is going to be that if someone does attempt to buy them, how cheap will they be able to buy them.


Price:
$8.140
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-28 COMMENT Must be logged in to use chart K-T Kinross Gold

In today’s environment, with low interest rates and low inflation, it is a good environment for a lot of gold companies. They have begun to clean up their act in being more cautious in terms of development of new projects. Overall, a lot of the gold companies are in much better shape than they were 5 years ago. This one has been doing a little better lately. He prefers others. (See Top Picks.)


Price:
$4.745
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 3,176 entries
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