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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 1914
Toronto, ON
M5C 3A1

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


Date Signal Chart Symbol Company Opinion Price
2014-03-07 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  5th anniversary of the start of the US bull market.  He is sitting on a fair amount of cash on the sidelines.  US markets were a little ahead of fundamentals last year, but they are holding.  Barring Geopolitical effects, the recovery is taking hold.  Thinks he will get an opportunity to load up on opportunities.  He thinks there are bargains in energy.  Financials are okay and represent fair value.  It is a stock picker’s market.  Market pullbacks are a buying opportunity. 


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
_N/A
2014-03-07 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Holding only banks.  If you have a very large nest egg, and can live off the dividends, you could make a case that banks are an adequate diversification.  He likes to see diversification across different industries.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
_N/A
2014-03-07 PAST TOP PICK Must be logged in to use chart ABX-T Barrick Gold

(Top Pick Feb 6/13, Down 30.80%) Management is focused on capital discipline.  Came out with weak numbers.  Average down and now many clients are above water. 


Price:
$22.080
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-03-07 BUY Must be logged in to use chart AET.UN-T Argent Energy Trust

Saw big selling in the last week or so.  There are only a few trusts that have their assets in the US, but are listed up here.  He is beginning to consider re-adding this to more aggressive accounts.


Price:
$5.570
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-03-07 HOLD Must be logged in to use chart AGF.B-T AGF Management (B)

Dividend is sustainable as long as the family holds the company.  They have had significant loss of assets over the last few years and that trend does not show any signs of abating.  He would look for more stability before buying it.


Price:
$11.740
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-03-07 SELL Must be logged in to use chart ATD.A-T Alimentation Couche-Tard (A)

Extremely well managed company.  Done well expanding their retail reach.  He thinks it is expensive and would not buy at these levels.  Not a bad place to take profits. 


Price:
$87.710
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-03-07 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

Has been continually postponing the ‘C’ series.  It is not going to disappear, but it depends on very large contracts in mass transit business.  Not a place he would invest today, even at the current price.


Price:
$3.600
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2014-03-07 SELL Must be logged in to use chart CBY-T Canada Bread Co.

Maple Leaf foods is changing their overall strategy.  Going more over to protein.  Price being paid is fair.  His temptation is to sell it here.  Prefers to buy Maple Leaf a few dollars lower.


Price:
$72.120
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-03-07 PAST TOP PICK Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

(Top Pick Feb 6/13, Up 19.16 Total Return) One of the best balance sheets.  Continue to hold but not adding additional positions.


Price:
$93.940
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-03-07 WEAK BUY Must be logged in to use chart CNR-T Canadian National R.R.

Rails over the last year or two have had a tremendous run.  A lot of it has to do with changes in their business mix.  Additional capacity in oil by rail is profitable. In the long run it is hard to see why the earnings should advance so far ahead of the economies of their countries.  Both our railroads are more than reflecting our economic improvements well into the future.  CNR is priced a little more sensibly than CP.


Price:
$62.190
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-03-07 BUY Must be logged in to use chart CUQ-T Churchill Corporation (The)

Is a recovering construction company.  Made some acquisitions and got hurt badly.  Going forward thinks they will pick up more business.  We could see some significant appreciation form here.


Price:
$9.500
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-03-07 WATCH Must be logged in to use chart CUS-T Canexus Corp

The executive member stepping down today took the market by surprise.  Is waiting to find out more about why the executive left.  It has been a slower market for them.  Margins have been impacted by increased costs.  It is a question of profitability. 


Price:
$5.240
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-03-07 PAST TOP PICK Must be logged in to use chart CVE-T Cenovus Energy

(Top Pick Feb 6/13, Down 9.15%) But he really likes this one.  A lot of development in the oil sands.  Significant additions to production in the next half decade.  Decent dividend.


Price:
$29.430
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-03-07 TOP PICK Must be logged in to use chart CVE-T Cenovus Energy

Bought yesterday.  In around these price levels it offers tremendous values.  Terrific growth profile going forward.  One of the better managed companies.  Production pace has kept pace with expectations.  A little over 6 times forward cash flow.  Good balance sheet and an efficient operator.  Expects dividend increases.


Price:
$29.430
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-03-07 HOLD Must be logged in to use chart ECA-T Encana Corp

Has a few more dollars in it.  Recent quarter showed some strength in it and quite a bounce in Nat Gas prices.  On a seasonal basis it could pull back.  They are good managers of their assets.


Price:
$22.260
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
Showing 1 to 15 of 2,614 entries
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