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
2017-03-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. To some extent, weak consumer sentiment is holding back Canadian stocks. The consumer in Canada is largely overspent. Debt levels have been rising to very, very high levels, which would put a lot of pressure on a lot of people if interest rates were to go up very much. Also, our economy has been a little more tepid than what has been in the US. There is a lot of expectation built into the US market that could prove to be somewhat disappointing down the road. This is a time to be cautious, paying really hard attention to valuations, what you are paying for stocks, why you are buying them, what is your holding period and how does it fit into your portfolio. This is a good time to have a reserve on the side.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2017-03-17 PAST TOP PICK Must be logged in to use chart ARX-T Arc Resources Ltd

(A Top Pick Feb 4/16. Up 7%.) A really well-managed company. Oil and gas exposure. A yield of about 3%. Good balance sheet and well diversified in terms of operations.


Price:
$18.880
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 COMMENT Must be logged in to use chart BCE-T BCE Inc.

The challenge is, how do they increase the subscriber base when the business model is changing so rapidly. The Internet is changing things hugely. Last year, more people cut the cable and their subscriptions to paid TV, than ever before. They are all going to easy internet protocol type things. At the end of the day, what becomes of our major telecom companies? Are they becoming Internet providers, and offering services like Netflix? The wireless is the one thing they’ve been able to hold on to, and this is where BCE really has the advantage. They’ve managed to keep the dividends growing as they’ve been able to keep earnings growing.


Price:
$58.300
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 PAST TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

(A Top Pick Feb 4/16. Up 43%.) Still one of his core holdings in the banks. Even though it has gone up so much, it is still earning around 3.8% in yield. It is internationally diversified. If the economy picks up, to what people are hoping, South America will begin to do very well.


Price:
$77.790
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 COMMENT Must be logged in to use chart EMP.A-T Empire Company (A)

They took on a horrendously big acquisition at the wrong time. No one could have foreseen the downturn that would take place in Alberta, which compounded the problem. This can happen when companies pay aggressively for acquisitions. It is going to take them some time to work through. If you have a really, really long time horizon, this can correct. Prefers some of their competitors.


Price:
$18.570
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-03-17 HOLD Must be logged in to use chart ENB-T Enbridge

He’s been a big admirer of this. The problem is, it always looks expensive on a valuation basis metric, but on the other hand they have several billions of dollars of projects going forward. He thinks they are going to continue to increase their pipeline. An outstanding dividend company.


Price:
$54.960
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

One of his core holdings in the utility sector. He likes that they have been such good acquirers, and diversified themselves by going into energy transmission, etc. Very well situated with the operations that they have set up in the US. Expects they will continue to have dividend increases going forward.


Price:
$42.840
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 PAST TOP PICK Must be logged in to use chart HBM-T Hudbay Minerals Inc.

(A Top Pick Feb 4/16. Up 218%.) At the time, they were having some logistical issues at some of their primary mines. The company has become much more focused.


Price:
$9.710
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 HOLD Must be logged in to use chart IPL-T Inter Pipeline

All the pipeline multiples look high. What you are really looking for is what is their profile going forward, in terms of the projects they have on hand, and how much is it going to increase. This has a reasonable outlook going forward.


Price:
$27.750
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 COMMENT Must be logged in to use chart KEY-T Keyera Corp

He likes this. An extremely well-run company, probably one of the better run companies in the oil/gas sector. Valuation metrics always look a little bit pricey. If this got under $30, he would be tempted to take a fairly good size position.


Price:
$38.470
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 HOLD Must be logged in to use chart NWC-T North West Company

The business model has always been a really good one. They tend to sell in markets where competition has been more limited and prices high. Looking long term, the structure of those markets might be changing, but they have diversified. They own a number of Giant Tiger stores. They have operations in the Caribbean. He would prefer to buy this when it is under $30, and closer to $25 if it was available. It is not cheap now, trading at 4X BV.


Price:
$30.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 TOP PICK Must be logged in to use chart PD-T Precision Drilling

Has gone through a very difficult environment, but he likes what management has done in that environment. This is Canada’s largest tier #1 contract driven company, with growing operations in the Middle East. They’ve spent a fortune in technology in upgrading equipment, and now we are beginning to hear that contracts are being renewed for longer periods and day rates are firming up a little. It has a lot of leverage to an improving environment. (Analysts’ price target is $9.)


Price:
$6.140
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-03-17 COMMENT Must be logged in to use chart PEY-T Peyto Exploration & Develop.

Primarily natural gas, and has tended to fluctuate with that commodity. It is one of the primary producers and has a great dividend of about 4.7%. Looking out, on a Price to Cash Flow basis, it isn’t too bad, 7X or 8X. They have always been very effective at managing their balance sheet. Good properties and good exposure. Reasonably priced. Dividend yield of 4.8%.


Price:
$27.190
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-03-17 HOLD Must be logged in to use chart SAP-T Saputo Inc.

This has done extremely well since 2015. They just completed a major acquisition in Australia. It has been well-run, and has grown a lot by acquisitions.


Price:
$45.270
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-03-17 COMMENT Must be logged in to use chart SCL-T Shawcor Ltd. (A)

Has been looking at this, and with more pipeline expansion likely to come on in the horizon, he feels it is already being discounted in price to some extent. Doesn’t like chasing stocks. This one turned a corner recently and he would like to own it at a cheaper price. There is a lot of growth built into the current price.


Price:
$38.310
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
Showing 1 to 15 of 3,154 entries
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