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
2016-06-02 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. We have been a long time since the last major correction. Thinks the markets are getting tired, but this is a point that he really enjoys, a stock pickers market. North American markets just continue to climb the wall of worry, and yet investors have become so focused on what the Fed is going to do with interest rates. If they do raise rates, it will be a sign that the economy is strong and robust, and there is some evidence of that. If a signal comes out, and if the number is disappointing, chances are the Fed will defer raising rates again. Do they really want to raise rates seeing as how strong the US$ has been over the last number of years? They have to be very careful about what they do. In Canada we have been fortunate. We have had some recovery in a number of commodities, and have seen our market advance. On the other hand, a lot of the worries that exist in the US also affect our market. If they raise rates, the Cdn$ is going to plummet even further. He likes to position himself in companies he thinks are going to do well.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-06-02 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Value versus Growth? As a value manager he tries not to pay too much to growth. Growth managers tend to pay a lot more for the unseen than what value managers do. Occasionally he has had a value stock that has turned into a growth like stock, and the multiples tend to go up. In cases where he sees actual tangible evidence of volumes and business picking up, he will hold on up to a certain limit and take profits along the way as it grows.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-06-02 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Banks? In order to buy these today, you need to have a 3-5 year time horizon, to allow dividends to increase and let the next cycle take hold, in the event we do go into a period of slower growth. He likes the Canadian banks because he believes they are well capitalized and well-managed. (See Top Picks.)


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-02 PAST TOP PICK Must be logged in to use chart AD-T Alaris Royalty

(A Top Pick June 8/15. Down 2.12%.) A company that he really admires, but not that well understood in the market. Basically they put money out at, say 15%, and then they pay a dividend at around the 16% level, and they are continually expanding the companies that they have investments in. Extremely well-managed. He would be a buyer under $30.


Price:
$28.460
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-02 PAST TOP PICK Must be logged in to use chart ARX-T Arc Resources Ltd

(A Top Pick June 8/15. Up 5.39%.) A company he likes to own within the resource sector. The trick in energy in the last couple of years has been to go with the strong companies with good management, fairly good financials, and that have the prospect of increasing production over time. Their major plays are in good areas. Has a yield of just under 3%.


Price:
$21.740
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-02 BUY Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

He likes this company. Bruce Flatt has done an amazing job of managing an extremely complex company. He prefers being at the parent level, where management is pulling the strings. It can look expensive, but continues to do very well.


Price:
$46.220
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-02 TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

Have had a very good recent quarter. He likes the diversification. Have an international footprint, but have lost the premium that they tend to trade at relative to the other banks. That is usually a good time to be looking at banks. Inevitably in the cycle it is going to come back again. Likes the strong focus they are putting on cost and expense control. 4.4% dividend yield.


Price:
$65.450
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-02 COMMENT Must be logged in to use chart BTE-T Baytex Energy Corp

Hasn’t been following this closely, however it is one that he has been taking a serious look at recently. A very well-managed company. Good properties and good management. Thinks they are quite leveraged to rising commodity prices.


Price:
$6.480
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-02 PAST TOP PICK Must be logged in to use chart CAE-T CAE Inc

(A Top Pick June 8/15. Up 12.74%.) This has appreciated a fair amount in a short period of time. Feels it is one of Canada’s leading technology companies, and they are in excellent markets, whether military or civil. Thinks there is going to be a huge renewal in their fleets and commercial systems, but also a changeover in the pilots who have to be trained. He would look to buy this at under $15.


Price:
$16.610
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-02 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

Has always been wary of uranium. It is not just a supply/demand problem, but is also a political animal. The US has continued to build large inventories of uranium, so there doesn’t seem to be any immediate reason for the price to go up. They just got approval to double the capacity of their McLean Lake production facility. On the other hand, their last quarter had some definite disappointments.


Price:
$15.190
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-02 COMMENT Must be logged in to use chart CJR.B-T Corus Entertainment (B)

Doesn’t follow this closely, but knows that recently there was quite a controversy when they were buying the entertainment assets from Shaw Communication (SJR.B-T) so that Shaw could buy Wind Mobile. It wasn’t exactly an arms length transaction. It is very hard to put values on these entertainment assets.


Price:
$12.730
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-02 COMMENT Must be logged in to use chart CWB-T Canadian Western Bank

Just reported in the last day or 2. People were looking for really bad news, and he feels they surprised the street by coming out with much better results than expected. Although provisions for credit losses went up to 78 basis points from 18 last quarter, it wasn’t as bad as people thought it could be. You have to ask yourself if you want to ride out the fact that they are an Alberta-based bank in the current environment, when you can get a better yield at competitive pricing with their larger competitors. He would rather take the yield advantage of some of their peers. (See Top Picks.)


Price:
$25.940
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-02 COMMENT Must be logged in to use chart DH-T DH Corporation

They seemed to have a few surprises in their last quarter. There were fewer contract renewals. If the price were to move a lot lower, he might take another look at this. Paid a lot to get into FinTech and the school is still out on this move. He would like to see more stabilization in their other areas. 


Price:
$33.650
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-02 DON'T BUY Must be logged in to use chart EMP.A-T Empire Company (A)

Sobey’s had some difficulties lately. The last quarter showed they were having some degree of trouble in integrating their Western Canada operations. About every 10 years, they seem to go through these cycles. This time it seems to be the integration of Safeway’s. Discount grocery stores are really stealing share away from the major banners. Let things settle out a little bit more, especially in Alberta. Dividend yield is under 2%.


Price:
$22.330
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-02 TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

A few years ago they made a big bet with a large purchase in Texas, and now they are buying ITC, a transmission company with a lot broader exposure. Despite the fact that they have had to finance this with a fair amount of debt, he thinks this is another transformational change for the company. It makes it a much more regulatory diversified company.


Price:
$41.140
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 3,022 entries
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