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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 Symbol Company Opinion Price
2013-04-26 N/A A Commentary A Comment -- General Comments From an Expert

Markets. We are in a very, very slow measured recovery and people are justly worried about how sustainable it is. US is growing, housing prices are firming up and employment is creeping back, numbers in the US appear to be going in the right direction. There have been some major corrections in materials and energy and longer-term investors should be starting to pick away at these.

 Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
_N/A
2013-04-26 N/A A Commentary A Comment -- General Comments From an Expert

Insurance companies versus big banks? He owns a little bit in both sectors. Insurance companies were very hard hit during the financial crisis and have gone a long way in mitigating their exposure to the markets. Have revamped their business lines to a great extent and are now selling more profitable, less front-end load products. In a diversified portfolio, there is no reason why you can’t have a little bit of both.

 Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
_N/A
2013-04-26 TOP PICK ABX-T Barrick Gold

Trading like it is a broken company. People are focusing on Pascua-Lama right now where production has been held up. Even if you took this asset out entirely, the NAV of this company would still be in excess of $25. This is an opportunity to buy a stock that is trading at somewhat ridiculous multiples. Yield of 4.22%.

 Price:
$18.810
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-04-26 SELL ACO.X-T Atco Ltd

Sold his holdings a few months ago as he had thought it had become fairly valued. If you own, it never hurts to take a profit. This company is doing very well with the build out in the mining and oil/gas sectors.

 Price:
$92.790
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2013-04-26 DON'T BUY AEM-T Agnico-Eagle Mines

Gold companies have really gotten beaten with the pullback in the price of gold. Thinks there are some significant opportunities opening up. Even at this price there are more compelling valuations in the gold area. Have a number of good projects under development. Production profile, although not the fastest, is growing. (See Top Picks.)

 Price:
$31.530
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2013-04-26 COMMENT ARE-T Aecon Group Inc

Has done very well recently and feels that management has really turned the company around. Went through a number of years with significant problems but seems to be doing extremely well and winning a lot of business lately. Price is pretty much reflecting good times ahead.

 Price:
$12.290
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2013-04-26 DON'T BUY BBD.B-T Bombardier Inc (B)

A lot of people have been focused on this with the advent of the C Series. Expects a test flight will be sometime later this summer. It will be interesting to see if the order flow is as rich. Not sure they are going to get the kind of market share that they were originally intending. On the mass transit side, he sees governments being restrained on spending. Not sure there is a lot of downside from here but if the C Series picks up, there could be significant upside. Too speculative.

 Price:
$3.940
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2013-04-26 TOP PICK BNS-T Bank of Nova Scotia

Likes their diversification including their international exposure. Has always been the most conservative in terms of how they handle credit to companies. Superbly managed. Selling at a reasonable multiple. 4.23% yield and trading at about 11X earnings.

 Price:
$56.900
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-04-26 BUY CUQ-T Churchill Corporation (The)

Got into severe troubles a couple of years ago with some fixed-price contracts that went way over bid. Management has been replaced and they now have a focus on more profitable, shorter-term projects. Could have some significant upside.

 Price:
$7.200
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-04-26 PAST TOP PICK CUQ-T Churchill Corporation (The)

(A Top Pick April 27/12. Down 46.6%.)

 Price:
$7.200
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-04-26 TOP PICK ECA-T Encana Corp

We have seen some recovery in natural gas prices recently. 3rd largest natural gas producer in North America and selling at a fairly compelling valuation. Dividend yield of 4.37%. Sells at a discount to peers, but holds key emerging plays.

 Price:
$18.790
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-04-26 COMMENT EMP.A-T Empire Company (A)

Have done pretty well. Sobey’s has made some definite inroads in gaining market share. Metro Richeleu has done a particularly good job. These are good places to be for the time being but we have seen the prices increase quite well in the last while and he is not so sure it is going to be so robust going forward.

 Price:
$67.000
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2013-04-26 PAST TOP PICK MFC-T Manulife Financial

(A Top Pick April 27/12. Up 13.22%.)

 Price:
$14.570
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-04-26 COMMENT NFI-T New Flyer Industries Inc.

Has done fairly well. They are on the right track. Brought in new manager about 3-4 years ago, that was much more production efficiency oriented. Backlog has been growing. Municipalities are investing more and more into mass transit and this company is extremely well-positioned to take advantage of that.

 Price:
$9.730
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2013-04-26 DON'T BUY PGF-T Pengrowth Energy

Stock has been severely punished. Had a couple of dividend cuts. Have been trying to focus more on light oils. Yield of 5.5%. There are probably safer areas to be. Would prefer Bonavista (BNP-T) where you could see some significant appreciation over the next few years.

 Price:
$4.960
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
Showing 1 to 15 of 2,465 entries
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