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
2017-02-01 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold? He has a little gold exposure. Likes to keep his exposure at 5%. In an era where we are running into such a huge amount of uncertainty, and there is a lot of worry in the world, gold tends to do very well. If he saw his gold stocks run up a lot more, he would probably be taking his profits.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 PAST TOP PICK Must be logged in to use chart AD-T Alaris Royalty

(A Top Pick Jan 7/16. Up 7.59%.) Most of the return in the last year has been dividend return. The stock has basically gone nowhere. Because they invest in a number of different private companies through preferred share mechanisms, a number of those companies ran into problems over the last year. He’s been waiting for them to either restructure, exit or redesign, and come to some conclusion on some of their problems. He is finally seeing a few of them working out. Over the year, the company has been diversifying their holdings, and thinks they are in a good position to continue to make more investments. As they diversify they become less and less dependent on any one particular individual company. Wouldn’t be surprised to see this going back into the high $20 and beyond.


Price:
$22.610
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 TOP PICK Must be logged in to use chart AGT-T AGT Food & Ingredients

This has pulled back recently to the mid-$30. One of the main providers of pulses globally, and with the whole movement of the world toward more and more protein, they are exceptionally well positioned. They’ve also been expanding in their food ingredients and pasta areas. Geographically diversified with operations in Turkey, Canada and some in the US. Dividend yield of 1.68%. (Analysts’ price target is $44.)


Price:
$35.710
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 BUY Must be logged in to use chart ARX-T Arc Resources Ltd

He likes this and thinks it is very well positioned. Selling between 7 and 8 times cash flow, which is not too bad. There is potential for it to pay more dividends going forward, particularly if the environment continues to pick up. A very well structured and very well financed company. Fairly good balance sheet within the industry.


Price:
$20.360
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 COMMENT Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

Largely a growth by rollup story. In his experience, that can go very well for a number of years, and then come to an end. It’s a company where you are always paying for this anticipated rate of growth keeping up. As a value investor, he doesn’t put as much weight on growth as he does on actual solid earnings and the underpinning of a company’s financial.


Price:
$59.210
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2017-02-01 COMMENT Must be logged in to use chart BCE-T BCE Inc.

This has pulled back compared to its peers. Part of it has to do with the media division, where earnings have been choppier than what people expected. When you are looking at telecom stocks, it always seems to be a race or displacement in how many wireline customers are cutting off and how many new subscribers are being signed up, etc. His concern has more to do with the whole industry. Wireless is fine and the future of cell phones is fairly secure. Beyond that it is all going to Internet protocol, and there are so many alternative means by which to get Internet reception, but he is not sure what kind of industry structural changes we will see, particularly over the next 10 years, as well as the impact on these companies.


Price:
$58.390
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-02-01 HOLD Must be logged in to use chart BTE-T Baytex Energy Corp

At this time, he would consider this to be just a Hold. There are some stocks in the sector that are more compelling from a price point of view, but with the improvements we are seeing within the sector, this one could do fairly well going forward.


Price:
$5.220
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2017-02-01 COMMENT Must be logged in to use chart CAE-T CAE Inc

He really likes this. They seem to be announcing contracts all the time, some of them quite major. What he really likes is that they are one of the main players in the flight simulator world, but also one of the dominant players in pilot training. There has been such a turnover recently of pilots and new pilots that have to be trained, and there will continue to be. Well balanced between military and commercial. Thinks this still has room to run.


Price:
$18.590
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 COMMENT Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Split? He also wonders when they might split. $111 is a large number for a single share, but if they split, you still own the same company for the same total capitalization. He likes this bank because they have consistently had a fairly high ROE for the last number of years, relative to the other banks, and yet they sell at a fairly reasonable price. It carries a dividend that gives it one of the highest dividend yields in the sector. A split would make it easier for more retail investors to participate.


Price:
$111.950
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Whitecap Resources (WCP-T) or Crescent Point (CPG-T)? Two different types of companies. Whitecap is more of a growth company paying a dividend, while Crescent Point is much more mature. CPG-T pays a fairly good dividend.  They’ve amassed a great deal of property with a lot of drilling opportunities over the next number of years. He owns a little and is quite comfortable holding it as it has a good balance sheet. If looking for steady, long term prospects, this is probably the one you should stick with.


Price:
$15.070
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 COMMENT Must be logged in to use chart DGC-T Detour Gold

One of the more promising junior/intermediate gold producers. Recently had a sort of mixed quarter and announced a bit of a setback with the development of one of their projects and whether or not they would get the permitting to develop it within the timeframe they had set. He thinks that is just a temporary phenomenon. This looks like it really has a good future.


Price:
$17.200
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-02-01 COMMENT Must be logged in to use chart FIH.U-T Fairfax India Holdings Corp

This is really a bet on Prem Watsa and his management. He has been a very good manager and has wanted to build a presence in India for some time. The key to doing business in India is, who do you partner with. From what he has read, Prem has picked some very, very good partners. This is an economy that is growing and maturing, perhaps growing a little more slowly than what people had anticipated. If looking at something like this for a long term, he would certainly bet for Prem to be successful.


Price:
$11.450
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-02-01 TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

A company that has made a few major acquisitions, but very successfully. When they made their first large acquisition in Texas, the Texans didn’t think they were going to be as successful as they have been. In the last year, they just closed the acquisition of ITC, a transmission company. This is a company that is well diversified, not only in its own industries, but across regulatory regimes, with a big solid footprint in the US. Dividend yield of 3.86%. (Analysts’ price target is $48.30.)


Price:
$41.470
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 COMMENT Must be logged in to use chart HBM-T Hudbay Minerals Inc.

Believes this could still have some room to run. They have reached a point where a lot of their major CapX is behind them with a lot of mines now coming on stream. They had lagged the others for quite a while, and have just recently started to catch up. Prospects could be quite positive going forward.


Price:
$10.450
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 COMMENT Must be logged in to use chart L-T Loblaw Companies Ltd

He owns this through George Weston (WN-T) which also has the bakery business in the US. The stock has pulled back to the $67-$68 price range. You are seeing a reflection of the environment that grocery stores are finding themselves in. A very, very competitive environment. Consumers have been going more and more into lower priced stores. There is an inability for them to pass on price inflation. For the time being, we may see some margin compression. Over the last number of years the company has successfully put in a new SAP system, revamped their supply chain and did some management restructuring. He would look at this as a premier player in the Canadian grocery market.


Price:
$67.820
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
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