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
2016-07-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. There is a lot of fear mongering by politicians, particularly with BREXIT and what we are seeing in the US. People are upset and politicians are finding it very easy to point fingers at globalization and free trade as being culprits, rather than at the effects of technology. Those jobs are probably never going to come back, but will be supplanted by technology to a great extent. We are undergoing a major shift in the workforce, which is having an effect on the markets. They have been trying to keep things going since 2008 through zero to negative interest rate policies globally. Today we have over $13 trillion of “negative” trading bonds in an attempt to keep the economy limping along. He questions if politics can trump economics in the end, but somehow doubts it. The economic cycle is alive and well, and we are going to go into a period of greater volatility. There is a bifurcation of markets with the bond market telling you things don’t look so good going ahead. At some point postings have got to come together, which will provide a real opportunity for value investors. Expects people will come to realize that expansion of trade and expansion of economics is good for jobs in the long run.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-07-15 COMMENT Must be logged in to use chart AC-T Air Canada (B)

Trading at 3X earnings, because earnings have done relatively well recently. He doesn’t like investing in airline stocks, which are capital intensive, highly unionized and very cyclical. This has just gone through a great positive cycle where earnings have gone up. You want to look at these when they aren’t earning very much and have been in a downtrend.


Price:
$9.480
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-07-15 PAST TOP PICK Must be logged in to use chart AGT-T AGT Food & Ingredients

(A Top Pick July 29/15. Up 14%.) A well-run company in a pulse market that is growing. They are expanding more and more into the food ingredients area. Have been expanding their production line.


Price:
$33.960
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-15 TOP PICK Must be logged in to use chart AGT-T AGT Food & Ingredients

Has pulled back enough that it is relatively attractive again. The pullback is as a result that the most recent crop of pulses had been somewhat disappointing, which hurt volumes. However, going into the fall, he is expecting a fairly large crop in Canadian pulses. The UN has declared 2016 to be the International Year of the Pulse. Export pulses is increasing very rapidly. Dividend yield of 1.76%.


Price:
$33.960
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-15 TOP PICK Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

This has lagged the other banks recently, because of their acquisition of PrivateBankcorp in the US, which they paid a big price for. They are trying to establish more of a footprint in the US, so longer-term this should pay off for them. Management has concentrated on de-risking and shoring up the balance sheet by retrenching and focusing on core competencies. Dividend yield of 4.91%.


Price:
$98.490
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-15 COMMENT Must be logged in to use chart CSU-T Constellation Software Inc.

Who do you like in Canadian Tech? As a value investor, he may like a Canadian Tech company, but may not be able to buy it because of its valuation. Two that stand out are Constellation Software (CSU-T) and CGI Group (GIB.A-T), and CGI is probably selling closer to reasonable multiples. Both are extremely well-managed. He also likes that they are both much more software dependent, not mixing any hardware which can be so fickle in today’s technology market.


Price:
$500.130
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-15 COMMENT Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

This has been the star of Canadian retailers, and has held up very well. It has done extremely well over the last number of years despite retail undergoing the biggest shift in technology in the way people shop. They have a new CEO, who he believes is going to take a longer-term focus and position them for going forward. It still looks a little expensive to him. If he saw it correct 10%-15% from here, he would be taking a really serious look at it.


Price:
$137.560
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-07-15 COMMENT Must be logged in to use chart EFN-T Element Financial

This has been positioned in a unique line of financing that makes it stand out. The only problem he has is the valuation. As a value investor, he finds it very difficult to pay for future growth without using a fairly severe discount rate on it. You have to take a longer-term view of the stock. This contains a great component of companies in a rather unique area.


Price:
$14.180
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-07-15 COMMENT Must be logged in to use chart FFH-T Fairfax Financial

He admires Prem Watsa and the company he has built. Extremely well-run, but it is an insurance business, particularly in property and casualty. A highly, highly variable business. Sometimes the combined ratios are in your favour and you make a lot of money, and sometimes the premium intake doesn’t cover the expenses. This company has always relied on its investment acumen. People taking a longer term point of view stands a better chance of making money, but shouldn’t expect a smooth ride given the nature of the businesses that it is in. This doesn’t look like an unreasonable place to position yourself, but you have to be willing to be a long-term player.


Price:
$685.000
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-15 COMMENT Must be logged in to use chart GIB.A-T CGI Group (A)

Who do you like in Canadian Tech? As a value investor, he may like a Canadian Tech company, but may not be able to buy it because of its valuation. Two that stand out are Constellation Software (CSU-T) and CGI Group (GIB.A-T), and CGI is probably selling closer to reasonable multiples. Both are extremely well-managed. He also likes that they are both much more software dependent, not mixing any hardware which can be so fickle in today’s technology market.


Price:
$56.790
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-15 COMMENT Must be logged in to use chart K-T Kinross Gold

Made a very large acquisition of Taslast in Mauritania a number of years ago, which wasn’t a gold producer, and which changed the shape of this company. They have a few projects which are coming on. He would prefer others.


Price:
$6.870
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-07-15 BUY Must be logged in to use chart LIF-T Labrador Iron Ore Royalty

Thinks this has gone up so much recently because it had such a high yield before, and is just normalizing a little. It really depends on the throughput of iron ore and the royalties it receives. At current levels, he feels the dividend is fairly safe.


Price:
$15.300
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-15 PAST TOP PICK Must be logged in to use chart MFC-T Manulife Financial

(A Top Pick July 29/15. Down 19.79%.) People are a little concerned about its exposure to Asia and the slowdown that is occurring there. At this price you have the ability to buy a well-run insurance company that has de-risked its balance sheet greatly over the last number of years. It has changed its product mix to the extent that it is a lot less market sensitive than it used to be. Trading at less than BV, and is still a Buy.


Price:
$17.760
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-15 COMMENT Must be logged in to use chart MX-T Methanex Corp

Feels the methanol market has been in a bit of a disarray over the last year or 2, and that has been reflected in the stock’s price. A very, very cyclical business. If you feel the world is going into a slower growth, slower economy stage, he would hold off buying this.


Price:
$38.070
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-15 BUY Must be logged in to use chart POW-T Power Corp

The bulk of this company is their investment in Power Financial (PWF-T). You could look at either one of these, but today with Power Financial you are getting a little bit of a premium in the yield. For longer-term investors, they are going to see dividend increases in both companies. Of the 2, he would prefer Power Financial which has a yield of 5.2% versus 4.8%.


Price:
$28.080
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 3,044 entries
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