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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 Chart Symbol Company Opinion Price
2014-06-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  He is a stock picker and it is getting more and more difficult.  He wouldn’t be surprised to see a bit of a correction.  He is accumulating reserves on the side to take advantage of setbacks.  The TSX is doing a bit of a catch up, but Energy is leading it.  Materials are up almost 10%, but with lackluster performance in primary materials.  It is a confused market.  Investors should concentrate on at what price they are comfortable buying a stock and to watch for it. 


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
_N/A
2014-06-16 SELL Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Is it profitable to still be thinking of buying TOU-T and its peers?  This has been the strongest sector of the TSX.  It is difficult to find things that are you think have a sufficient margin of safety here.  He has CPG-T and is thinking of taking some off the table at these levels.  TOU-T he does not own, but does own PD-T.


Price:
$0.020
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-06-16 SELL Must be logged in to use chart AC.B-T Air Canada (B)

He has never been too big on airlines.  Very economically sensitive.  89% of revenues from passengers rather than cargo.  With fuel prices going up, he does not think it is a place he wants to be.  He would take profits.  It is a capital intensive, highly unionized business.


Price:
$9.720
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2014-06-16 BUY Must be logged in to use chart AD-T Alaris Royalty

A Top Pick of his last month.  Gives unique exposure to the private equity world with a diversified business mix.  Companies they invest in have at least a 10 year history, are family owned, and are diversified.  It is extremely well run and he expects dividends to go up.  Anywhere under $28 is a good place to invest in it.  A CRA problem is a primary driver of the recent weakness.  They are gaining more and more opportunities in the US.  In the next few years they will get to the point that no one investment represents more than 10%.  5.5% dividend.


Price:
$27.470
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-06-16 DON'T BUY Must be logged in to use chart AGF.B-T AGF Management (B)

The independent mutual fund companies are having a tough time and we have seen consolidation to the larger players in the industry, but this one was not involved.  We have seen significant assets leaving this company. 


Price:
$13.390
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-06-16 PARTIAL SELL Must be logged in to use chart AGT-T Alliance Grain Traders Inc.

It is now beginning to participate in the growing demand.  They are getting more and more into food ingredients.  Has good upside potential.


Price:
$18.870
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-06-16 PARTIAL SELL Must be logged in to use chart ARE-T Aecon Group Inc

Really turned around.  He would not jump in today.  Will participate in growing infrastructure spending in the gas and oil industry.  A lot of today’s growth is built into the stock price.


Price:
$16.780
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2014-06-16 SELL Must be logged in to use chart BB-T BlackBerry

You should not base your exit strategy on when earnings come out.  They may or may not take write-offs that we anticipate.  He does not know their strategy and so does not own them.


Price:
$8.580
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2014-06-16 BUY Must be logged in to use chart BNS-T Bank of Nova Scotia

What does diversity contribute to its attractiveness as an investment?  When you look at the banks, each one brings a different element to your portfolio.  BNS-T gives you more diversification outside of North America.  They are doing well in South America.  A solidly run bank.


Price:
$71.070
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-06-16 SELL Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Here’s a stock that has done extremely well.  Is one of the preeminent oil companies in Canada, but at today’s prices, he would take profits.  It looks reasonable going forward and is a core holding for many.  Prefers SVE-T and SU-T and even TLM-T.


Price:
$47.700
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2014-06-16 PAST TOP PICK Must be logged in to use chart G-T Goldcorp Inc

(Top Pick Jun 12/13, Down 2.86%) You have to time the cycles correctly.  The time to own them is when no one wants them.  G-T has a strong balance sheet and a good production profile going forward.


Price:
$26.990
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-06-16 WEAK BUY Must be logged in to use chart GWO-T Great West Lifeco

It has a lot of protection from its yield.  Likes lifecos in general.  If we are going to see interest rates ratchet up then insurance companies will benefit.  GWO-T itself is supported more by its yield than anything else and he prefers MFC-T or SLF-T.  GWO-T looks expensive to him right now.


Price:
$29.510
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2014-06-16 TOP PICK Must be logged in to use chart HBM-T Hudbay Minerals Inc.

(Top Pick Jun 12/13, Up 25.34%)  Peru should come on line next year.  A couple of years ago everybody doubted their ability to finance this project.  As projects ramp up he expects increased profitability in this one.


Price:
$9.780
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-06-16 DON'T BUY Must be logged in to use chart IMO-T Imperial Oil

Has not been participating with the Canadian oil patch recently.  It has lagged a bit.  The dividend is less than 1%.  There is no compelling reason to own this over SU-T, CVE-T or CNQ-T.


Price:
$56.140
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2014-06-16 BUY Must be logged in to use chart IPL-T Inter Pipeline

Sees upside.  Pipelines are a good place to be.  This one is one of the better managed ones out there.  He has been looking at it recently even though he owns TRP-T. 


Price:
$32.500
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
Showing 1 to 15 of 2,665 entries
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