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Compiling comments that experts make about stocks while on public TV.

Table View - Opinions in Detail

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Implied Signal Stock Symbol Company Comment Source Program Airdate Airdate Price Opinions $ Goal Expert Program Topic Expert's Bias Own or Relationship Actions
  
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-09-01 $0.000

Markets. We haven’t seen a correction since 2008, and we are finally in one. The market is just adjusting to new levels. Every day investors are being buffeted by news, whether it is Europe, the slowdown in China, Canadian energy pressure, and even fears about possible interest rate hikes in the US. This comes at a period when valuations were getting a little bit stretched. We are seeing adjustments, and adjustments are never smooth. Thinks we could be in this period for a little while. In this sort of environment, he is picking up companies that he already owns or would like to own, with a predetermined price he has in mind to either initiate or nibble away at a position. This is a real opportunistic market, and a time when you should be positioning portfolios for the next 3-5 years. He has small positions in both energy and mining.

Michael Sprung CANADIAN LARGE OPTIMISTIC _N/A View
BUY on WEAKNESS AGT-T AGT Food & Ingredients Market Call (BNN TV) 2015-09-01 $0.000

Fundamentals have been changing and improving. Have really been expanding in their ingredients line, particularly with respect to pulses. This is a good one to hold on to. He would be buying under $25.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
TOP PICK BNS-T Bank of Nova Scotia Market Call (BNN TV) 2015-09-01 $0.000

For all Canadian banks, the diversity of their businesses has balanced them out within the current environment. This one is no different, except that it has more international exposure, and their Canadian operations have more than made up for the weakness. Have one of the strongest capital bases in the banking industry. You are getting a little more ROE for a little bit less money. Dividend yield of 4.70%.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
TOP PICK CNQ-T Canadian Natural Rsrcs Market Call (BNN TV) 2015-09-01 $0.000

Considers this to be one of the better run production/exploration companies in Canada. Sees them doing more and more with the turnaround at their Horizon facility. At these prices, this is going to be a very, very good buy for the long-term. Dividend yield of 3.25%.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
HOLD CPG-T Crescent Point Energy Corp Market Call (BNN TV) 2015-09-01 $0.000

Reducing the dividend was a wise move in this environment. This is one of the better managed companies with one of the greatest areas to develop in terms of the number of drilling opportunities they have going forward. Very efficient operators. Thinks the dividend, for the time being, is fairly safely covered. Would not be selling, but if anything, would be looking at it as an opportunity.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
PAST TOP PICK CVE-T Cenovus Energy Market Call (BNN TV) 2015-09-01 $0.000

(A Top Pick Aug 26/14. Down 45.02%.) He has stuck with this. It has been one of the more proactive in this environment, right from the beginning. Feels they have done a very, very credible job. Operationally they seem to be doing fine in their latest quarter. One of those companies that will prosper going forward.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
COMMENT FNV-T Franco-Nevada Corp. Market Call (BNN TV) 2015-09-01 $0.000

As a value investor, gold is always hard to wrap his head around. Always has a small position of about 3%-5%. He looks for the companies with the best balance sheets, with a production profile going forward of projects of rising production, efficient producers and low cost producers. Feels the multiples on this company are a little bit rich.

Michael Sprung CANADIAN LARGE OPTIMISTIC No View
PAST TOP PICK FTS-T Fortis Inc. Market Call (BNN TV) 2015-09-01 $0.000

(A Top Pick Aug 26/14. Up 10.34%.) Extremely well-managed. Doing a lot in selling off non-core assets. They are concentrating on adding to their rate base, particularly in their US operations. He is expecting that they will continue to do well. Almost a 4% dividend yield.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
COMMENT G-T Goldcorp Inc Market Call (BNN TV) 2015-09-01 $0.000

Always has a small position of about 3%-5% and this is his primary holding. He likes this company. Have had very good results out of Penasquito and Cerro Negro. They reduced their dividend, which will save them $300 million annually. He sees their production profile increasing over the next few years. Free cash flow will be paying down a significant amount of debt going forward. Management is vigilant where they can cut production costs and keep them in line. This would be his 1st choice in a gold mine.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
TOP PICK HBM-T Hudbay Minerals Inc. Market Call (BNN TV) 2015-09-01 $0.000

Constancia is coming on more and more as the year progresses. Their recoveries in the latest quarter were well over 60%, as opposed to under 40% in the last quarter. Sees them making improvements in their Canadian mines at 777, Reed and Lalor. This is not only going to be a survivor, but is going to prosper as the cycle improves. Dividend yield of 0.31%.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
COMMENT LB-T Laurentian Bank Market Call (BNN TV) 2015-09-01 $0.000

This is small and it is regional, but going into its earnings report tomorrow, people are probably expecting some good news.

Michael Sprung CANADIAN LARGE OPTIMISTIC No View
HOLD MCB-T McCoy Corp. Market Call (BNN TV) 2015-09-01 $0.000

This services the oil/gas industry. Has some diversification in what it does. Extremely well-managed company. Feels they have taken corrective action given the environment they are in. If you own, he would not be selling.

Michael Sprung CANADIAN LARGE OPTIMISTIC No View
HOLD NFI-T New Flyer Industries Inc. Market Call (BNN TV) 2015-09-01 $0.000

This has appreciated quite a bit very quickly. He would not be chasing it at these prices. He is content to Hold, although it is fairly fully valued. Not only are they expanding in their parts and service business, but we have seen the bus manufacturing industry greatly rationalizing at a time when the need for heavy-duty buses has been going up. They are in a good spot at a good time.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
COMMENT OCX-T Onex Corp Market Call (BNN TV) 2015-09-01 $0.000

This company doesn’t tend to have a very wide following which this has been one of  its advantages. They have made good money in a number of the businesses that they have operated. Basically you are buying into ownership of a private equity kind of business. Multiples are a little bit high when compared with some of their competitors.

Michael Sprung CANADIAN LARGE OPTIMISTIC Unknown View
BUY POW-T Power Corp Market Call (BNN TV) 2015-09-01 $0.000

People are constantly trying to measure their NAV on a go forward kind of basis. It is their exposure to IGM that has been pulling them back and where they have lost market share. Dividend yield of close to 4.5%.

Michael Sprung CANADIAN LARGE OPTIMISTIC Unknown View
BUY PWF-T Power Financial Corp Market Call (BNN TV) 2015-09-01 $0.000

People are constantly trying to measure their NAV on a go forward kind of basis. It is their exposure to IGM that has been pulling them back and where they have lost market share. Dividend yield of close to 4.5%.

Michael Sprung CANADIAN LARGE OPTIMISTIC Unknown View
BUY RY-T Royal Bank Market Call (BNN TV) 2015-09-01 $0.000

Three-year outlook? He could recommend this in the $73-$74 range. All of the banks are off about 9%-10% this year, and have been the weight pulling down the financial services index. Dividend yield of 4.3%.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
COMMENT SNC-T SNC-Lavalin Group Inc. Market Call (BNN TV) 2015-09-01 $0.000

Have been trying to reinvent itself and stabilize after the scandals that it underwent with briberies in foreign countries. New management has largely addressed a lot of those problems. They are looking to sell some assets, including highway #407. He doesn’t know if all of the issues have been settled yet. Valuations look a little lofty.

Michael Sprung CANADIAN LARGE OPTIMISTIC No View
PAST TOP PICK SOX-T Stuart Olson Inc Market Call (BNN TV) 2015-09-01 $0.000

(A Top Pick Aug 26/14. Down 39.51%.) A lot of their business is in energy and in Alberta, but have been diversifying. Just announced $200 million in new contracts. They are not only going to survive, but have made a lot of moves recently, and he would be looking to add to his position.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
BUY SU-T Suncor Energy Inc Market Call (BNN TV) 2015-09-01 $0.000

Really likes this company, largely because it is integrated and well diversified through the energy industry. When some parts are not working, others are working well. 3.2% dividend yield.

Michael Sprung CANADIAN LARGE OPTIMISTIC Yes View
DON'T BUY TA-T Transalta Corp Market Call (BNN TV) 2015-09-01 $0.000

Wouldn’t be looking at this one today, with corporate taxes going up in Alberta. There are so many uncertainties there. This company has had its problems in the last few years, and he is not sure that they have been entirely mitigated.

Michael Sprung CANADIAN LARGE OPTIMISTIC No View
COMMENT WEF-T Western Forest Products Inc. Market Call (BNN TV) 2015-09-01 $0.000

With respect to the US housing industry, you would expect these companies would be acting better. There has been pressure on the commodity prices. They send a lot to Japan whose prices have been quite a bit lower. There is also worry about lower demand coming from China. They have a good balance sheet and a dividend yield over 4%. Appears to be at a very inexpensive price of the moment. He has not been tempted to jump back in on this one, but is keeping his eye on it.

Michael Sprung CANADIAN LARGE OPTIMISTIC No View
COMMENT WFT-T West Fraser Timber Market Call (BNN TV) 2015-09-01 $0.000

Something to keep in mind with respect to these timber companies is that timber cycles tend to be long ones, and housing recoveries, like we are seeing in the US, tend to go on for a number of years. There has always been a dispute on importing Canadian lumber into the US, so our price advantage is not all that great when you look at just the foreign exchange component. If you are looking out a few years, this is not a bad one to look at.

Michael Sprung CANADIAN LARGE OPTIMISTIC Unknown View
COMMENT YRI-T Yamana Gold Inc. Market Call (BNN TV) 2015-09-01 $0.000

This gold company has been showing up more and more on his screens. Within the group it looks quite inexpensive. They expect to see some production improvements in a couple of their mines in the 2nd half. Hedged 60% of their copper production at $3. He could see this company having production growth going forward.

Michael Sprung CANADIAN LARGE OPTIMISTIC No View
N/A A Commentary A Comment -- General Comments From an Expert Berman's Call 2015-08-31 $0.020

Markets.  Last Monday we had a flash crash.  Quality stocks that should not have had that kind of volatility in some cases had no bid.  You will have these periods during high panic.  We had an 18% world correction since the highs.  He was looking for 10-15%.  Effectively we are in a bit of a bear market.  He thinks this will play out over a number of months.  We have had effectively 0% interest rates for 7 years and barely eked out 2% growth.  The economy is not healthy.  He thinks they will raise interest rates and then find they have to cut again. 

Larry Berman CFA, CMT, CTA NORTH AMERICAN - LARGE & ETFs UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Berman's Call 2015-08-31 $0.020

The S&P is about 60% of the Dow in Market Cap.  The S&P is more diversified, however.  The Dow has been underperforming because it has less tech and biotech.

Larry Berman CFA, CMT, CTA NORTH AMERICAN - LARGE & ETFs UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Berman's Call 2015-08-31 $0.020

Educational Segment.  Fees Related to ETFs and their Impact on Returns.  Regulations regarding performance require you publish the gross of fee returns to the public.  This is because there are various fee classes.  You have to back out fees to see what you are actually paying.  iShares is about 54%, BMO 27%, and Vanguard is 7% of the ETF market.  He mentions the ones that are 80% of the market more often.  He has a bias towards BMO, however because he prefers the way they do covered calls, for example.  He prefers equal weights to market weights.  MERs are not the whole story.  There are cost of trade, acquisition cost (spread), and tracking error as well, which all impact your actual returns.

Larry Berman CFA, CMT, CTA NORTH AMERICAN - LARGE & ETFs UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-08-31 $0.020

Markets.  What’s going on in China is having a major impact on global markets and markets tied closely with commodities.  When the commodity super cycle took off in 2002, the five largest banks in the world were North American and European and now they are all Chinese and have grown those assets ahead of GDP.  He thinks there is a bit of an unwind going on now and he does not know if it will end quietly.  Trend lines have been broken on all global markets.  Typically you get a re-test of the highs and then things roll over.  He thinks we are seeing the downside of a business cycle.  He is trying to diversify away from commodities.  He would use any bounces to sell commodities.  He is cautious and sells gradually. 

James Hodgins SMALL & MID-CAP BEAR on COMMODITIES _N/A View
COMMENT A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-08-31 $0.020

He is not a currency trader.  Longer term he is  negative on the Canadian dollar because he is negative on the commodity cycle. The Canadian dollar continues to be vulnerable.  

James Hodgins SMALL & MID-CAP BEAR on COMMODITIES Unknown View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-08-31 $0.020

Markets. Thinks we are still in a long-term bull market. These corrections generally take some time to work out. There is a consolidation phase that has to take place and we are into that phase now. Over the next month or so, we will come out of it and will resume the bull market again. Bear markets are caused by recessions and there is no sign of a recession out there. Showed 3 charts.

Chart #1 showed the Fed balance sheet versus household debt (as a percentage of personal income) with numbers going in opposite directions for quite a while. In 2008 the whole US economy sort of collapsed on the back of too much debt in the consumer. The Fed flooded the market with capital, and they are still pushing capital into the system. However, the consumer took the cash and paid down debt. (This was the right thing to do.)

Chart #2 shows the US$ versus commodities. It showed the US$ going up and the CRB commodity Index going down. The strength of the US$ coincided with the weakness in the commodity market. This can get out of whack. You get a real divergence, not based just on supply/demand, but supply/demand caused by a currency that is extraordinary in its movement.

Chart #3 showed the median line with a 1 Std. deviation on either side and a 2 Std. Deviation lines on the outsides. 1997 to 1999, was a period with the Asian currency crisis and it fell off, but wasn’t a major correction. 2001 showed a full blown bear market, and this happened in 2008. We are now back where it looks more like 2012-2013, which was the start of the Greek European crisis. Thinks we are much closer to that scenario where we are in the area of being in a Buy zone. We have sold off enough that some of the discrepancies (the overvaluations) have not been compensated for by the market. The next cycle should be a Growth cycle rather than an Income cycle.

Rick Stuchberry CANADIAN LARGE & ADRs OPTIMISTIC _N/A View
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