David Baskin Brascan Corporation (Pref-S) BAM.PR.S-T TOP PICK Feb 19, 2002

Preferred Shares’ spreads have widened. If you are looking for income, they are a perpetual preferred. Trade at about $16, yielding 9%. If no inflation, then you have a trading opportunity as they migrate back to $25 par. If you want growth, the common equity is the place to be.

Questions why you would own this when you can own something like Rogers (RCI.B-T). Thinks they will boost the dividend.