Michael Decter
Hudson's Bay Co (debenture)
HBC.DB.A-T
PAST TOP PICK
May 14, 2014
(A Top Pick March 21/13. Up 18.8%.)Sold his holdings in February, but will probably continue to trade it. Might buy this again as the underlying real estate is good. Thinks there is good value here.
An alternative to cash where some income yield can be picked up as well as being exposed to some potential upside. Yield to the first call (2006) is about 5.5% and the final call (2008) is 6.5%. Good in a takeover or earnings recovery.
(A Top Pick March 21/13. Up 18.8%.) Sold his holdings in February, but will probably continue to trade it. Might buy this again as the underlying real estate is good. Thinks there is good value here.