Ross Healy
Hudson's Bay Co (debenture)
HBC.DB.A-T
TOP PICK
Sep 17, 2004
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.