Stockchase Opinions

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.
$105.000

Stock price when the opinion was issued

department stores
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BUY
Good price.
DON'T BUY
High risk at this point.
PAST TOP PICK
(A Past Top pick Sept 17/04.) Still likes. Gives a nice steady return and has grown in value.
DON'T BUY
Very illiquid debentures. Fundamentally, all the shares of soft good retailers and department stores are challenged at this time.
PAST TOP PICK

(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.