August 18, 2013 Comments

On Friday the S&P 500 was down 0.3% and Toronto was up 0.3%.

Our stock picks were mostly up.

I have read the reports for Liquor Stores N.A. and crunched the numbers and will plan to post the report on Monday. As of right now I would rate it (lower) Buy at $15.98. I may buy some. The convertible debentures pay 5.85% and trade at about 103 (103% of par). The conversion price is $24.90 and maturity is April 30, 2018. These are worth considering as fixed income. I might enter a buy at 100 and see if I can get any.

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