No. of Recommendations: 0

Pull T&S for WeyCo's bonds. They've made some recovery off their lows. Also, Willamette Industries is wholly owned by Weyco and, sometimes, their bonds trade at a slight discount to those of WY.

What I like about Weyco is that they've got real assets, land and trees, and global operations. To buy their bonds is a bet on recovery. But trees have long harvest cycles, so the urgency to recover isn't quite as dramatic with WY as with some other companies.

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