Martin Fridson News
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Billionaire Warren Buffett’s love of ketchup and hash browns is transforming H.J. Heinz Co. into the most-leveraged food maker in America.
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Martin Fridson has departed BNP Paribas SA’s investment manager as its global credit strategist.
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Speculative-grade debt offers an attractive buying opportunity for investors as relative yields on the securities are elevated, according to Martin Fridson, global credit strategist at BNP Paribas Investment Partners.
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Corporate debt is “fairly valued” even as the Federal Reserve is poised to hold down interest rates for too long, stoking higher inflation and hurting savers, according to Martin Fridson, global credit strategist at BNP Paribas Investment Partners.
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Dave & Buster’s Inc. , the closely held operator of restaurant-entertainment complexes, is planning to sell debt as investors accelerate withdrawals from mutual funds specializing in high-yield, high-risk bonds.
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Allegiant Travel Co. , the passenger airline that caters to leisure travelers in small cities, pulled its debt offering as Europe’s financial crisis discourages investors from buying corporate bonds.
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Yields on speculative-grade bonds are justified by expectations for the economy and the ability of companies to meet their debt obligations, according to BNP Paribas Asset Management’s Martin Fridson .
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U.S. junk-bond relative yields are adequately compensating investors for the possibility of a recession, according to Martin Fridson, New York-based global credit strategist at BNP Paribas Investment Partners.
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Speculative-grade bonds may rally after relative yields on the debt climbed to the highest level since June 2010, according to Martin Fridson, global credit strategist at BNP Paribas Investment Partners.
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Accuride Corp., the Evansville, Indiana-based maker of wheels for trucks and trailers, is marketing debt as high-yield, high-risk issuance surpassed $1.7 billion for the second time in a month.
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