The Howard Hughes Corporation (NYSE: HHC) Is A Bet on Las Vegas' Economic Recovery

Most people are familiar with the name Howard Hughes. The eccentric, reclusive billionaire died in 1976, but his legacy lives on in film, aviation and industry.
Today's stock pick, The Howard Hughes Corporation (NYSE: HHC), was founded by the ultra-successful businessman. The company is a major real estate management and development firm, headquartered in Dallas.
The firm has been bought and sold several times. Most recently, it was spun off as its own entity from General Growth Properties (NYSE: GGP) in 2010.
Since the spinoff, HHC has exploded. The aggressive uptrend started in January 2012, with shares more than tripling in value from around $45 to just below $150 currently.

The Federal Reserve's accommodative, easy money policies helped fuel this real estate company's rally, and I think there is more upside ahead. (more)
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