Hudson's Bay Co. HBAYF

TeamEddie

[oceaneleven]

wears egg on da face eh!!!!!!!!

you gotta luv this:

"It has been a revelation to us how far Richard Baker will go to acquire this iconic company for as cheaply as possible, without putting up a penny of his own money. Last year insiders disclosed a value of $28 per share for the real estate and now they want us to believe that over $2.5 billion of value has conveniently and suddenly disappeared.  HBC has not protected its minority shareholders and has allowed its large and sophisticated shareholders, apparently in breach of a standstill and duty of confidence, to create a control position with the benefit of insider information.  This ultimately led to a corrupted valuation process in which metrics were handpicked to guide to a desired conclusion.