RE:HBC's one property alone is worth $12 per shareWell...since we are quoting the banks, I might as well regurgitate what Scotia has to say...it is seldom I see an analsyst describe something as "screaming". But again, remember the value of free information (0):
"We continue to believe there is value screaming
to be unleashed here, but investors need to see both better retail performance
(some of which awaits a better backdrop) and visibility on catalysts. Neither look
forthcoming N/T. Revised guidance sees our target lowered to $14.50 and rating
moved to Sector Perform."