OTCPK:HBAYF - Post by User
Post by
Nossy45on Jan 12, 2017 1:08am
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Post# 25697783
Been waiting for this for some time (it's good to see)
Been waiting for this for some time (it's good to see)Here are the reasons for the fall.
- Analyst appraise REIT spin off at $12 - 15 per share.
- Analyst appriase Retail component at $8 - 13 per share.
- Poor Retail environment means delay on REIT spin off (no longer included in valuation)
- Since buying Kaufkof in 2015, expansion into Europe underway (140+ stores ready to go in 2018 - 2020)
- HBC Europe, and SAKS brands will be introduced to Euro market in 2017 - 2020
- Euro expansion has cost money (250 million per year), this is weighing on earnings
- EURO weakness is eroding results out of Europe
These reasons pretty much sum up the reason the results aren't great. $8 should be a floor. Under $9, and it's approaching the fair value of the retail operations.