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Hudson's Bay Co. HBAYF

Hudson's Bay Co, or HBC, is a Canadian retail business group. The company operates department stores throughout Canada, Belgium, Germany, and the United States under various banners. These banners include Saks Fifth Avenue, Hudson's Bay, Lord & Taylor, and Off 5th in North America and Galeria Kaufhof, Galeria Inno, and Sportarena in Europe. HBC also has investments in real estate joint ventures. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC joint venture.


OTCPK:HBAYF - Post by User

Post by NewAgeInvon Jan 13, 2017 1:08am
234 Views
Post# 25702852

Screaming buy

Screaming buy

With an RSI under 9, this stock is clearly WAAAY oversold. Classic panic selling alongside shorters looking to trigger stop losses. Worst case is one more down day of ~2-3% but once it consolidates (which it already appears to be doing), shorters are going to cover, and deal hunters are going to swoop in. All it will take is one small catalyst from that point to send HBC back into the mid-teens. Bought in today at 9.05 and looking to ride this to ~$14 by the end of Feburary. 

Management, do us as well as yourselves a favor and buy some stock.
HBC is NOT the next Sears, and once the market realises that, this has a massive upside. 
 

All the above is IMHO, not advising anyone to buy nor sell. 

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