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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 las5513on Mar 23, 2017 7:29am
87 Views
Post# 26018663

I think the original Sears comment was

I think the original Sears comment wascloser to the truth than this BS explanation by the CFO Jason Hollar. *** "In its annual report filed Tuesday with the SEC, Sears added new language saying its historical operating results indicate substantial doubt exists related to the companys ability to continue as a going concern. The disclosure sent the companys shares 12.3% lower Wednesday. CFO Jason Hollar wrote a blog post to clarify the statement, saying it was meant to comply with regulatory standards that require companies to explain any risks to investors. Despite being a going concern, Sears is a viable business that can meet its financial and other obligations for the foreseeable future, Hollar said.
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