Hudson's Bay Co. T.HBC

RE:RE:RE:RE:Letter to the board

[las5513]

The article in the link is dated August 2011 so it's been in effect for several years. Does anyone know the impact of this partnership or if it's even been measured? I would agree the market cap is very low in fact Friday morning the stock price reached an all time low prior to a mild recovery to the upper $8 range at the close. No doubt the majority who are long this stock are underwater it's just a matter of how much and how long before major institutions throw in the towel and sell. My major concern is and has always been if HBC loses the support of the Ontario Teachers Pension Fund that could be the final nail in the coffin for Canada's oldest retailer. Sorry I can't be more positive about this situation but it is what it is, essentially a train wreck.