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Hudson's Bay Co. HBAYF

Consumer Cyclical
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

Hudson's Bay Co. > HBC
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Post by JimmyB73on Sep 06, 2017 5:08pm
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Post# 26663473

HBC

HBCEventually .. the market will take the keys away... sold to me and breakup.  The big boys out of NYC will get involved further...

Intersting to note that L&B comments that HBC has a potential bidder for GK...

"Further, we believe there is a highly-qualified third-party buyer with serious interest in the Company’s European banner, Galeria Kaufhof, at a value approaching C$10 per share and at a premium to what Hudson’s Bay paid several years ago."

Read the letter .. this is going to get "unfriendly."  I agree with Litt... burning cash fighting current trends is not going to cut it.
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