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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

Comment by CorporateRebelon Oct 02, 2017 1:42pm
70 Views
Post# 26767234

RE:RE:RE:RE:who would lend them money?

RE:RE:RE:RE:who would lend them money? of course the ability to repay is just as important, and nobody loans money for collateral. You don't need to be involved with corporate lending to know that, if you walk into a retail banking institution you could learn that, from a line of credit to a second mortgage, this is common sense. 


What I am alluding to, is that the real estate valuation is significantly higher than the curent share price market capitalization. Which provides the assumption that the capital required to buy out remaining market shares, at their current price, is lesser than what an independent real estate valuation would yield (if my assumptions are correct, and the information regarding real estate value is somewhat accurate). 

Large financing institutions are always looking for opportunities to loan money, as loaning money is not a public service, so given the right risk mitigants, I would imagine many institutions would be interested. 

Selling a property is the reason why HBC wants to go private, shareholders want real estate monetization and HBC wants to remain a real estate institution. If they have to sell a building for someone to realize thats what its worth, then they would be retarded for doing that to prove a point. 

the only path here is private transition where they would continue what they are doing now, or a real estate monetization effort if that fails. Not much more room for other strategies ultimately.
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