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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 norbu1on Nov 10, 2017 10:14am
82 Views
Post# 26939044

Some good recent posts

Some good recent postsFirst, thanks to those who posted recently, both informative and objective.  Second, if people are going to rant against Mr. Litt, perhaps those ranters are shorters or they are just complainers.  If you mst rant, rant against the not so fabulous Baker brothers.  I do smell a rat with those brothers.  however, it behooves all of small share holders to compalin to the board.  Why not send in your complaints to the HBC public e-mail address?  If enough of us complain, maybe some positive actions can be taken.  Also, if a special meeting is held and if Litt needs our proxy votes then by gosh, little shareholders must be willing to get off their duffs and do something.

HBC is under valued, Baker brothers seem oblivous to common shareholders' interests and wanting to line their own pockets.  Litt is the only one doing something about this.  

What could be the Baker brothers' motives?  Not sure of the mechanics, but screwing up the market value of HBC and than taking it private would be a first step for them.  The once held privately, they could either re-sell for a huge profit (so 100% of profits are theirs and not 10% of company) or then issue an IPO as a new REIT, thereby making many many more millions than selling out to the Germans/Austrians (which is a good offer under prevailing market conditions, by the way).

Go Litt go, go teachers pension fund go (get in the game!).  Give the Baker brothers hell and lets all make a ton of moolah.
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