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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 Dec 12, 2017 12:02pm
100 Views
Post# 27138619

Litt Bashers Do NOT Understand

Litt Bashers Do NOT UnderstandBashing Litt for his inability to monetize the real estate holdings of HBC seems to be counter productive yapping and lacking in understanding. Litt seems to be the only one going to bat for the small shareholders. Baker is the nemesis to us making profits here. Why on earth is Baker staying the course with retail when retail is going in a different direction - eg. Amazon and Walmart? So far, Litt has been our only champion. Of course, he wants to make a profit too, fair enough, we have the same goals. Okay, how about this? Litt gets some financing (a minor miracle) and does some kind of leveraged buy out, with a major financial institution and then does the quick flip, with possibly Litt himself taking it private. Or, perhaps Buffet steps in, like he did with HCG, buys a large stake and he backs Litt and they either take it private together or do a flip to whomever. Buffet seems to be more interested in Canada these days.
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