OTCPK:HBAYF - Post by User
Comment by
bluejay100on Sep 11, 2018 1:40pm
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Post# 28598610
RE:Baker's Incompetence Continues
RE:Baker's Incompetence ContinuesI don't think that's an entirely accurate summary! HBC has also acquired half the other party's business and half its real estate assets, plus the $616M. To some extent, though, it's rearranging the deckchairs on the Titanic unless they can find a way to unlock the value in liquid assets (cash).
My big problem with Baker is he doesn't like to cash in on his assets - he holds on to them too long and that is a problem for shareholders when the retail side of the business isn't generating any cash/dividends.
I don't want to have to hold the shares for a generation to make money!
nolipstick wrote:
The way I see it-HBC paid 3,8 billion for Kauphof and is now limping away with $616 million, having essentially sold 50% of it. He has no retail experience, questionable real estate skills and is lacking in people skills, witness the revolving doors with senior management.
Unless L & B can do something soon, I'm getting the puck outta here.