OTCPK:HBAYF - Post by User
Comment by
Hakim505on Nov 15, 2018 12:28pm
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Post# 28980656
RE:RE:RE:HBC managements sits around doing nothing
RE:RE:RE:HBC managements sits around doing nothing Did Wework ever close on the L&T Manhattan Sale? Was targetting Nov 13th wiht an option to extend to January. Everyone is hush about it. Wonder if Wework is walking away from it or extending.
They should have taken the Signa offer on Kaufhof last year vs this financially-engineered deal with Singa. Never-the-less the company does have lots of valuable non-Mall real estate assets that could be used for anything other than their retail brand. Even closing the loss-incuring stores is a better idea than running at loss.
I am long HBC for the real estate, waiting for the next move from R. Baker to decide to throw the towl or keep holding. They should emphasize on their Wework partnership and how they can leverage the real state as wework locations, but they are not even doing a good job promoting this. Hopefully before the Real Estate bubble burst.