Hudson's Bay Co. HBAYF

Consumer Cyclical

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.

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Hudson's Bay Co. > Thoughts

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Comment by wheeloffortuneon Mar 07, 2019 7:34pm

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Post# 29458655

RE:Thoughts

How is the real estate worth more if the p/bv is 1.275 at $7.61/share? IMO it's another Eddie Lampert and Sears disaster.

hester23 wrote: Just curious on everyones position here.

I've held this stock for about 2 years now. My average is $11 - like everyone else I understand that the value is in the real-estate which is worth more than the retail business.

Is there even more pressure now to do something with this business before even more of the SP erodes?

Few points keep me hopeully.

- Bakers double down on the stock
- More mounting pressure for new CEO to make changes
- Litt
- The Real Estate
(Also remember their partnership with RioCan)

Just curious on everyones opinion