OTCPK:HBAYF - Post by User
Comment by
seatleslimon Jun 13, 2019 2:25pm
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Post# 29823368
RE:RE:RE:At the call this AM drugstorediva had very little about SAKS
RE:RE:RE:At the call this AM drugstorediva had very little about SAKS"while an appraisal revealed that the Flagship Store itself was worth $4 billion."
I have no idea where you are getting $5B. The appraisal done at the time of the $1.25B mortgage was $3.7B. I can't expain the difference between $4B and 3.7B, the difference is a little over $1/share, and there is a mortgage on the property.
Net equity in that property is somewhere in the 13ish/shr.