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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 forkliftguyon Jun 21, 2019 7:26am
94 Views
Post# 29848284

Ontario Teachers Pension Plan

Ontario Teachers Pension PlanOTPP has cancelled their sale of their large stake in HBC at $9.45 per share . My 1300 shares will not be accepting the current 9.45 bid . I will follow and accept what OTPP gets for their shares . If the whole thing unravels , then so be it . I will wait until the real estate is properly valued and sold . If the Real Estate is valued at $28.00 per share , then I think that 12 to 14 dollars would be a fair and acceptable price . As an aside , I actually like shopping at the Bay , especially now that Sears Canada is gone . I think I am one of the few people that don't , haven't and won't buy anything on Amazon . It annoys me that they let other companies nicely display the merchandise and then they undercut them on price . I will support HBC , thank you .
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