Hudson's Bay Co. HBAYF

RE:RE:I don't get it...

[Bookends]

I'm certain the shaddy Spinelli evaluator from CBRE was guided in his appraisal with subjective criterias selected by Baker/The Special Committee...

Every appraisal on their properties were made by Wakefeild/Cusheman... Expect for CBRE? Why is that?

If real estate in Manhattan was genuienly down 50%... Then the entire block/city would be down just the same... And there would have been tons of headlines about it...
 

I say BS, real estate is up in Manhattan, as to everywhere else, as people accept to pay lower and lower Cap Rates on brick. Central banks have kept rates super low and there is no way such an asset could have lost half the value over the time span.

If anything the rent decrease is probably enough to counter the natural value increase on the property and they could get out flat from 2014 at 4 billions.

There are a ton of Chinese buyers lined up for prime NYC real estate and they should try to put it up for sale at 4 Billion and see for themselves what happens.