Hudson's Bay Co. HBAYF

Time to buy

[88guy88]

everyone hates it except John Zechner.....smart guy....its cheap....just need to jump in ...its the hardest thing to do to buy when others are in panic mode and do the opposite of the herd....but thats when you make the most money....

[frankstevens17]

John Zechner loved HBC when it was trading much higher than the current price so I suspect his predictions are just wishful thinking and not realistic.

[Pivotcatalyst]

his thesis is the real estate side is worth $20-$25  they have now been motivated to realize value from it ..... it will be sooner than later IMO

[las5513]

John Zechner was touting this stock on BNN in December 2015 at $21 and then the dummy came back on BNN a year later on December 23, 2016 when the stock price was about $13 and was plugging it again, he just doesn't seem to know when to quit riding a dead horse. All this foolishness about the value of HBC real estate is just a dream because retail real estate doesn't have nearly as much

[88guy88]

really??....telll that to the people who own real estate housing...detached and condos in Vancouver and Toronto.....if anything the value of the HBC assets is way up and going to continue to climb...the real estate is not only valuable to another retailer but also just a developer in general for any number of reasons..

[MrBigger]

Vancouver/TO housing is in a bubble because of the C$, low interest rates and foriegn money pouring into those 2 areas.  No relationship to commercial retail RE where companies like HBC are lsoing money every quarter. Tough to keep paying big rent when everyone is buying online. Next shoe to drop will be SEARS going bust in the USA.

[frankstevens17]

I agree MrBigger, Sears going under is next then all the retail real estate will be selling for next to nothing.

[frankstevens17]

The residential real estate market is in for a surprise downturn also but if you think it's going higher from here then join with John Lechner and jump on this VALUE TRAP but be ready to bail out if it hit's $8.

[88guy88]

John Zechner is very pragmatic and realistic in his comments on stocks....he is one of the more respected and credible fund mangers that comment on BNN on  a regular basis....his assessment of HBC is sound in my opinion....stock trading below book value and it pays a dividend with great assets....it just takes the market awhile to catch up to what real value is....markets overdo it on the