Post by
skyplt on Jan 12, 2017 3:36pm
Sharks Moving In...
It strikes me as though there is now enough blood in the water (retail investors like us make great chum) to begin attracting the sharks.
No doubt there are some activist investors lurking about and licking their chops at the thought of getting in on the real estate that HBC owns. This is becoming an ideal breakup target...the parts being worth far more than the parts.
I feel like I am watching a Michael Douglas movie.
WRT management...retail investors are not well thought of. We come, we go, we don't vote. Why would they want to cater to us?
Comment by
las5513 on Jan 12, 2017 3:47pm
This stock will just continue to drift lower because the value people feel is in the real estate is just an illusion and never be realized by shareholders.
Comment by
skyplt on Jan 12, 2017 3:54pm
I disagree about the real estate. Look at Canadian Tire and Loblaws. As well, HBC's CFO spun for Sobey's real estate assets. It was even discussed at the last quarterly meeting. Investors are justifiably angry and taking it out on the stock price. But that real estate is not going anywhere. Location, location, location.
Comment by
las5513 on Jan 12, 2017 6:28pm
Only time will tell how the real estate value turns out but don't bet that it will add to the stock price of HBC.