Hudson's Bay Co. HBAYF

I think the original Sears comment was

[las5513]

closer to the truth than this BS explanation by the CFO Jason Hollar. *** "In its annual report filed Tuesday with the SEC, Sears added new language saying its historical operating results indicate substantial doubt exists related to the companys ability to continue as a going concern. The disclosure sent the companys shares 12.3% lower Wednesday. CFO Jason Hollar wrote a blog post to clarify the statement, saying it was meant to comply with regulatory standards that require companies to explain any risks to investors. Despite being a going concern, Sears is a viable business that can meet its financial and other obligations for the foreseeable future, Hollar said.

[skyplt]

The change in Sears' wording had little to do with Sears and everything to do with changed reporting requirements by the government.  Effective the beginning of 2017 companies are required to make those type of assessments.

[las5513]

I don't doubt your comment skyplt but a couple of years ago one of the Alberta oil companies I held stock in publish the same phrase and I took it very casually. The company was Twin Butte Energy and is now bankrupt and the stock has been delisted, so I take the "going concern" comment seriously. The fact that Sears has several brands up for sale convinces me they would rather sell

[skyplt]

I hear you loud and clear!  I suffered significant losses with Nortel as I thought it was "too big and too much of an institution" to fail.  I also suffered losses when Suncor took over Canadian Oil Sands.  So indeed, I take all of these comments seriously.  But HBC is not Sears.  The bottom line for Sears is captured quite well in this report: Yet just

[las5513]

Based on the fact that we can remember the Nortel fiasco obviously we've both been down the stock market road a few miles. I would like to think I've learned my lesson but then greed rears it's ugly head and damned if I don't make the same mistakes all over again but let's hope we can escape making a dumb mistake with HBC.

[skyplt]

Same page...exactly. In January I took half of my investments and switched over to GICs.  It was painful to do as I like the idea of significant capital gains.  I locked it in for 2 years.  I am so thankful I did as a few times I was tempted to "buy on the dips".  But with HBC there really has not been any dips of late, just a falling knife. Like to see on green day

[las5513]

I didn't vote for Trudeau but thank god yesterday's budget didn't put the screws to the stock market.

[skyplt]

HBC management has taken a few hits on this site as they have not come out with any announcements.  I am hoping this is a positive sign and that they have just kept calm and carried on in the midst of all of this.  Folks talk about the "Trump Bump" of which HBC certainly has not participated in.  They have been taking it on the chin because of all the retail woes out there