Hudson's Bay Co. HBAYF

The HBC real estate valuation situation is

[frankstevens17]

becoming a tired and boring story, and has done nothing very positive for the stock price in the last 6 months. I'm afraid those of us who bought HBC shares to cash in on a deeply discounted stock price situation will be as disappointed in the coming months as we have been in the past 6 months. If the real estate is really worth about $35 a share who would buy your shares if HBC suddenly started trading at or near that price, the short answer is nobody because there wouldn't be any upside left for the purchaser. After saying my thoughts on the outlook for this stock I know there's a lot of room between the current price and $35 but a substantially higher stock may take considerably longer than existing shareholders are prepared to wait.

[seatleslim]

My approach on “deep value” is don’t touch it unless you have a 3 to 5 year time frame, have thorough understanding as to why the stock is selling at a fraction of value and be able to stomach a 20-50% drop in value before winning. Ludicrously price stocks have a tendency to became more ludicrously priced.  Take the current situation. I do believe the real estate nav represented by the

[las5513]

Your comment contain some very good thoughts Slim, particularly the 3rd paragraph. ***Why does stock sell at this valuation? Retail is redlined and L&B has likely created some paranoia in its efforts to coerce change - a strategy it is marketing to the clients of its hedge fund. Will management use the value of the real estate and squander it on a retail operation that will lose money in