Post by
las5513 on Dec 01, 2017 12:33pm
HBC settles with Land & Buildings.
Today's announcement should finally shut up Jonathan Litt and his gang, and permit HBC management and board to proceed without Litt snapping at their heels which I suspect wasn't much of a distraction but a distraction never the less. *** https://web.tmxmoney.com/article.php?newsid=7942844074285545&qm_symbol=HBC
Comment by
Thechaser on Dec 01, 2017 3:59pm
I wonder what is Richard Baker telling these big guys that one by one they all are agreeing to Rhone’s deal, however retail shareholders are kept out of the loop? Why not share the Info publicly, I believe adding L&B shares would now make ~80% shareholders knowing more than 20% of us?
Comment by
las5513 on Dec 01, 2017 6:27pm
All shareholders should be thankful the clown, Jonathan Litt is now out of of the picture.
Comment by
las5513 on Dec 04, 2017 2:07am
If HBC can report increased sales, smaller loss or small profit in the next couple of quarters I think a $14 stock is possible but the real money for shareholders can only come from the liquidation of real estate and subsequently distribution of the money by way of a special dividend but that wont happen anytime soon.
Comment by
seatleslim on Dec 04, 2017 9:35am
I am in this with a target in the mid 20s over as many as 3 years. That said I would point out that maceys is up 20% in last couple of weeks. I do not believe that maceys was ever as cheap as hbc. I think it also plausible that hbc has a better brand footprint with respect to retail climate.