Hudson's Bay Co. HBAYF

HBC settles with Land & Buildings.

[las5513]

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

[Thechaser]

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?

[las5513]

All shareholders should be thankful the clown, Jonathan Litt is now out of of the picture.

[Mt69sinai]

I am glad this clown is out of the pic for now,,,BUT I still happen to believe that with all his meddling around the past 6 months the pps has risen a bit and held,.. It's quite possible that without this tool trying to intervene the past 6 months the pps may currently still be under $10!?,,, I believe financials come out this week?? Do you think there is any possible chance (more than 20

[las5513]

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.

[seatleslim]

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. 

[las5513]

Slim I suspect the 20% bump in Macys has something to do with the general opinion there is an overall improvement in retail but only time will tell if that's true for all retailers or just a few specific retailers. HBC has been mired in controversy with a few issues that have clouded the financial numbers, but hopefully when management makes a statement on December 6th the picture will become