Hudson's Bay Co. HBAYF

Although there is a handful of Litt supporters

[frankstevens17]

on this board the reality is that HBC stock declined about $2 a share after the 3rd quarter results were announced and today's Litt announcement has only managed to help the stock recover a little less than half of that decline. Richard Baker is driving the bus on HBC not Jonathan Litt so don't be fooled by Litt.

[norbu1]

That is the very point, Baker may be driving the bus, but he is driving it over a cliff and Litt is the only one that seems to be willing to correct Baker. No one is saying that Litt is in charge, but I am saying that Litt is the only one opposing Baker. I personally wrote an e-mail to HBC voicing my concerns, never did hear back from them, but I did something. And frankly, for the whiners out

[frankstevens17]

You can bet on Litt if you want but I'll stick with Baker and the other large shareholders who are backing him, namely the Teachers Pension Fund.

[keepgoing67]

Right. Close all these money bleeding useless retail stores and convert these valuable properties into residential properties like Condos or shared work place to attract business and commercial tenants. Make money make sense. Do not repeat what Sears has done and the only result is bankrupsy and investors lose all the money. Retail stores are DEAD.

[frankstevens17]

The shareholders who think the magic answer to making money with HBC stock lies in the real estate should consider that since Baker has more money at risk than anyone who comments on Stockhouse so ask yourself "why would he purposely jeopardize his own investment" with bad real estate investment decisions. If turning the real estate into a quick profit was simple don't you think he

[oceaneleven]

I am ticked with HBC online shopping this year...I ordered a dress shirt for my hubby and a week later they said the order was cancelled as they could not find any in stock...yet they show out of stock when ordering...Just last Friday I ordered a beautiful Ivanka Trump sweater and it has yet to be shipped out....They need to keep up and have good reputation with online sales if they want to be in

[seatleslim]

I haven’t heard anyone characterize the real estate as a magic answer. I don’t think the real estate is even opaque like it would be for a collection of anchor pads in traditional malls. You can dispute whether the values are the same as when they were appraised or when the relevant transactions took place.  In my opinion, those estimates are reasonable if not understated since they don’t

[norbu1]

Your summary is well considered, well stated, and your thought processes which lead to your conclusion are well supported. For similar reasons, I continue to hold HBC. I would be satisfied with 18.00/share and 20.00 would be a bonus. The risk you identified, a take under by Baker, is the only downside to this story, in the long run. In the very long run, real estate will hold up as an investment.