Post by
Ranger56 on Nov 28, 2018 11:50am
Activist Investor back in play
With an activist investor back in play today, this can help. Land & Buildings have identified how deeply undervalued HBC is relative to their real estate. They will rock the boat once again and attempt to make changes at the board level and drive intense pressure to monitize their real estate. Look forward to seeing how this round of pressure goes. Normally a good time to buy the stock for a trade when the value case is clear and an activist investor enters the sceen.
https://www.businesswire.com/news/home/20181128005438/en/Land-Buildings-Issues-Letter-Hudson%E2%80%99s-Bay-Shareholders/?feedref=JjAwJuNHiystnCoBq_hl-XEemlDQ6NgDkiei3bSxnzGlJCVVeQL8sr5Wvng8AXxRSfe41V1BKA-b6v2ZVrSSNs-dUYKiDvY7XniNSqv88QcY1Ge_vf9QIMZ4alzIf_0HE01s4RTGeX_C4TDnN9C9Cg==
Comment by
nolipstick on Nov 28, 2018 2:50pm
Only problem is that Baker and Rhone have a control block vs Litt's 5%. In addition, I'm not sure that Cd'n securities laws are as friendly to activists as in US. Little wonder that Baker never got a listing for HBC in the US....
Comment by
Ranger56 on Nov 28, 2018 3:49pm
True. No argument there. But at least this will be in the headlines again, public pressure once again to act, a giant reminder of the value in this name and visible to all, and Baker and company being the obstacle to value realization. Public pressure is a catalyst for action and a change in investor sentiment. Having said that...this is just a trade only until the retail side is fixed.
Comment by
nolipstick on Nov 28, 2018 4:36pm
Good post Ranger...As in the last 50 years, HBC is worth more dead than alive.....