Hudson's Bay Co. HBAYF

in the end, could it be HBC gets taken private???

[downwithdotcom1]

why else would this have happened -"Baker agrees to buy shares at 9.45/share from Teachers pension fund, adds 9.7% to his stake" . Not sure if the various minority shareholders will be happy with the takeout price thou...dwdc

[hester23]

Anything is honestly on the table, i've often thought about this as well. Baker takes the whole thing private. As much sh*t as people talk the real-estate can be converted into condos, hotels, office space whatever.  Take a look at what they own - nearly every major city in north america has an HBC property in the downtown core. NYC, Toronto, Chicago, Montreal, Calgary, etc. I dream for

[wheeloffortune]

No, there's also debt attached to these properties and you can't convert gigantic retail into residential for 1) fire code requires a window in each bedroom, so is it cheaper tear down half the building for a center courtyard if there's nothing above it or demolish and build new?  You can't do it as it stands.  So now you're selling land - debt - demolition costs; 2

[hester23]

It takes a real special kind of stupid to disregard the value of some of the earths most valuble real-estate by saying there has to be windows in each room. The debt will be reduced thats why they are streamlining and closing stores. This is a real-estate play and it is currently discouted by AT LEAST 20 points

[wheeloffortune]

Oh ya, it takes a special kind of stupid to think the debt and large losses will magically disappear with this management team and you'll get your $12/share back.  They've run this place to the ground with current $2.90/share losses and this proves they can be trusted to pull this off?? There's no hidden real estate value after deducting the debt and transaction costs. 

[nolipstick]

Owning this stock is not gor wheelspinners. Watch and LEARN.

[wheeloffortune]

A couple months ago, you told me to watch and LEARN.  I've learned you've lost over a buck now.  There's no pot of gold at the end of this rainbow.