Bullboard - Stock Discussion Forum Hudson's Bay Co. HBAYF

Consumer Cyclical

Hudson's Bay Co, or HBC, is a Canadian retail business group. The company operates department stores throughout Canada, Belgium, Germany, and the United States under various banners. These banners include Saks Fifth Avenue, Hudson's Bay, Lord & Taylor, and Off 5th in North America and Galeria Kaufhof, Galeria Inno, and Sportarena in Europe. HBC also has investments in real estate joint ventures... see more

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Hudson's Bay Co. > No catalyst to move it higher

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Post by 88guy88 on Apr 26, 2019 12:40pm

No catalyst to move it higher

at this point....next quarter results will likely be soft and price will stay down or fall more...only thing that will move this up in value is some sort of real estate move and they are not going to do that at his point....I still think they have the ego to think they can actually save the retail and we all know that will not happen......

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Comment by hester23 on Apr 26, 2019 2:49pm

Yes and no... as much as I am frustrated by this stock I feel they are not dumb enough to not know that something has to be done. The real question is - is if the execution of the plan to cut stores, shrink and focus on profitable lines (Saks etc.) and do something with the real-estate that is worth more than the entire retail arm is AGRESSIVE enough. Anyway im in at 10.80 - picked some ...more

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Comment by 88guy88 on Apr 26, 2019 6:07pm

Not in yet.....management will drag their feet and put off doing anything....eventually they will take some bold action but by then the stock will continue to drift down below the psych level of $7 and test the $6.80 point and likely over shoot that ......around $6.50 ish likely in my opinion

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Hudson's Bay Co.