Hudson's Bay Co. HBAYF

Is now the time to buy?

[Ranger56]

Congrats to those who anticipated this go private deal would not happen easily or perhaps not at all. Seems many have lost patience now and selling out at an appropriate time...tax loss selling.
The recent sell down puts the market cap at about 1.5B. Forgeting about the go private deal all together and assume it won't happen, we are back to 1.5B + debt being well below just the real estate value. I concede the retail business is a loser and cannot give any value for that. HBC assets are in desperate need of repurposing taking advantage of prime locations. A store within a store leasing for better reatailers to utilize the space or using the real estate for other non retail ventures. The Baker management is just not capable of transforming HBC. It needs a complete new board and management team. But with "the Baker group" having 57% ownership that is not likely to happen anytime soon.
So you are left with prime real estate at a compelling price. If you are lucky Catalyst wants to buy more shares again and makes another tender offer, or perhaps Baker makes more disclosures and improves his offer, but who has any faith in Baker. I am thinling of taking a shot at this during the last few days of tax loss selling.

[Maxmoe]

There's also window dressing selling right up to the last trade of the calendar year. Institutional funds like pension funds, mutual funds, etf funds etc report their holdings based on the trade date, not settlement date, like tax returns.  

[TeamEddie]

depends on your tolerance and time frame

[estebancaballo]

Such helpful advice....do you tell fortunes too?

[bmeister2]

Sounds like a plan, Ranger. Baker is not to be trusted but I will accept his $ if he makes a bid over 11 bucks. Naturally  he wants it for peanuts.