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Opinion for Hudson Bay Co. (HBC-T)

Signal Price Bias Subject Owned

$9-$8 is acting as a base. You want to see it break above the range it has been trading in, around $12.95. This is going to run into resistance at about $12.77. The 200-day moving average is coming down as well. If it got above $13, you might want to get rid of half of it and hope the real estate holdings unlocks some higher value.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.

1 Comment


July 3rd 2017 at 1:53am

HBC stock price got a small boost after the Johnathan Litt letter of June 19th became public but other than acknowledging receipt of the letter from Land & Buildings Investment Management there has been no comment from either L&B or HBC. I get the impression Richard Baker has previously considered the options raised in the June 19th letter and is in no hurry to take action. The monetization of HBC real estate looks to be a long drawn out process so investors will have to be patient.

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