Hudson Bay Co. | StockChase
334
Hudson Bay Co. (HBC-T)

Last Price Recorded: $10.4800 on 2017-12-15

ON STOCKCHASE SINCE Oct 2000

department stores
334
Hudson Bay Co. (HBC-T)

Last Price Recorded: $10.4800 on 2017-12-15

ON STOCKCHASE SINCE Oct 2000

department stores

Hudson Bay Co.


Signal Opinion Expert
COMMENT
Hudson Bay Co.(HBC-T) 

December 15, 2017

Has been hearing about their real estate value for years. The hedge funds are saying this $10 stock has $31 of value if they do something with the real estate valuation. He is not sure how long investors are willing to wait. Meanwhile, the retail business and industry are not doing very well at all. They really have to get it together. Either do something with the real estate, or not. He doesn't like recommending companies that "might" do something.

department stores

Has been hearing about their real estate value for years. The hedge funds are saying this $10 stock has $31 of value if they do something with the real estate valuation. He is not sure how long investors are willing to wait. Meanwhile, the retail business and industry are not doing very well at all. They really have to get it together. Either do something with the real estate, or not. He doesn't like recommending companies that "might" do something.

department stores
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$10.480
Owned Owned
Unknown

COMMENT
Hudson Bay Co.(HBC-T) 

December 6, 2017

This is basically a bet on real estate. Can they realize the value on their real estate? On the retail side, they have a lot of debt. Just reported negative earnings.

department stores

This is basically a bet on real estate. Can they realize the value on their real estate? On the retail side, they have a lot of debt. Just reported negative earnings.

department stores
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$10.350
Owned Owned
No

COMMENT
Hudson Bay Co.(HBC-T) 

December 5, 2017

A very interesting story because it kind of represents a “push me-pull me” situation. They have spent a lot of time building what they’ve got, and outside hedge funds are seeing about $35 of value, which is not being represented by the stock price. Thinks the company will resist selling assets unnecessarily, except for what they need to support the balance sheet. An interesting speculation and you are just going to have to wait and see.

department stores

A very interesting story because it kind of represents a “push me-pull me” situation. They have spent a lot of time building what they’ve got, and outside hedge funds are seeing about $35 of value, which is not being represented by the stock price. Thinks the company will resist selling assets unnecessarily, except for what they need to support the balance sheet. An interesting speculation and you are just going to have to wait and see.

department stores
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$11.900
Owned Owned
No

TOP PICK
Hudson Bay Co.(HBC-T) 

November 17, 2017

Richard Baker is regarded as the best man in the ghastly department store sector. Had a meeting about a month ago and it was intriguing to hear him talk. He is very creative, and expected to create more things. Dividend yield of 0.4%. (Analysts’ price target is $13.75.)

department stores

Richard Baker is regarded as the best man in the ghastly department store sector. Had a meeting about a month ago and it was intriguing to hear him talk. He is very creative, and expected to create more things. Dividend yield of 0.4%. (Analysts’ price target is $13.75.)

department stores
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$11.290
Owned Owned
No

WEAK BUY
Hudson Bay Co.(HBC-T) 

November 13, 2017

Retail has not done well.  Eaton’s used to be the largest retailer on the face of the earth.  Retail then was very different than the way it is done now.  You have to look at AMZN-Q.  He thinks, however, HBC-T will do relatively well this season.

department stores

Retail has not done well.  Eaton’s used to be the largest retailer on the face of the earth.  Retail then was very different than the way it is done now.  You have to look at AMZN-Q.  He thinks, however, HBC-T will do relatively well this season.

department stores
Brendan Caldwell

President, Caldwell Securities...

PricePrice
$11.750
Owned Owned
No

TOP PICK
Hudson Bay Co.(HBC-T) 

November 6, 2017

This is basically about the real estate. A controversial call, as the company is bleeding cash and they have high debt, so why would you own it. Their land and buildings are going to start to push the button a little, to get the difference between what it is trading at and what the real estate value is. Dividend yield of 0.4%. (Analysts' price target is $13.75.)

department stores

This is basically about the real estate. A controversial call, as the company is bleeding cash and they have high debt, so why would you own it. Their land and buildings are going to start to push the button a little, to get the difference between what it is trading at and what the real estate value is. Dividend yield of 0.4%. (Analysts' price target is $13.75.)

department stores
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$11.950
Owned Owned
Yes

WATCH
Hudson Bay Co.(HBC-T) 

October 31, 2017

The chart is showing consolidation. It is finding a lid and is possibly finding a floor. He wouldn't buy this unless it breaks the $12-$13 level. If it breaks out to the upside on some volume, he would be interested. It has stopped going down, so the downtrend is over.

department stores

The chart is showing consolidation. It is finding a lid and is possibly finding a floor. He wouldn't buy this unless it breaks the $12-$13 level. If it breaks out to the upside on some volume, he would be interested. It has stopped going down, so the downtrend is over.

department stores
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$11.270
Owned Owned
Unknown

DON'T BUY
Hudson Bay Co.(HBC-T) 

October 26, 2017

It is a tricky one.  He has been a shareholder in the past.  He recommends staying away because it is a complicated situation.  He questions issuing equity that is dilutive if there was so much value in their real estate.  If the retail business can’t afford to pay the rent eventually then it does not substantiate the value on those properties.

department stores

It is a tricky one.  He has been a shareholder in the past.  He recommends staying away because it is a complicated situation.  He questions issuing equity that is dilutive if there was so much value in their real estate.  If the retail business can’t afford to pay the rent eventually then it does not substantiate the value on those properties.

department stores
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$11.560
Owned Owned
No

BUY
Hudson Bay Co.(HBC-T) 

October 17, 2017

Thinks this probably should be bought here. Thinks it is a nice, patient Hold.

department stores

Thinks this probably should be bought here. Thinks it is a nice, patient Hold.

department stores
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$11.990
Owned Owned
Unknown

COMMENT
Hudson Bay Co.(HBC-T) 

October 6, 2017

Has added to his holdings in the last couple of months. He understands how bad retail is because of Amazon competition. On the other hand, it is too hard for him to ignore what the potential valuation is on the real estate side. If there is $30 worth of real estate assets, they are going to find a way to surface it. The risk/reward is pretty good.

department stores

Has added to his holdings in the last couple of months. He understands how bad retail is because of Amazon competition. On the other hand, it is too hard for him to ignore what the potential valuation is on the real estate side. If there is $30 worth of real estate assets, they are going to find a way to surface it. The risk/reward is pretty good.

department stores
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$12.210
Owned Owned
Yes

COMMENT
Hudson Bay Co.(HBC-T) 

September 28, 2017

This one is hard. Missed on Q2 again, where they missed $.90. Margin compression was an issue again. There are headwinds for retail, especially for department stores. However Saks did beat their best comp in 2 years. HBC also had some pretty good comps. There are better trends in retail so far for Q3, and there is optimism for the 2nd half. This is a risky name. It is very hard to model, as they don’t have any clear earnings path. When stocks are really hard to model, often they are the best buy.

department stores

This one is hard. Missed on Q2 again, where they missed $.90. Margin compression was an issue again. There are headwinds for retail, especially for department stores. However Saks did beat their best comp in 2 years. HBC also had some pretty good comps. There are better trends in retail so far for Q3, and there is optimism for the 2nd half. This is a risky name. It is very hard to model, as they don’t have any clear earnings path. When stocks are really hard to model, often they are the best buy.

department stores
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$13.130
Owned Owned
Yes

COMMENT
Hudson Bay Co.(HBC-T) 

September 8, 2017

Seasonality doesn’t really apply, because they have been going under a major restructuring. Fundamental analysts say it has real estate value at around $35 a share, and is currently trading at $12.75. There have been some activist investors trying to get the company to do something with the assets, such as capitalizing them and making them into condos. During the last couple of days, the stock has been in a trading range, and yesterday it broke above that base building pattern, for the 1st time in 6 months, which is very, very bullish. He would guess that there are some activist investors behind this scenario that are boosting the value of the stocks.

department stores

Seasonality doesn’t really apply, because they have been going under a major restructuring. Fundamental analysts say it has real estate value at around $35 a share, and is currently trading at $12.75. There have been some activist investors trying to get the company to do something with the assets, such as capitalizing them and making them into condos. During the last couple of days, the stock has been in a trading range, and yesterday it broke above that base building pattern, for the 1st time in 6 months, which is very, very bullish. He would guess that there are some activist investors behind this scenario that are boosting the value of the stocks.

department stores
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$12.660
Owned Owned
Unknown

COMMENT
Hudson Bay Co.(HBC-T) 

September 5, 2017

Thinks it will be quite a while before they actually close their doors. It is one of the stocks he has been lucky on in that he got out at $17. Wonders how department stores can create a new formula for their existence. The real estate is important, and you can buy this for a recovery on sheer speculation that it goes up later. The underlying value of the real estate is quite substantial.

department stores

Thinks it will be quite a while before they actually close their doors. It is one of the stocks he has been lucky on in that he got out at $17. Wonders how department stores can create a new formula for their existence. The real estate is important, and you can buy this for a recovery on sheer speculation that it goes up later. The underlying value of the real estate is quite substantial.

department stores
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$11.270
Owned Owned
No

SELL
Hudson Bay Co.(HBC-T) 

August 29, 2017

This is such a sectoral challenged business being a department store. A lot has been discussed about its valuable real estate, but at the end of the day it’s the stores they are operating that cannot afford the lease payments to be in those prime locations. Ultimately, at some point, the model breaks down.

department stores

This is such a sectoral challenged business being a department store. A lot has been discussed about its valuable real estate, but at the end of the day it’s the stores they are operating that cannot afford the lease payments to be in those prime locations. Ultimately, at some point, the model breaks down.

department stores
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$11.760
Owned Owned
No

DON'T BUY
Hudson Bay Co.(HBC-T) 

August 23, 2017

It is a roll of the dice.  The retail business is mature and declining.  It is a play on real estate.

department stores

It is a roll of the dice.  The retail business is mature and declining.  It is a play on real estate.

department stores
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$10.600
Owned Owned
Unknown

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