Hudson Bay Co. | StockChase
331
Hudson Bay Co. (HBC-T)

Last Price Recorded: $11.2400 on 2017-11-23

ON STOCKCHASE SINCE Oct 2000

department stores

Hudson Bay Co.


Signal Opinion Expert
     

2017-11-17

TOP PICK
Hudson Bay Co. (HBC-T)

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 & Associates

Price: $11.290
Owned: No

2017-11-13

WEAK BUY
Hudson Bay Co. (HBC-T)

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

Price: $11.750
Owned: No

2017-11-06

TOP PICK
Hudson Bay Co. (HBC-T)

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

Price: $11.950
Owned: Yes

2017-10-31

WATCH
Hudson Bay Co. (HBC-T)

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 Management

Price: $11.270
Owned: Unknown

2017-10-26

DON'T BUY
Hudson Bay Co. (HBC-T)

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 Ltd.

Price: $11.560
Owned: No

2017-10-17

BUY
Hudson Bay Co. (HBC-T)

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 & Associates

Price: $11.990
Owned: Unknown

2017-10-06

COMMENT
Hudson Bay Co. (HBC-T)

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

Price: $12.210
Owned: Yes

2017-09-28

COMMENT
Hudson Bay Co. (HBC-T)

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 Management

Price: $13.130
Owned: Yes

2017-09-08

COMMENT
Hudson Bay Co. (HBC-T)

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 & EquityClock.COM

Price: $12.660
Owned: Unknown

2017-09-05

COMMENT
Hudson Bay Co. (HBC-T)

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 & Associates

Price: $11.270
Owned: No

2017-08-29

SELL
Hudson Bay Co. (HBC-T)

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 Ltd.

Price: $11.760
Owned: No

2017-08-23

DON'T BUY
Hudson Bay Co. (HBC-T)

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 & Associates

Price: $10.600
Owned: Unknown

2017-07-27

WEAK BUY
Hudson Bay Co. (HBC-T)

You have to get your head around the value of their real estate.  The whole retail space is under tremendous pressure.  It is just a question of when they are going to unlock those assets.

department stores
Andrey Omelchak

President & CIO, LionGuard Capital Management

Price: $10.770
Owned: Unknown

2017-07-13

HOLD
Hudson Bay Co. (HBC-T)

The real estate play on this has caught people’s attention.  A lot of the stores could not really afford to pay.  They have to wait to pay out until they are more profitable. 

department stores
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $11.110
Owned: Unknown

2017-07-10

DON'T BUY
Hudson Bay Co. (HBC-T)

The retail space is a very difficult space.  The core of their business is retailing, but the story is about retail and acquisition.  As a real estate company they are getting near the bottom. but as a retailer there is really very little value.  He does not like any retailers.

department stores
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Management

Price: $10.740
Owned: Unknown

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