Hudson Bay Co.

HBC-T

TSE:HBC

10.88
0.02 (0.18%)
The Hudson's Bay Company, commonly referred to as The Bay, is a Canadian retail business group. A fur trading business for much of its existence, HBC now owns and operates retail stores in Canada, the ...
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Analysis and Opinions about HBC-T

Signal
Opinion
Expert
PARTIAL SELL
PARTIAL SELL
December 31, 2019
Nicknames it Hit By A Car like its chart. HBC is all about its real estate holdings; that's the reason you own this. Doesn't know if the current rally signals a buy. Can't predict this chart. Even consider selling it.
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Hudson Bay Co. (HBC-T)
December 31, 2019
Nicknames it Hit By A Car like its chart. HBC is all about its real estate holdings; that's the reason you own this. Doesn't know if the current rally signals a buy. Can't predict this chart. Even consider selling it.
DON'T BUY
DON'T BUY
December 2, 2019
It's a saga. The latest is that an activist has come in during this sale to complicate things. We'll see where it goes. A few parties want to buy it and see more value than the current share price. But overall he's not positive about HBC.
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Hudson Bay Co. (HBC-T)
December 2, 2019
It's a saga. The latest is that an activist has come in during this sale to complicate things. We'll see where it goes. A few parties want to buy it and see more value than the current share price. But overall he's not positive about HBC.
COMMENT
COMMENT
November 6, 2019
The Chinese trade was has been so negative for commodities as a whole. You should never fall in love with commodity stocks, they are just too cyclical.
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Hudson Bay Co. (HBC-T)
November 6, 2019
The Chinese trade was has been so negative for commodities as a whole. You should never fall in love with commodity stocks, they are just too cyclical.
DON'T BUY
DON'T BUY
August 28, 2019
They've been on a rocky road. Beyond the headline noise, what do they have? They're in a secular (department store) decline as people buy online. Their assets being in real estate is an old story and not convincing now. Look elsewhere.
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Hudson Bay Co. (HBC-T)
August 28, 2019
They've been on a rocky road. Beyond the headline noise, what do they have? They're in a secular (department store) decline as people buy online. Their assets being in real estate is an old story and not convincing now. Look elsewhere.
PAST TOP PICK
PAST TOP PICK
July 15, 2019
(A Top Pick Jun 28/18, Down 12%) This is a real estate play. What drags this down is the brutal retail space. They need to close some stores and it's likely in progress now. This will rise eventually rise above $10. They need to make better use of their prime real estate and to do it sooner than latter--they are generating negative cash flow.
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(A Top Pick Jun 28/18, Down 12%) This is a real estate play. What drags this down is the brutal retail space. They need to close some stores and it's likely in progress now. This will rise eventually rise above $10. They need to make better use of their prime real estate and to do it sooner than latter--they are generating negative cash flow.
COMMENT
COMMENT
July 9, 2019
Closing stores should be part of their strategy. There needs to be more definitive action by the management team. Management understands how expensive it is becoming to run a traditional retail operation. Digital and e-commerce products are making it very competitive to run a business. The real estate they possess is very valuable and it may be put to better use than retail. The deal being offered to HBC-T is very low at just $9.45 per share -- the real estate is worth $30 per share alone not including the value of their inventory. He thinks the minority shareholders will feel the offer is far to low as well.
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Closing stores should be part of their strategy. There needs to be more definitive action by the management team. Management understands how expensive it is becoming to run a traditional retail operation. Digital and e-commerce products are making it very competitive to run a business. The real estate they possess is very valuable and it may be put to better use than retail. The deal being offered to HBC-T is very low at just $9.45 per share -- the real estate is worth $30 per share alone not including the value of their inventory. He thinks the minority shareholders will feel the offer is far to low as well.
SELL
SELL
June 11, 2019
They want to privatize the company and it is trading below the take out price, so she does not expect a competing bid. She is not sure if there is an expiry on the offer, but this is a good time to sell if you are a shareholder.
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They want to privatize the company and it is trading below the take out price, so she does not expect a competing bid. She is not sure if there is an expiry on the offer, but this is a good time to sell if you are a shareholder.
DON'T BUY
DON'T BUY
May 21, 2019
Real estate worth it? Not a company that he ever liked. Thinks the operating business is very difficult. They have to come to the understanding that they need to have much smaller stores. Sure, some of their locations are great, but there is a lot of other Hudson's Bay that aren't so great. Wouldn't touch it.
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Real estate worth it? Not a company that he ever liked. Thinks the operating business is very difficult. They have to come to the understanding that they need to have much smaller stores. Sure, some of their locations are great, but there is a lot of other Hudson's Bay that aren't so great. Wouldn't touch it.
DON'T BUY
DON'T BUY
May 6, 2019
He got out a few years ago. He thought he was protected by the real estate portfolio. He left the retailers and stuck with AMZN-Q. The retail business is tough. They are looking at more asset sales such as Lord and Taylor.
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He got out a few years ago. He thought he was protected by the real estate portfolio. He left the retailers and stuck with AMZN-Q. The retail business is tough. They are looking at more asset sales such as Lord and Taylor.
DON'T BUY
DON'T BUY
April 23, 2019
He used to own this for the land it held. The land is worth a lot, but HBC has a lot of debt and other problems. He hasn't looked at HBC lately, and the retail environment has changed since he owned this. Managers are making many changes, mostly better, but time is of the essence.
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Hudson Bay Co. (HBC-T)
April 23, 2019
He used to own this for the land it held. The land is worth a lot, but HBC has a lot of debt and other problems. He hasn't looked at HBC lately, and the retail environment has changed since he owned this. Managers are making many changes, mostly better, but time is of the essence.
PAST TOP PICK
PAST TOP PICK
January 28, 2019
(A Top Pick Nov 16/18, Up 3%) Totally news driven. Disappointed with it. He sold it and wouldn't buy it today. He bought it because it was cheap at the time. If you hold, continue to hold.
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Hudson Bay Co. (HBC-T)
January 28, 2019
(A Top Pick Nov 16/18, Up 3%) Totally news driven. Disappointed with it. He sold it and wouldn't buy it today. He bought it because it was cheap at the time. If you hold, continue to hold.
COMMENT
COMMENT
December 24, 2018
He owned it years ago. It got taken over and he did really well. They had a lot of difficulties. Retail is not going to die. He never sells to take a tax loss in December but if you want to get it off the table, then match it up against winners. Ask yourself why you bought it and ask if it still makes sense. Stay disciplined but learn from your mistakes.
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Hudson Bay Co. (HBC-T)
December 24, 2018
He owned it years ago. It got taken over and he did really well. They had a lot of difficulties. Retail is not going to die. He never sells to take a tax loss in December but if you want to get it off the table, then match it up against winners. Ask yourself why you bought it and ask if it still makes sense. Stay disciplined but learn from your mistakes.
COMMENT
COMMENT
December 21, 2018
Pretty good company fundamentally. Moving in a range, not bad. Look for a rebound back to the top of the range. Not a bad-looking chart in the context of what else is out there.
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Hudson Bay Co. (HBC-T)
December 21, 2018
Pretty good company fundamentally. Moving in a range, not bad. Look for a rebound back to the top of the range. Not a bad-looking chart in the context of what else is out there.
STRONG BUY
STRONG BUY
December 5, 2018
A massively discounted stock price, he thinks. There have been a lot of concerns about the company, but most of them are being adequately addressed. The European business they own is worth the entire current share price alone. They also own the Sak’s property in New York and other great real estate holdings.
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Hudson Bay Co. (HBC-T)
December 5, 2018
A massively discounted stock price, he thinks. There have been a lot of concerns about the company, but most of them are being adequately addressed. The European business they own is worth the entire current share price alone. They also own the Sak’s property in New York and other great real estate holdings.
PAST TOP PICK
PAST TOP PICK
November 26, 2018
(A Top Pick Nov 06/17, Down 31%) A disappointment. They continue to bottom. He exited. They've been bleeding money and are negative EBITDA. The new CEO is doing a alittle better by selling off some of their lines to return to the core business. Retail is slightly better and they carry some real estate value. But their balance sheet is stretched. They should've sold their Vancouver property sooner.
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Hudson Bay Co. (HBC-T)
November 26, 2018
(A Top Pick Nov 06/17, Down 31%) A disappointment. They continue to bottom. He exited. They've been bleeding money and are negative EBITDA. The new CEO is doing a alittle better by selling off some of their lines to return to the core business. Retail is slightly better and they carry some real estate value. But their balance sheet is stretched. They should've sold their Vancouver property sooner.
TOP PICK
TOP PICK
November 16, 2018
Up until today, US retailers have all come back from the death spiral. So that will happen here. It has so much going for it, believes this company will bounce. Yield is 0.7%. (Analysts’ price target is $12.10)
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Hudson Bay Co. (HBC-T)
November 16, 2018
Up until today, US retailers have all come back from the death spiral. So that will happen here. It has so much going for it, believes this company will bounce. Yield is 0.7%. (Analysts’ price target is $12.10)
DON'T BUY
DON'T BUY
July 27, 2018

The traditional retailers have been under pressure. They did a deep dive into evaluating this company about a year ago and concluded some of the US investments were not performing as well as expected. They have mortgages a lot of their real estate the base business is not growing. It is fair valued, but he does not like this name right now.

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The traditional retailers have been under pressure. They did a deep dive into evaluating this company about a year ago and concluded some of the US investments were not performing as well as expected. They have mortgages a lot of their real estate the base business is not growing. It is fair valued, but he does not like this name right now.

SELL
SELL
July 23, 2018

He thinks they have a lot of valuable real estate and have attempted to monetize it, but even as they have done this, the stock has not made any headway. The negative secular trend in retail is just too tough. If they can't get the retail business going then investors may start to question if the real estate is really worth all that much.

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He thinks they have a lot of valuable real estate and have attempted to monetize it, but even as they have done this, the stock has not made any headway. The negative secular trend in retail is just too tough. If they can't get the retail business going then investors may start to question if the real estate is really worth all that much.

PAST TOP PICK
PAST TOP PICK
June 28, 2018

(A Top Pick November 6/17 - Down 3%) He likes the fac that you have 30 plus dollars’ worth of real estate there. Rising interest rates has effectively taken up the capitalization rate for the real estate. The retail is doing far worse than expected. Don’t own it anymore. He thinks there is more upside then downside but not without a share of risk.

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(A Top Pick November 6/17 - Down 3%) He likes the fac that you have 30 plus dollars’ worth of real estate there. Rising interest rates has effectively taken up the capitalization rate for the real estate. The retail is doing far worse than expected. Don’t own it anymore. He thinks there is more upside then downside but not without a share of risk.

DON'T BUY
DON'T BUY
June 21, 2018

He owned it years ago before it went private. He did very well. They did poorly over the last few years and then approved a huge pay package for the CEO. He does not like buying into companies where management is going to be paid too much. Retail is having difficulties. He prefers RET.A-T for retail exposure.

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He owned it years ago before it went private. He did very well. They did poorly over the last few years and then approved a huge pay package for the CEO. He does not like buying into companies where management is going to be paid too much. Retail is having difficulties. He prefers RET.A-T for retail exposure.

COMMENT
COMMENT
June 6, 2018

It's modestly undervalued now. Restructuring has borne some fruit, though the market hasn't responded to HBC in kind. Them getting out of luxury lines makes sense at this stage in the economy with limited discetionary spending. He prefers placing this in the retail, and not real estate, space. This is a consumer discretionary stock late in the cycle.

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It's modestly undervalued now. Restructuring has borne some fruit, though the market hasn't responded to HBC in kind. Them getting out of luxury lines makes sense at this stage in the economy with limited discetionary spending. He prefers placing this in the retail, and not real estate, space. This is a consumer discretionary stock late in the cycle.

WATCH
WATCH
May 23, 2018

This is a real estate restructuring play. Technically there has been some consolidation and if there is a break above $14, that would suggest some good strength. It still feels like a high risk stock here, he thinks.

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This is a real estate restructuring play. Technically there has been some consolidation and if there is a break above $14, that would suggest some good strength. It still feels like a high risk stock here, he thinks.

PAST TOP PICK
PAST TOP PICK
May 10, 2018

(A Top Pick February 12/18 - Down 11.4%.) He is done with it. He likes the store, but he doesn’t get it.

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(A Top Pick February 12/18 - Down 11.4%.) He is done with it. He likes the store, but he doesn’t get it.

SELL STRENGTH
SELL STRENGTH
March 19, 2018

This is a tricky one, because the retail Bay outlets never seem crowded. The real play is the real estate value. There was a strong topping formation on the chart back in 2015. The recent selling looks like it will continue. He would not add to a position and would unload the position above $12.

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Hudson Bay Co. (HBC-T)
March 19, 2018

This is a tricky one, because the retail Bay outlets never seem crowded. The real play is the real estate value. There was a strong topping formation on the chart back in 2015. The recent selling looks like it will continue. He would not add to a position and would unload the position above $12.

DON'T BUY
DON'T BUY
March 7, 2018

Not for the faint of heart. Retail operations have been losing money in the past three years and same-store sales are down, but HBC has amazing real estate assets. They got a lot of debt while interest rates are rising. They need to make more real estate deals, but can they close them in time?

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Not for the faint of heart. Retail operations have been losing money in the past three years and same-store sales are down, but HBC has amazing real estate assets. They got a lot of debt while interest rates are rising. They need to make more real estate deals, but can they close them in time?

DON'T BUY
DON'T BUY
February 15, 2018

Pros of the stock is the real estate assets. Retail has been very challenging. HSB has been buying more. Not an area where he wants to be. They are fighting a losing battle. Not a good area to be exposed to.

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Hudson Bay Co. (HBC-T)
February 15, 2018

Pros of the stock is the real estate assets. Retail has been very challenging. HSB has been buying more. Not an area where he wants to be. They are fighting a losing battle. Not a good area to be exposed to.

PAST TOP PICK
PAST TOP PICK
February 12, 2018

(A Top Pick Jan. 2/18, Down 15%) A rare long-term call for him. It's a no-brainer below $10. Would not exit. It will have its day. Their real estate is valuable. Trying to rebrand and they're in a tough space

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Hudson Bay Co. (HBC-T)
February 12, 2018

(A Top Pick Jan. 2/18, Down 15%) A rare long-term call for him. It's a no-brainer below $10. Would not exit. It will have its day. Their real estate is valuable. Trying to rebrand and they're in a tough space

TOP PICK
TOP PICK
February 12, 2018

Can't see this below $10 for much longer. Has a lot to offer. It needs some good news, but in the U.S. Macy's has regrouped. (Analysts' price target $11.12)

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Hudson Bay Co. (HBC-T)
February 12, 2018

Can't see this below $10 for much longer. Has a lot to offer. It needs some good news, but in the U.S. Macy's has regrouped. (Analysts' price target $11.12)

DON'T BUY
DON'T BUY
February 8, 2018

Would you buy HBC at all? He wouldn’t buy it now. One of Canada’s oldest retailer controlled now by Americans. Begun this global expansion. There are massive changes in the retail space and he thinks we are not done yet. Retail is only one part of the company the other is the real estate.

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Hudson Bay Co. (HBC-T)
February 8, 2018

Would you buy HBC at all? He wouldn’t buy it now. One of Canada’s oldest retailer controlled now by Americans. Begun this global expansion. There are massive changes in the retail space and he thinks we are not done yet. Retail is only one part of the company the other is the real estate.

DON'T BUY
DON'T BUY
January 23, 2018

He would avoid this. As a value investor, there is a tendency to see a lot of underlying asset value. However, we’ve recently seen trends in online retailing accelerating and department stores becoming more and more challenged. Even though there is this theoretical asset value in the real estate, if the underlying retail valuations are not strong enough to pay the rent and support it over time, it is going to be hard for the company to surface that.

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Hudson Bay Co. (HBC-T)
January 23, 2018

He would avoid this. As a value investor, there is a tendency to see a lot of underlying asset value. However, we’ve recently seen trends in online retailing accelerating and department stores becoming more and more challenged. Even though there is this theoretical asset value in the real estate, if the underlying retail valuations are not strong enough to pay the rent and support it over time, it is going to be hard for the company to surface that.

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