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Hudson Bay Co. (HBC-T) opinion on 2017-06-30

Last Price Recorded: 11.2400 on 2017-11-23

ON STOCKCHASE SINCE Oct 2000

department stores
COMMENT

Hap (Robert) Sneddon FCSI
Hudson Bay Co. was $11.570 at time of opinion
Owned : Unknown

$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.

BULLISH

All opinions for HBC-T (331)

46 BUY
4 BUY on WEAKNESS
40 COMMENT
134 DON'T BUY
16 HOLD
17 PAST TOP PICK
13 SELL
1 SPECULATIVE BUY
1 STRONG BUY
33 TOP PICK
4 VAGUE
4 WAIT
5 WATCH
13 WEAK BUY
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All opinions for HBC-T (331)

46 BUY
4 BUY on WEAKNESS
40 COMMENT
134 DON'T BUY
16 HOLD
17 PAST TOP PICK
13 SELL
1 SPECULATIVE BUY
1 STRONG BUY
33 TOP PICK
4 VAGUE
4 WAIT
5 WATCH
13 WEAK BUY
View All

More experts covering HBC-T

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Add HBC-T to Watch List
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1 Comment

frank1939

July 2nd 2017 at 10:53pm

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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