It is a good entry point now for about 1.9% yield
Hudson's Bay Company (HBC-T)
- Last Updated:
- Jan 6th, 2020 9:48 am
Tags:
- SCORE
- lochunwa
- Member
- Sep 7, 2011
- 245 posts
- 153 upvotes
- Toronto
- WelshInvestor
- Newbie
- Jan 7, 2017
- 12 posts
- 3 upvotes
- Kensington, South Lo…
WOW [allchooedup], terrific post and great insight. Thank you for sharing.
Known to many as the Welsh Investor, I am semi-retired living off my investment income and working casually as a financial analyst/consultant. I enjoy meeting new people and sharing investing insight, information, and advice.
- andygx
- Member
- Mar 4, 2006
- 290 posts
- 40 upvotes
10% down, looking to get in around $9.
- redflagdealboy1
- Member
- Feb 23, 2004
- 371 posts
- 18 upvotes
HBC is dying like SEARS
- Guest033746887
- Deal Expert
- Jun 26, 2011
- 15096 posts
- 5413 upvotes
- GTA
- nikels21
- Deal Addict
- May 18, 2015
- 1803 posts
- 851 upvotes
- Ottawa,Ont
in for 200@10.65RolandCouch wrote: ↑ You got your wish!
Worst purchase I've made in a long time with this one as I'm down quite a bit now. I'll hold because the reason I bought it hasn't changed. Looks like I'm going to have to wait longer than I had anticipated.
- canibusIII
- Jr. Member
- Oct 6, 2010
- 131 posts
- 22 upvotes
In for 500 @ 10.22
- Corfius
- Jr. Member
- Nov 12, 2014
- 130 posts
- 110 upvotes
- Levis, QC
I'm in the same boat. Bought at 13.40ish ? in December. It seems I might wait a long time before seeing some value out of the real estate. I don't feel like trying to catch a falling knife again so I'm holding but not adding.RolandCouch wrote: ↑ You got your wish!
Worst purchase I've made in a long time with this one as I'm down quite a bit now. I'll hold because the reason I bought it hasn't changed. Looks like I'm going to have to wait longer than I had anticipated.
- Gingercookie
- Deal Addict
- Jan 23, 2011
- 1925 posts
- 3392 upvotes
Why would anyone buy this POS?
- blargy33
- Banned
- Nov 21, 2016
- 105 posts
- 38 upvotes
Will buy 500 when it reaches $2.
- jerryhung
- Deal Expert
- Sep 19, 2004
- 26761 posts
- 9330 upvotes
- where I belong
wow, keeps dropping, another -10% day
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
- jerryhung
- Deal Expert
- Sep 19, 2004
- 26761 posts
- 9330 upvotes
- where I belong
wow, another down day -4% to almost $9 [52 week 9.03 - 19.69]
https://www.google.ca/finance?q=TSE%3AHBC
https://www.google.ca/finance?q=TSE%3AHBC
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- duwangren
- Jr. Member
- Aug 17, 2016
- 173 posts
- 31 upvotes
crying...worst investment I ever made..
- awesomepawsome
- Newbie
- Jul 7, 2013
- 14 posts
- 3 upvotes
- Toronto
Hang tight. Their earnings are still pretty good.
I got in at 14.35 in Nov so I'm down 37% now which is quite a lot but I'm just going to wait it out at this point. No idea why its dropping so much, its not like they have negative earnings.
I got in at 14.35 in Nov so I'm down 37% now which is quite a lot but I'm just going to wait it out at this point. No idea why its dropping so much, its not like they have negative earnings.
- llpresident
- Deal Addict
- Dec 3, 2014
- 2348 posts
- 1840 upvotes
- Ontario
Here's an interesting exercise. Pull up a two year chart of Amazon. Now turn it upside down... boom, you now have the 2 year chart for HBC. You also have the only explanation you need for HBC's price action.
- awesomepawsome
- Newbie
- Jul 7, 2013
- 14 posts
- 3 upvotes
- Toronto
Amazon isn't exactly known for selling premium clothing and accessories. When was the last time you bought a suit or a dress shirt that fit properly from Amazon?llpresident wrote: ↑ You also have the only explanation you need for HBC's price action.
I'm thinking its just a knee jerk reaction by the market. There aren't many big retailers left in Canada other than Walmart. Target is gone, Zellers gone, Sears gone, Reitmans is barely holding on after closing so many LOBs. Do people not buy clothing anymore?
- WelshInvestor
- Newbie
- Jan 7, 2017
- 12 posts
- 3 upvotes
- Kensington, South Lo…
It certainly looked more attractive when you originally posted this. Lately it seems like its been all bad news for HBC. All I read is "downgraded," "tumbling," "all-time low." I am hoping for the best, but expecting the worst.
Known to many as the Welsh Investor, I am semi-retired living off my investment income and working casually as a financial analyst/consultant. I enjoy meeting new people and sharing investing insight, information, and advice.
- llpresident
- Deal Addict
- Dec 3, 2014
- 2348 posts
- 1840 upvotes
- Ontario
Valid. But people dress more causally and there are plenty of smaller stores to go to with similar price to HBC and better service.awesomepawsome wrote: ↑ Amazon isn't exactly known for selling premium clothing and accessories. When was the last time you bought a suit or a dress shirt that fit properly from Amazon?
I'm thinking its just a knee jerk reaction by the market. There aren't many big retailers left in Canada other than Walmart. Target is gone, Zellers gone, Sears gone, Reitmans is barely holding on after closing so many LOBs. Do people not buy clothing anymore?
HBC revenue is derived from a lot more then luxury fashion. They will need to reduce their store footprint by 80% to eliminate all of the stuff that people do buy on Amazon.
The department store as a business model generally is in decline.
- awesomepawsome
- Newbie
- Jul 7, 2013
- 14 posts
- 3 upvotes
- Toronto
Yeah I'm guilty of contributing to this myself. I bought an item that was for $23 on amazon vs going to my local walmart that had it for $24. Even though the walmart price was still fairly discounted, $1 off with free shipping was a no brainer.llpresident wrote: ↑ The department store as a business model generally is in decline.
Just hope the stock rebounds enough by summer for me to get a profit and exit. I bought Reitmans when it was at $15 and its been sitting at $4-5 for years now... Target coming to Canada caused their stock to plummet but post-Target-exit the stock didnt gain any momentum.
- llpresident
- Deal Addict
- Dec 3, 2014
- 2348 posts
- 1840 upvotes
- Ontario
Well lesson learned I hope - stay away from retailers unless their online game is strong.awesomepawsome wrote: ↑ Yeah I'm guilty of contributing to this myself. I bought an item that was for $23 on amazon vs going to my local walmart that had it for $24. Even though the walmart price was still fairly discounted, $1 off with free shipping was a no brainer.
Just hope the stock rebounds enough by summer for me to get a profit and exit. I bought Reitmans when it was at $15 and its been sitting at $4-5 for years now... Target coming to Canada caused their stock to plummet but post-Target-exit the stock didnt gain any momentum.