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Money Investors Should Ignore the Noise: Hudson’s Bay Co. Is a Good Buy

19:37  13 november  2017
19:37  13 november  2017 Source:   fool.com

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Although Hudson ’ s Bay did not have a terribly strong Q2, it wasn’t awful, and the stock is still a very good buy . Hudson ’ s Bay is not another Sears Canada; in fact, Hudson ’ s Bay has seen its sales almost triple in just three years. Should investors buy Hudson ’ s Bay ?

The Hudson ' s Bay Company (HBC; French: Compagnie de la Baie d' Hudson ) 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 United States and parts of Europe, including Belgium

a sign on the side of a building© Provided by Fool

Hudson’s Bay Co. (TSX:HBC) has been under fire for months from activist investor Land & Buildings, which owns less than 5% of the company, to sell its high-value retail properties to increase the value of the stock.

Last month, Hudson’s Bay succumbed to some of those pressures with the sale of the company’s iconic Lord & Taylor building in New York. The deal netted the company $1.1 billion, which was going to be used primarily to reduce its debt load.

Hudson’s Bay went even further when it hung a “for sale” sign outside its downtown Vancouver store, another flagship location that is designated by the city as a historical landmark. With another big store up for sale, I thought this would surely have calmed and appeased investors looking for the company to shed some of its prized assets.

Competitor offers to buy Hudson’s Bay’s German assets

  Competitor offers to buy Hudson’s Bay’s German assets Hudson’s Bay Co.’s principal German competitor has made an offer to buy its German business, as well as other real estate assets, according to a statement from HBC issued Wednesday.“The Company confirms that it received today an incomplete, non-binding and unsolicited offer with no evidence of financing from SIGNA Holding GmbH,” according to the release.“Consistent with its fiduciary responsibility, the Board intends to review the offer in due course, and cautions that the offer is subject to many assumptions, conditions and contingencies.”© JOHN MACDOUGALL HBC acquired Kaufhof in 2015 as part of a $3.

Hudson ' s Bay Company , 8925 Torbram Road, Brampton ON, L6T 4G1 www.TheBay.com. CLEARANCE Extra 25% Off. MEN’S JEANS Buy One, Get One 50% Off. BEDROOM DEALS Save on Duvets & More. BACK TO SCHOOL 30% Off Select Styles.

Hudson ' s Bay owns a lot of valuable real estate. Image source: Hudson ' s Bay Company . Real estate isn't being ignored , either. Hudson ' s Bay hasn't cashed in on its real estate as fast as investors like Land & Buildings would have preferred, but it hasn't been standing still, either.

Quotes in the article

Hudson's Bay Co

HBAYF

HBC accuses activist of misleading shareholders

  HBC accuses activist of misleading shareholders TORONTO - Hudson's Bay Co. accused an activist investor of misleading shareholders regarding the sale of the retailer's Lord & Taylor Fifth Avenue building and a related investment by Rhone Capital. In a statement, HBC says it has not sold a controlling interest to Rhone which agreed last month to invest $632 million in the retailer in the form of mandatorily convertible preferred shares, initially convertible into common shares at $12.42 per share.HBC (TSX:HBC) says it expects Rhone will initially hold a 21.8 per cent voting and equity interest in the company on a partially diluted basis and that could grow to 30.

Although a late arrival to the Oregon Country fur trade, for nearly two decades in the early nineteenth century the British Hudson ’ s Bay Company (HBC) dominated the region’s social, economic, and political life while ensuring profit to its shareholders.

5 stocks we like better than Hudson ' s Bay Co . Iain and his team just revealed what they believe are the five best stocks for investors to buy right now and Hudson ' s Bay Co . wasn't one of them!

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However, the opposite happened when Hudson’s Bay received an unsolicited offer on its department store chain in Germany, Kaufhof. The offer came from an Austrian company Signa Holding for $3.5 billion.

Hudson’s Bay acquired the chain back in 2015 and says the offer that it received from Signa was incomplete and had “no evidence of financing.” That didn’t stop Land & Buildings from putting the pressure on Hudson’s Bay to consider the offer and sell a big part of the company’s European operations.

What does this mean for investors?

Hudson’s Bay recently released a statement asking for Land & Buildings to stop misleading shareholders, and the company has shown that despite the recent sale of its Lord & Taylor building, it won’t be pressured into selling assets that are part of its core operations.

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When most investors look at Hudson ’ s Bay Co . (TSX:HBC), they see a retail company that owns struggling brands, including its namesake, Lord & Taylor, and Saks. Investors should buy shares before that happens because the returns could be significant.

Hudson ' s Bay Co ., whose origins harken back to the Canadian fur trade that helped the English and Two years later he bought Hudson ' s Bay for an undisclosed amount but as the Great Recession took hold "HBC leadership, prior to Storch, talked a good game and said all the right buzzwords but little

Although Hudson’s Bay did not have a terribly strong Q2, it wasn’t awful, and the stock is still a very good buy. Hudson’s Bay is not another Sears Canada; in fact, Hudson’s Bay has seen its sales almost triple in just three years. Although it posted a net loss this past year, the previous two years finished in the black.

With expansion into Europe and the company recently launching a store in the Netherlands, there will be costs and expenses that will inevitably drive down profits in the short term.

However, Hudson’s Bay is setting itself up for strong growth down the road, and investors should be careful not to be swayed by an activist investor that might have an agenda.

Should investors buy Hudson’s Bay?

The company’s share price has been on a big decline the past 12 months, losing over 25% of its value during that time. A lot of the pessimism and negativity surrounding the stock could likely be attributed to not just the company’s unprofitable quarters, but the overall negative outlook for retail, especially in this country.

Many investors are likely concerned about which company may be next to file for bankruptcy, and with strong real estate assets, Hudson’s Bay is not in any imminent danger.

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While Hudson ' s Bay 's Q1 results were nothing to write home about, the silver lining for investors is that CEO Helena Foulkes has moved quickly in her first few months to fix the business. Better Buy : Advanced Micro Devices, Inc. vs. NVIDIA. Better Buy : Toyota Motor Corporation vs. Ford.

The Hudson ¶ s Bay Company During The Canadian Fur Trade. It was essential for ³the Company to take active . A chartered company is essentially the combined efforts and funding of the government and investors to create a multinational corporation with the sole purpose of exploring new lands and

Hudson’s Bay is making smart decisions that will benefit its future, and in the long term, investors could see considerable returns from buying this stock at a low.

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