Q: I have searched through the archives before posing this question, and found you haven't commented on this one since last April. I am interested in finding out more salient information on Hudson's Bay Company in Canada (HBC on the TSX). With its merger with Saks -- and with Bonnie Brooks at the helm -- does this company have a chance of rising to the forefront of Canadian retail? Does it have any hope of developing into something like a Michael Kors?
It certainly doesn't seem to have floundered since its IPO last year, but instead continues to chug along slowly, with a very modest 1.9% dividend yield. Mind you, a dividend of any kind is a good start for an IPO, and so am wondering about things like cash flow, its debt ratio, and what kind of profits would be likely in this company?
I'm not "pulling the trigger yet" -- it's a company I've been watching for about 6 months -- so I would value your opinion on this company before I make a decision.
Thank you.
It certainly doesn't seem to have floundered since its IPO last year, but instead continues to chug along slowly, with a very modest 1.9% dividend yield. Mind you, a dividend of any kind is a good start for an IPO, and so am wondering about things like cash flow, its debt ratio, and what kind of profits would be likely in this company?
I'm not "pulling the trigger yet" -- it's a company I've been watching for about 6 months -- so I would value your opinion on this company before I make a decision.
Thank you.