Q: Hi Pat: Can you please tell me whether Hudson’s Bay Co. is a buy at its current price? It’s at a low. I hear the real estate that the company owns is worth a lot. Thanks!

A: Hudson’s Bay Co., $10.48, symbol HBC on Toronto (Shares outstanding: 182.2 million; Market cap: $1.8 billion; www.hbc.com), operates retail stores under six main banners:
The Hudson’s Bay chain in Canada consists of 90 department stores, one outlet store and an e-commerce site.
HBC Europe operates 116… Read More

RioCan grows beyond retail

RIOCAN REAL ESTATE INVESTMENT TRUST $28 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 315.4 million; Market cap: $8.8 billion; Price-to-sales ratio: 7.0; Dividend yield: 5.0%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 292 shopping centres in Canada, including… Read More

Teaming up to unlock value

RIOCAN REIT $28.76 (Toronto symbol REI.UN; Units outstanding: 313.9 million; Market cap: $9.2 billion; TSINetwork Rating: Average; Dividend yield: 4.9%; www.riocan.com) has agreed to form a new joint venture with Hudson’s Bay Co. (Toronto symbol HBC).

The REIT will contribute $325 million to this new… Read More