Description: A tough quarter: that’s a quick way to summarize the financial results at the Hudson’s Bay Company for the three months ended August 3. HBC’s loss was booked at $984 million. The loss averaged $5.35 per share.
Date: September 12, 2019
1) Do you shop at the Bay?
2) The story notes that the Chairman, Richard Baker, would like to take the company private. What would be some reasons why an investor might want to do this? What are some disadvantages?
3) In chapter two of Wiley’s Financial Accounting: Tools for Business Decision-Making , we learn that we should not compare earnings per share between companies. Why would you not want to compare HBC’s earnings per share for the quarter to other retailers?