With two bidders, Hudson's Bay Company (HBAYF) is a must-follow stock at less than CAD 10.3 per share. Besides, we believe that the company did not contact many potential acquirers, which may lead to additional acquisition proposals. The company has debt, which is not ideal. However, it trades at only 9.1x 2020 EBITDA, which is cheap. Notice that the market expects the company to see an increase in its EBITDA margin in the following two years.
Business Model And Strategy
Founded in 1670, HBC is a Canadian retail business group, which trades in the Toronto