Hudson's Bay (OTCPK:HBAYF) remains an interesting company to me. It has a very high amount of real estate value, but continues to have some significant challenges with its retail operations that is resulting in a fair amount of cash burn.
Some of Hudson's Bay's banners (Saks Fifth Avenue and Hudson's Bay Canada) are actually doing okay with positive comps, and its other banners are experiencing moderate sales declines. This situation is not completely unfixable like Sears Holdings' massive sales declines, so if it can improve its situation at a couple of its other