Quote:
Originally Posted by Vin
I am saying that they used to rival the biggest companies in the world. If HBC still exists, it should continue to be great like it used to. What if I just say: They used to rival the biggest companies like CP and CN? With that kind of wealth, they should have become an even better company. And if they chose to become a major retail company, they should be the best out there, and not languish and eventually die out like so many other Canadian establishments.
No one really cares about what happened to BEI or DEI Company, but thanks for the lesson.
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You're right, the reference to the East India companies was irrelevant (and wrong). Similarly, HBC isn't even in the ballpark as CN or CP. They're more than 50 times bigger (in terms of capitalization) and are very profitable .
HBC hasn't made any money from its retail operations for years. It's only surviving at all by selling off property, and it seems likely to end up disappearing completely one day. If you want to compare them, the obvious businesses would be Sears, or in the past Eaton's, or Woodward's.