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Bullboard - Stock Discussion Forum Reitmans Ord Shs V.RET.A


Primary Symbol: V.RET Alternate Symbol(s):  RTMAF | RTMNF

Reitmans (Canada) Limited is a Canada-based women's specialty apparel retailer with retail outlets throughout Canada. The principal business activity of the Company is the sale of women’s wear. The Company operates through the sale of women’s specialty apparel to consumers through its retail banners. The Company operates under three banners: Reitmans, Penningtons and RW&CO. Reitmans is a... see more

Bullboard (TSXV:RET)

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Comment by Torontojayon Dec 19, 2023 8:04am

RE:RE:Market does not value earnings power of business

I've calculated a ttm free cash flow before changes in non working capital of 17,190k. Keep in mind that in each quarter of this year, it is trending lower than the previous quarter. This ...more  
Comment by robocop123on Dec 18, 2023 3:13pm

RE:Market does not value earnings power of business

What do you guys think about the earnings power of the business? I think they can generate at least 10m in FCF (after paying leases) annually on a normalized basis.  
Post by robocop123on Dec 18, 2023 3:07pm

Market does not value earnings power of business

Applying same methodology of the 2021 EY liquidation analysis (easy to find on google), we get to around ~$140m in liquidation value as of their most recent balance sheet. Unfortunately, can't ...more  
Comment by robocop123on Dec 18, 2023 3:05pm

RE:I wonder if

Volume was surprisingly ~3x 3month avg. Still less than 1% of float so obviously not nearly the consensus opinion of where the stock should trade. 
Comment by filoux004on Dec 18, 2023 1:59pm

RE:I wonder if

Like I said I picked.some up...the solution is simple for ret.a....it's an uplisting to the tsx. Why the BOD is not pro active is a.mystery. glta. Core holding
Post by savyinvestor333on Dec 18, 2023 12:23pm

I wonder if

the RET.A shareholders that sold around 200,000 shares on Friday are feeling some remorse. it was another gift for those that bought.
Comment by Torontojayon Dec 16, 2023 10:11pm

RE:RE:RE:RE:RE:Remains Dirt Cheap

Here is another way to think about it.  Ask yourself, how much money from their cash pile is not required to operate the business? Suppose you conclude that $50m is not required to operate the ...more  
Comment by Torontojayon Dec 16, 2023 9:29pm

RE:RE:RE:RE:RE:Remains Dirt Cheap

The term enterprise value is best suited for highly leveraged companies. 
Comment by robocop123on Dec 16, 2023 8:38pm

RE:RE:RE:RE:Remains Dirt Cheap

The business has no debt and a huge net cash position. To only compare to market cap would be to discount the entire existing cash balance, which is all attributable to equity holders anyways. I'm ...more  
Comment by Torontojayon Dec 16, 2023 8:16pm

RE:RE:RE:Remains Dirt Cheap

Yes, that's exactly what I said. In your original post, you used FCFE but you compared it with the enterprise value when you should have compared it with market cap.  FCFE to price/market ...more  
Comment by robocop123on Dec 16, 2023 7:48pm

RE:RE:Remains Dirt Cheap

I'm not sure I understand this comment... I thought that FCFE should be compared to market cap and FCFF should be compared to EV. In this example, I am comparing FCFF to EV. 
Comment by Torontojayon Dec 16, 2023 1:55pm

RE:Remains Dirt Cheap

There are several ways to look at valuations.  You can look at free cash flow to equity investors which is approximately $20m ytd. The other way is to look at free cash flow to the firm ...more  
Post by TheCount11on Dec 16, 2023 8:38am

Inventory

From 2007 to 2011 when shopping was shopping every quarter was profitable for Reitmans.  There were 7 Banners all with stores.  There were 968 stores. Q4 2011 sales were $269M while ...more  
Comment by TheCount11on Dec 16, 2023 6:33am

RE:What would happen if shares got consolidated?

I own both as well.  Simply put right now there is no difference regarding the economics of the business which is what I care about.  The family would still be a controlling shareholder ...more  
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