Reitmans Ord Shs V.RET.A

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

Consumer Cyclical

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 specialty fashion destination. Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-sized fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada. RW&CO. operates stores in shopping malls, as well as on their e-commerce site. RW&CO. specializes in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. The Company operates 406 stores consisting of 235 Reitmans, 91 Penningtons and 80 RW&CO.

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Reitmans Ord Shs > IDG…Superb Complementarity with RET

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Post by nozzpackon Jun 08, 2023 4:34pm

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Post# 35487262

IDG…Superb Complementarity with RET

Idg is a cash cow on Steriods in its Q3.
It cash flowed $172 million in Q3 which is the Xmas Quarter which boosted the cash position by $122 m to $149 million.Thereafter, it is cash flow negative for the next 3 quarters .

RET is solid in Q3 ..over Xmas..but not so with net earnings .

Rather, RET is very strong in Q2 and Q3 when IDG is very weak.

So, cash flow wise, acquiring RET makes a lot of sense.

They can buy Control of RET by simply paying $75 million for the Reitmans total holdings of 7.5 million RET shares .
Im sure they would sell for $10 per share.

Lots of synergistic gains by acquiring control of RET....