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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 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.


TSXV:RET - Post by User

Post by Northforce13on Sep 15, 2023 9:43am
129 Views
Post# 35637988

I'm out at 3

I'm out at 3I had been trimming in recent weeks just because of the sheer size of my position

What with recent results being ok but not great, I decided to exit the rest at 3 this morning and free up firepower for other opportunities

RET is still very cheap, rock solid balance sheet and a good stock.  Just not as good, obviously, as my entry point a year ago of <1.50 on the As and 1.75ish on the voting. 

Also a bit worried about the economy overall.  It feels like the jacked up interest rates are increasingly starting to bite and the lag effect of those rates is kicking in.

Guess we will see -) 

GLTA!
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