Reitmans Ord Shs V.RET.A

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

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.

TSXV:RET - Post by User

Reitmans Ord Shs > Cash, Working Capital

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Post by Kilnon Sep 18, 2023 7:45pm

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Post# 35642534

Cash, Working Capital

Current Assets $266,715K
Current Liabilities 106,673K
Working Capital $160,042K

Cash $96,681K

Given the Canadian real estate market, it would be reasonable to assume their tangible real estate is worth more than it is carried for on the books. With 50 million shares outstanding, real estate and WC are worth more than the market cap.

However, the market will probably want to see some earnings growth and a pattern of earning predictability, to pay full value for the shares. If the new CEO can deliver of growth and predictability, we have a winner.

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