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 > Could not agree more...lets do it

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Comment by RedeyeGarf2on Nov 13, 2023 1:04pm

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Post# 35732306

RE:Could not agree more...lets do it

"The stock appears to be undervalued by a factor of 2.5 to 3 times," the letter said. Donville Kent holds more than 5% of voting shares in Reitmans, Gamble told Reuters.

The letter was dated October 12, 2023 when RET.A was trading at 2.45 range.

So this Toronto-based hedge fund firm Donville Kent Asset Management see the stock worth 6.10-7.50 range

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