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

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TSXV:RET - Post Discussion

Reitmans Ord Shs > Crashing badly

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Post by Lllennn on Dec 14, 2023 12:15pm

Crashing badly

960000 available @ 1.99, it's really really end of line can sell to FFF now for $2, and these people know imo

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Comment by Lllennn on Dec 14, 2023 12:35pm

1060000 available now, very little on buy side, you were so so wrong imo

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Comment by Torontojay on Dec 14, 2023 1:40pm

Things could get ugly if the Canadian dollar tanks next year as some people believe.

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Comment by savyinvestor333 on Dec 14, 2023 2:00pm

What? Can dollar has strengthened over the last month buy about 4% Is has been strong this week as the yields have come dowm. # raye cuts next year so i think the strength will continue.Why so much doom and gloom> The stock market is forward looking by 6 months. They are hitting record highs. Somebody must be starting to see Blue Skys ahead. Most of my accounts are also hitting highs. I guess ...more

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Comment by Torontojay on Dec 14, 2023 2:12pm

Rate cuts does not imply a stock market rally. It's actually quite the opposite. Canada is doing poorly compared to the US and I expect this to be true heading into 2024. The $US will outperform the $Cad. Canada will likely drop rates sooner because of the private sector debt which does not indicate strength for the dollar.

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Comment by savyinvestor333 on Dec 14, 2023 2:19pm

"Rate cuts does not imply a stock market rally" Sure seems to me that is exactly what is happening right now.

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Comment by Torontojay on Dec 14, 2023 2:42pm

You mean the magnificent 7 or Reitman's?

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Comment by savyinvestor333 on Dec 14, 2023 3:02pm

No I am not talking about either. How about CIBC up 14% in the last month Wells Fargo up 10% in the last week Manulife up 10% in the last month. Don't get me started on the U.S. based apparel stocks.because they will blow those 10% numbers away. Russell 2000 up 11 % in the last month. I could go on and on.

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Comment by Lllennn on Dec 14, 2023 4:13pm

Yes, at least they made a profit, no buy back or div going to float the $3 long term imo

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Comment by Lllennn on Dec 14, 2023 4:52pm

Probably non voting be $2 to try and get someone like Cantire to buy at $3 and buyer would get be able to squeeze wealth out of real estate like Hudson Bay did with 5th avenue. Apparel IPO's are huge right now, just watch Shein it will clean house on SP, Ret can't stand alone would need to be taken in like MB and Mattel, money out flow on top end is just to much more options and bonuses ...more

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Reitmans Ord Shs