Reitmans Ltd. V.RET

@ the Bell: Markets come roaring back

[Jon Brown]

After a few lacklustre sessions, Canada's main stock index joined markets across the globe in a higher trading day on Friday read article.

[Torontojay]

The unemployment rate jumped 30 bps reaching 3.7% in the latest household survey report. The unemployment rate never jumped this high in a single month since March 2020 which leads me to believe the

[filoux004]

Volumes have picked up. I'm adding a few more... DD and glta. Uplisting, dividend , stock buybacks, monetizing real estate. Many levers at their disposal. I think the ecom business will show

[Jon Brown]

Equities in Canada’s largest edged up on Thursday, all over a pause in US rate hikes and the passing of a bill to suspend the debt ceiling. read article.

[Tictac99]

Si les gouvernements ont donne l’Ontario 13 milliards a Volkswagen Canada et s’apprete a donner prochainement un autre gros montant d'argennt a Stellantis. Tant mieux pour les Ontariens.  

[Jon Brown]

Investors often keep focused on the most consistent plays, when times of renewed uncertainty rears its head in the markets. read article.

[RedeyeGarf2]

But higher interest rates may also discourage discretionary purchases like clothes.

[TheCount11]

Reitmans has been my best stock to resize position based on retail investor expectations.  Lots of alpha!

[Torontojay]

I agree wholeheartedly.  Reitmans is in a great position with no debt and huge cash pile. It is much less risky going into a potential recession then some of the expensive names out there. Now

[TheCount11]

https://www.bnnbloomberg.ca/bank-of-canada-more-likely-to-raise-rates-after-hotter-than-expected-gdp-report-economists-1.1927026 Hahaha turns out experts have no clue whats going on.  Interest

[Torontojay]

There is a nice chart that plots excess savings with credit card debt in the link below.  https://www.investopedia.com/credit-card-debt-surpassed-excess-savings-7480012 Households are

[Torontojay]

negative amortization:  I'll explain briefly.  You have a fixed payment variable mortgage. Interest rates have risen so high to the point that your "fixed" payments do not

[nozzpack]

....about Mortgage payments increasing your principal.. How does paying down a mortgage work? The amount you borrow with your mortgage is known as the principal. Each month, part of

[Torontojay]

Ltv refers to "loan to value"; for instance, your mortgage is $800k and your home is worth $1m. Your "loan" is $800k and your "value" is $1m or 80%.  Btw

[filoux004]

I have no idea where or what this 67% DECLINE means. Care to expand. Thanks

[nozzpack]

You seem blissfully unaware that the LTV of Canadian residential housing market has declined by a whopping 67% over the last 15 years and now stands below 60%. Canadians have substantial equity in

[filoux004]

With the greatest respect , have you ever heard a real estate broker not put an upbeat spin to the real estate mkt. You may want to read article in BNN Bloomberg, Canadian households have the debt

[Torontojay]

Economists prefer to use the word inflation when describing a "hot" market.  Tiff Macklem better be sure that a policy rate of 4.5% is restrictive or else Canada's housing market