Reitmans Ord Shs V.RET

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

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.

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Reitmans Ord Shs > Surely you jest …

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Comment by Torontojayon May 29, 2023 7:58am

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Post# 35468413

RE:Surely you jest …

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 cover your interest expense let alone any money going towards principle. When your monthly payments covers less than 100% of your interest owed on the debt, then the term used to explain this is called negative amortization. The interest portion of your fixed monthly payments that is above your fixed monthly payments gets added on to your principal when you renew your financing at a later date.

https://www.theglobeandmail.com/business/article-mortgage-negative-amortizations-cibc/

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