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Reitmans Ord Shs V.RET

Alternate Symbol(s):  V.RET.A | 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 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

Post by savyinvestor333on Dec 21, 2021 4:48pm
169 Views
Post# 34252303

So correct me if I am wrong

So correct me if I am wrongbut shareholders equity just increased by close to $2.00 a share from the decrease in liabilities. The property that has a book value of $62 million has a current value of $110 million so another $1.00 a share hidden value. We need to pay the creditors $95 million which will be paid with a laon from BMO but we have roughly the same amount of cash so a wash there. We also had $133 million in inventory at the end of the quarter. Anyone want to take a  stab at a guess of value per share now? Once we report 4th quarter our trailing P/E is going to be around 1.5 or 2 if all they do is break even.
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