Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMAF | V.RET.A | 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 > So correct me if I am wrong

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Comment by tompernson Dec 21, 2021 5:04pm

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Post# 34252357

RE:So correct me if I am wrong

Book value post CCAA (after shaving off over $100M of liabilities) is about $3.50/share. If they stay profitable, I think $5/share is pretty conservative. I think we see $3 by mid Jan and $5 by early April when Q4 comes out assuming they made money in Q4, which is very likely. Having said that, the retail business is pretty brutal so I don't expect shareholders paying more than 5 times earnings so don't expect this to ever get to $15-$20.

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