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.

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Reitmans Ord Shs > Results in April!

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Comment by tompernson Apr 01, 2022 6:41pm

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RE:RE:RE:RE:RE:RE:Results in April!

Buy-backs also not a good idea. Last time they bought Fairfax's shares at $3 (about 4 years ago), that almost buried them. All they have to do is keep generating positive cash flow like they have done for 4 consecutive quarters and this will be a $5 stock in a couple of months. When the audited numbers come out in a few weeks and the market not only digests the clean balance sheet but the cash flow they generated in Q4, the buyers will come back and with such a small float, $5 will be fast and easy. The only caveat is that they are still profitable post Q4.

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