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Reitmans Ord Shs V.RET

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


TSXV:RET - Post by User

Reitmans Ord Shs > Q4 Book Value estimate
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Comment by tompernson Apr 20, 2022 12:14pm
71 Views
Post# 34616813

RE:RE:RE:RE:Q4 Book Value estimate

RE:RE:RE:RE:Q4 Book Value estimateI agree. I don't see why they would draw down on their bank line when they have the cash to settle the $95M. The bank line is secured with their real estate and committed (so always available). Including the debt being wiped off the balance sheet they will make something like $200M before taxes. If they stay profitable over the next quarters, $5 should be a fair valuation. Looking forward to tomorrow's PR and upcoming audited statements
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