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 > Q4 Book Value estimate

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Comment by Shredder415on Apr 20, 2022 1:25pm

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Post# 34617124

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

Why would they use the bank line? Lets see...the market doesnt care about my owned real estate worth north of $140M and doesnt believe my operating business is worth much. But the bank will lend me money against my real estate at say 6% to pay my liabilities and then I turn around and use my cash to repurchase my shares that are trading at probably a 25% FCF yield or higher. I just created enormous value (if the business is sustainable).

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