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 > Management

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Comment by Mephistopheles3on Apr 28, 2022 2:28pm

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Post# 34639797

RE:Management

Random question for you - how do you get your Level 2 data? I haven't been able to find a good way of getting it.

There are tax reasons why you generally can't issue stock options in the money as it would create a taxable benefit immediately. Plus their stock option plan states that they can only issue options with the lowest price being the share price of the prior trading day.

I don't think management did any trading to manipulate the stock.. but I do think they took advantage of the timing and the recent weakness to get those options issued. They probably had the filing ready to go and was just waiting for the right time.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle