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Reitmans Ord Shs V.RET

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

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

Post by Northforce13on Dec 15, 2022 6:08pm
181 Views
Post# 35174539

Solid Q, fantastic if comparing to peers

Solid Q, fantastic if comparing to peersQuick take:

YOY Revs up significantly while peers saw declines.  This is huge.  Roots YOY was down 9% if I remember right, Macys down 3-4%.  RET sees increase instead of decline...

Higher admin, selling costs due to inflation, only negative.  Farily common problem for most companies I suppose.  

1.30 in cash on the balance sheet & no debt. 

+ Debt free land & buildings.  Listed at a book value of 35 mil, worth easily > 100 mil.  (an SA author guesstimates 160 mil).  I've visisted the office building in person, it's in good shape, it is not an old run down building like I might have expected it to be.  

Arguably the cheapest stock in the universe of U.S. and Canadian equities based on balance sheet strength and earnings.  

Very long, very happy, holding.  

GLTA

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