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 > L2

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Comment by RedeyeGarf2on Dec 17, 2022 2:43pm

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Post# 35177796

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:L2

I have to agree with babedlinkleman. Mark's workwear and Sportscheck fits within Canandian Tire customers as they were already selling outdoors/and athletic equipment. Reitmans does not fit with their customers.

Reitmans has a book value of $5.00 right now. If they continue to produce retained earnigns of $1.00 per year, in FYE 2020, the book value will be $6.00 and $7.00 and so on.

I remember reading a book where value investors love P/E 8-12x earnings.

Because Reitmans sells to an older demographics, like oil stocks today trading at 8x earnings vs 20x earnings in the past, it is worth 5-6x earnings.

This should be a $5.00 + book value for the property of $3.00 = $8.00 a share +/- 20%

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