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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 > News Out
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Comment by nedstar71on Feb 06, 2024 4:41pm
88 Views
Post# 35866202

RE:RE:RE:RE:RE:RE:News Out

RE:RE:RE:RE:RE:RE:News Out
Torontojay wrote:

Yes, but what if they plan on taking the company private in 2025 or 2026? The share price can struggle for a long time so they can give a lowball offer in the future and then ignore the past. They get all the benefit not you. 

All they have to do is announce a dividend or do something with that cash position and the share price goes much higher. It's not rocket science. You have to ask yourself, why haven't they done this by now? 

They are not very shareholder friendly that's for sure. Trading below book value and not a single word on share buybacks or dividends completely blows my mind. 

 


There was a word.  The CEO said in that article just the other day
"Several stores also need to be renovated. Investment is needed in the distribution center and in the digital side, which means that shareholders wanting share buybacks and a dividend policy may have to wait a while longer."
Sounds like year minimum, not anytime soon.  The lack of uplisting is what's mind boggling to me.
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