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.

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Reitmans Ord Shs > Reitman’s summary

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Post by Torontojayon Apr 18, 2024 7:10pm

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Post# 35997014

Reitman’s summary

Cash: $116,653k

lease liabilities (current) : $31,329k

lease liabilities (non current) : $ 106,265k

debt: $0

net earnings: $ 14,815k

market cap (A shares) : $125,704k

P/E = 8.48

Current assets : $154,476k

Reitmans is trading close to its cash value with no debt. It is also trading below its current assets with a significant margin of safety. The company should consider a Ncib as the shares are trading at a discount to its book value. As of years end, shareholders equity (book value) is $279,018k and the price to book ratio is only 0.45.

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