Reitmans Ord Shs V.RET

9th Monitor Report is out

[savyinvestor333]

on the EY website. Some great info on there. sitting on $101 million cash as of Dec 4/21  Also note book value of property and equipment of $65 million has an current value of between $114 and $117 million.  Low value on inventory is 88 million   Back of the napkin book value estimate now at $4.00 a share.

[Zemoy190]

I wonder if creditors will be greedy seeing how much cash reitmans has now or if they had this deal agreed upon beforehand.  Will be an interesting day next Tuesday! I hope the vote passes! 

[tweezer1957]

It is a done deal. There is no way creditors will back out.if creditors delay they delay their payment and management operates with more money in the bank. These votes are never a roll of the dice.

[savyinvestor333]

Right if you read the monitors report they recommend the offer and explain why. If you are owed under $20,000 you are paid in full.

[Zemoy190]

Those sales figures in the monitors report look great! I also noticed they added 2 stores from last quarter!  I think if they can capitalize on online sales this could be a 5 bagger in the next 2-3 years. Just my own opinion. Good Luck To All 

[tomperns]

Assuming they are profitable going forward (big assumption), this is a $5 stock by end of January when it comes out of CCAA.

[savyinvestor333]

Results out tonite. Could be $2.00 before the end of the week

[savyinvestor333]

I look at ROOTS for a quick comparable. There results for the quarter were better than expected. They have double the market cap and debt and less than half the stores and revenues

[savyinvestor333]

Well what do you think about this quote now? I am thinking it"s doable.

[Zemoy190]

I think it's possible also. Only issue is the whole market is looking kind of red. For the last few weeks this stock is usually the only green I see lol.  

[Zemoy190]

L2 data is looking great! Little resistance for RET all the way up to 2.00. RET.V looks like it will open higher and slowly climb throughout the day!