Post by
nozzpack on Apr 12, 2023 6:27am
Being Overlooked but not improbable
The daughters are now running this business.
They have careers of their own and not as wired into the store tradition as the previous two generations.
Reitmans is now back to its original stature as a very profitable business with a pristine balance sheet in a niche that will gain in its customer market.
For example, a perfect and complementary addition to Aritizia boutique business.
ATZ trades at 2 times sales .......RET at just 0.25 times annual sales of $800 million.
ATZ earned $1.30 per share in the first nine months.....RET earned $1.03.
RET is now a cash cow much like ATZ.
Just 12 million shares of ATZ or a mixture of equity and cash and Reitmans can be bought for $10 per year or just 0.5 times sales .
ATZ adds 0.45 per share to its net earnings .
Improbable you say ?
Comment by
filoux004 on Apr 12, 2023 7:50am
Anything is possible....but highly unlikely at this stage, the turnaround has only begun ... In fact Reitman at one point may look at potential targets south of the border if only the cdn$ can creep back up. Anyways looking forward to the numbers. Ps take a look at MTY foods, numbers out unreal 30 year story.