Reitmans Ord Shs V.RET

Random number generator came up with 3.1%

[TheCount11]

https://www.bnnbloomberg.ca/bank-of-canada-more-likely-to-raise-rates-after-hotter-than-expected-gdp-report-economists-1.1927026

Hahaha turns out experts have no clue whats going on.  Interest rates SHOULD have been higher in Q1.  Another policy error on BoC part.  OSFI should be ENFORCING prudent lending standards - no negative amortization.

Every rate increase adds to the Bank Reitmans while discouraging new competitors, hurting existing competitors with debt and allows PENN physical store expansion great lease rates / locations.

[Torontojay]

I agree wholeheartedly.  Reitmans is in a great position with no debt and huge cash pile. It is much less risky going into a potential recession then some of the expensive names out there. Now is the time to pick up solid companies and to be more defensive.  I still think this could hit $10 over the next couple years if earnings can remain robust as in 2022. 

[TheCount11]

Reitmans has been my best stock to resize position based on retail investor expectations.  Lots of alpha!

[RedeyeGarf2]

But higher interest rates may also discourage discretionary purchases like clothes.