Reitmans Ord Shs V.RET

Cash on hand

[Northforce13]

The problem to some extent with the cash on hand argument is that they have a lot of accounts payable without an offsetting accounts receivable.  The offset to some extent is inventory, but the value of inventory in the form of clothing can be precarious in an economic slowdown.

[HarryBarry]

Fair point, Northforce - the cash figure can't be viewed in isolation. I recalled seeing something about Reitman's resilience in previous downturns - this is extracted from January's Donville-Kent report. "The fact that Reitmans has been in business for almost 100 years offers some insight into relative performance during economic slowdowns. For example, during the economic

[RedeyeGarf2]

Inventory is listed at 146M and accounts payable is at 66M. Inventory to Payable is 2:1. Cash at 96M, so Cash of 2/share is a fair statement.