Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMNF | RTMAF | V.RET.A

Consumer Cyclical Apparel Stores

Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.

TSXV:RET - Post by User

Reitmans Ord Shs

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Post by eljoroon May 28, 2016 6:33pm

118 Views

Post# 24913366

A lot of positive technical indicators

The May 27th close heralded a number of positive intermediate and longer term technical indicators for RET. The price crossed a number of moving averages: The 21 day, the 50 day, the 21 week and most significantly the 200 day moving average. Hopefully this upward momentum will continue next week.

Quarterly numbers are due in a week and a half. While I like to observe and put a little weight in technical indicators, I'm more of a fundamental investor at heart. The numbers and more importantly the forward guidance will be paramount,

Cheers,
El Joro

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