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Reitmans Ord Shs V.RET

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

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

Bullboard Posts
Comment by Bookendson Jun 07, 2019 11:35am
152 Views
Post# 29806076

RE:RE:RE:Final Cleaning out of weak hands

RE:RE:RE:Final Cleaning out of weak handsYeah, never underestimate how irrationnal a market can be XD

I could have easily shorted Canopy (WEED) and 40$ and be broke by now... Or look at NEPT up like 16% currently... Do you really believe this piece of junk, unknown and unprofitable company could be worth half a billion in market cap?? Do you really think a contract with Tilray could ever be worth 60-70M$ in market cap...Heck the contract will probably still not make this profitable!

Yet it's there and who knows how far the market can take it before everyone realized how stupid the valuation is.

---

As far as my entry point for RET?? Hmmm, well that's a good question hahaha... I still havent figured it out myself... Honestly, I'm not looking for a long position, but just for a swing trade on a bounce back after such a steep decline... Honeslty, I've got no metric to give you, it's more of a sentiment thing... When it'll seem to have bottomed and that the selling volume decreases in a sustained way.

Honestly, it's hard to justify going long here...I dont have myself a deep value / Net Cash Back portfolio.. It would make sense to hold deep within a deeper basket of value stocks, but individually, I don't think I would purchase it for a long position... 

I have this friend who used to work at their head office and she hates them lol... management was pretty lousy according to her... When was the last time the company had a profitable quarter? Do you really believe in the future of retail?? What do you think will happen the next quarter or 2 or 3 if they still are losing money (which, let's face it, seem very likely)?

Obviously, it might be a table pounding buy at this point, as you claim, but honestly, it's just not the type of stock I would go for personally... 
Bullboard Posts