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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 Dec 10, 2019 9:24am
105 Views
Post# 30438991

RE:RE:Hopefully this won't go down the path of CTU

RE:RE:Hopefully this won't go down the path of CTUWell, the buyback would have made a lot more sense if they anticipated for the company to turn around soon... However, there are obviously no indication of this.

It would also make sense if the plan was to liquidate or make a significant distribution to shareholders... but there aren't any indication of this either.

Until management's next steps are revealed, one does have to assume that they wasted extra-ordinary ammounts of cash on a hasty buyback program, which is very negative for the outgoing outlook of the company.

The buybacks just artificially boosted the SP from low 2$ to high 3$ while allowing for the bigger holders to use the liquidity to sell at a 50% premium. It is what it is. 


sclarda wrote: Rosmorduc wrote<br /> <br /> They could have done a share buyback over time which would have cost a lot less at todays shareprices. And this would have also given some support to the shareprice.&nbsp; What is the point of buying back shares anyway?&nbsp; You want to buy back shares that are undervalued and as this company is not making any profits for quite some time now it is hard to say that the shares are undervalued. They should have kept that cash and bought back shares slowly with over time. Today they would have aprox. $120 million in cash and a lot more breathing room.&nbsp;<br /> <br />
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Bullboard Posts