Reitmans Ord Shs V.RET

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

Consumer Cyclical

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.

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Reitmans Ord Shs

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Comment by tompernson Mar 31, 2020 8:23am

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Post# 30863236

RE:RE:RE:SP = 42 cents, down 16%

I hope you are right as I own quite a bit and will not sell at these levels. I found it very odd that they were bringing the price down 2 cents at a time for weeks before Corona came, often with $300 trades. Seemed orchestrated and the company just sits there while the market cap gets crushed. 94 years of history, almost $1 Billion in sales and here we are at $20mm market cap (10 percent of book value and 30 percent of cash at hand). Market is saying bankruptcy (very possible with Corona), however market was saying bankruptcy before Corona came along which made no sense to me.

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