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 Apr 16, 2020 12:26pm

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Post# 30916906

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:High volume

You are correct that they have no debt (except the long term lease liabilities) and you are right that if they liquidate, we get $2 a share easy. The problem is the overhead leading to a slow bleed because they can not turn a profit. If this becomes profitable again, this is a $5 stock at least. If they keep losing money, they will burn the $50M of cash remaining (if it's not already less) and then they can't pay overhead, which leads to bankruptcy. All depends how much cash we have left.

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