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.

TSXV:RET - Post by User

Reitmans Ord Shs > Talk about a sale at Reitman's

<< Previous

Bullboard Posts

Next >>

Comment by tompernson Nov 24, 2021 5:05pm

134 Views

Post# 34163265

RE:RE:RE:Talk about a sale at Reitman's

I agree with you that they will need to prove they are profitable over a few quarters, but what I'm pointing out is that as of January, the book value will be 3 times today's market cap with $100M of debt converting into equity. Having said that, if they start showing red ink Q after Q, yes they can go to zero.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale