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 > So correct me if I am wrong

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Comment by Shredder415on Dec 21, 2021 5:05pm

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RE:RE:So correct me if I am wrong

This situation has continued to derisk itself with every new piece of information released. $4-5/share is reasonable, conservatively take $70M of EBITDA at a 4x multiple puts this in that range. This has been a dying business the past decade, I believe Covid allowed them to rip the band-aid off with permanent store closures and we will hopefully see stabilisation in the business longer-term.

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