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 > Q4 Book Value estimate

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Comment by TheCount11on Apr 13, 2022 11:08am

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Post# 34600355

RE:RE:Q4 Book Value estimate

I have a longer time horizon and don't mind the low stock price if there is NCIB put in place. This is a once in a lifetime opportunity to buy back stock at insanely cheap prices while real interest rates are deeply negative. Cash is losing value, BoC just upped rates so using excess cash over the next few quarters to buy back stock is a no brainer. Imagine over the course of the year company retires 4M shares at average $2.50 per share. Cost is $10M to reduce count by over 8%.

45M shares with EPS 1.20 is $54M in profits. Less than 20% of profits are used for buyback.

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