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 tompernson Apr 20, 2022 12:14pm

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Post# 34616813

RE:RE:RE:RE:Q4 Book Value estimate

I agree. I don't see why they would draw down on their bank line when they have the cash to settle the $95M. The bank line is secured with their real estate and committed (so always available). Including the debt being wiped off the balance sheet they will make something like $200M before taxes. If they stay profitable over the next quarters, $5 should be a fair valuation. Looking forward to tomorrow's PR and upcoming audited statements

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