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Reitmans Ord Shs V.RET

Alternate Symbol(s):  RTMNF | RTMAF | V.RET.A

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

Comment by Mephistopheles3on Apr 25, 2022 1:12pm
71 Views
Post# 34629496

RE:RE:RE:Pre market

RE:RE:RE:Pre marketI'll be honest - that's the one thing that worries me about this company - the fact that management and the BoD have not changed that I know of since bankruptcy and they made a lot of poor decisions in the last few years which led to the bankruptcy.  

When I was running free cash flow calculations, all was looking really well for the next year.  So it's a question of what is management going to do with this money that's being generated? 

If it was me, easy peazy, go slow on the growth opportunities and focus on returning excess money to shareholders via NCIB / dividends / privatization.  If they are not looking at expanding.. to be honest, they don't need to be a public company and can just take it private.  However, what I want to avoid seeing is things like them invest in other Canadian companies again  (the marketable securities in past years) - that's not their money to invest in random preferred shares!   
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