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 > Management

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Comment by Mephistopheles3on Apr 28, 2022 2:28pm

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Post# 34639797

RE:Management

Random question for you - how do you get your Level 2 data? I haven't been able to find a good way of getting it.

There are tax reasons why you generally can't issue stock options in the money as it would create a taxable benefit immediately. Plus their stock option plan states that they can only issue options with the lowest price being the share price of the prior trading day.

I don't think management did any trading to manipulate the stock.. but I do think they took advantage of the timing and the recent weakness to get those options issued. They probably had the filing ready to go and was just waiting for the right time.

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