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 > Q1 results

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Comment by TheCount11on Jun 22, 2022 11:58am

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Post# 34774265

RE:RE:RE:RE:RE:Q1 results

Company has $40M in cash vs LOC of $34M.
Total Current Assets are $219M.
Total Current Liabilities are $123M.
If the company can't buyback stock after pleding land, buildings, inventory holding restricted cash and has more cash then credit used their credit agreement is TERRIBLE. Pay it off and get a new one.

Banks issue covenant light LOCs against hard assets like land and buildings.