Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMAF | RTMNF | 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 > 2022 Canadian Clothing stores sales are VERY good so far

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Comment by tompernson Aug 19, 2022 4:19pm

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Post# 34908367

RE:RE:RE:2022 Canadian Clothing stores sales are VERY good so far

All I will say is that at the current market cap, you can buy the business for free. $100M of real estate with no debt and $600M-$700M of annual sales with what looks like a profitable business after CCAA and the store closures. Next few quarters will hopefully remain profitable and the market will realize that this company is worth at least $200M-$300M (which translates to over $5/share).
holding strong

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