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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

Post by Contrarian333on Sep 28, 2022 12:13pm
201 Views
Post# 34992431

Returning Cash to Shareholders

Returning Cash to ShareholdersI had an opportunity to speak with management yesterday, particularly about the topic of returning capital to shareholders through a dividend, a normal course issuer bid and/or a substantial issuer bid.  It is management’s opinion that it is premature to consider any of these things just 6 months out of CCAA and with a variety of macro headwinds facing the business.  Furthermore, the feeling is that there is a need to invest capital in the business, (there wasn’t a lot of capital being invested in the business over the last few years) in order to re create a successful enterprise.  Therefore, I think for the time being investors are dependant upon multiple expansion and a re rating to drive further gains.  Very very cheap stock but perhaps lacking an immediate catalyst in the form of a return of capital to shareholders (i.e. dividend, buyback, etc.).

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