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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 savyinvestor333on Dec 16, 2022 12:45pm
153 Views
Post# 35176105

RE:RE:RE:RE:RE:RE:RE:RE:L2

RE:RE:RE:RE:RE:RE:RE:RE:L2
babedinkleman wrote:
Zemoy190 wrote: Ok am gonna call steven reitmen,,, leave 1 question you want me to ask,,, no dumb questions I will call the number on the website 

Careful.....cornering guys like this can make their disdain for shareholders grow.....and he'll potentially continue starve them out of spite....LOL
In all seriousness obviously the uplisting.....the dividend.....the buyback.  Not that I'd expect much clarity on these issues......other than maybe whay you don't want to hear.
Always sucks when you have people who are great running the business side companies but fall short on the running publicly traded companies side.  I'm sure the plan is to take it private as cheaply as possible.....basically starve shareholders of all that is good until they just can't take it anymore....then hit them with a lowball offer.

  you have to ask yourself then why did they not do this 2 years ago when in protection? Privatization would have been easily done for $.50 at that time. Also what does he do with it if it is taken Private. He is getting old and I don't think that is a great strategy. I still think Canadian Tire would love to have this accretive division on there books. They could pay $5.00 tomorrow and still call it accretive. I usede to own Mark's work Warehouse and who would have thought Can tire would buy them out. They also took over Sport Chek and Party City so they are not immune to buying out of thier core business.
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