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 > L2

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Comment by RedeyeGarf2on Dec 17, 2022 2:43pm

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Post# 35177796

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

I have to agree with babedlinkleman. Mark's workwear and Sportscheck fits within Canandian Tire customers as they were already selling outdoors/and athletic equipment. Reitmans does not fit with their customers.

Reitmans has a book value of $5.00 right now. If they continue to produce retained earnigns of $1.00 per year, in FYE 2020, the book value will be $6.00 and $7.00 and so on.

I remember reading a book where value investors love P/E 8-12x earnings.

Because Reitmans sells to an older demographics, like oil stocks today trading at 8x earnings vs 20x earnings in the past, it is worth 5-6x earnings.

This should be a $5.00 + book value for the property of $3.00 = $8.00 a share +/- 20%

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