RE:RE:RE:RE:On the bright sideBabe as I said, spent some time on the consumer retail sector and walked a company through chapter 11. You need to take a better look at their financials. Sales have been going down. They have about 65 million in real estate assets where the prices are falling so they would likely get more like 50 - 55 million. Two class share as you said really bad thing. Reitman's is expensive but not super quality so the term is being mis-used as expensive does not mean good! While all above are bad for the outlook of Reitman's here will be the killers. First, the on-line clothing business has gone wild with entries and not all the Walmart style clothing more are going after the higher fashion lines. Here is the other one you need to play special attention to. Payables! Reitman's last quarter showed their payables were higher than their cash position so they need a really good Christmas from both a sales and margin perspective. And here is the other killer in Retail which ties into the above. In retail you need a very large inventory going into Christmas. If you choose the wrong styles or are price higher for similar styes elsewhere you in trouble quickly. Reason being is inventory has to be paid for and the more you are stuck with you are paying much higher interest rates. I you are sitting on Inventory that you are paying 8% to finance interest rates have risen what about 4%. So that is a 50% increase in carrying costs. This is the problem right now in the Real Estate sector. Many are unsofisticated investor and think oh a increase of 3 or 4 is not that high but in reality while it is a 3-4% interest increase it is a 100% mortgage payment increase. So while Reitmans may or maynot squeak by with an OK Christmas the following quarters are expected to be disasters. Remember clothing is a light product so you can ship it from anywhere in the world for a very low cost. At anyrate come back in 2 quarter and the market is calling it right down and it will likely continue to fall and be half the price!