RE:RE:holding steadybabe, kudos to you on going with Reitmans. I still hold ATZ, I think the opportunity for real stock appreciation will come with a US exchange listing. It's a hold at the current level.
babedinkleman wrote: Nice....nothing wrong with taking some profits maypeters. Not like this is going to blow through $4 or $5 any time soon.....if ever. Tough to argue with the dividend though.
Worth looking at Reitmans if you're looking to put a little money to work.....although it's already moved up some it may still have a double or more in it if everything doesn't go to shiit economy wise.....and to be honest even if it does still should have more upside..
We were discussing it here a while back comparing it to Aritiza...and how undervalued it was in comparison. Very different companies....no growth....different price point and clientele but given what we may be heading into that's not necessarily a bad thing. Zero debt doesn't hurt either.
Worth noting from a few months ago when we were comparing the two.....Aritiza is flat and Reitmans is up 80%. Even after that move it still ticks all the boxes for another double in 2023 with some big catalysts ie restarting the dividend (they could easily be paying a 50 cent annual dividend right now)....uplisting back to the TSX etc.
Covid reorganization worked very very well for them and they are a debt free cash generating machine now. I never thought in a million years I'd invest in women's retail clothing but it's about as undervalued a stock as there is right now in my opinion.
Anyway just thought I'd put that out there......not looking to start more off topic threads but have a look if you have time.