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Reitmans Ord Shs V.RET

Alternate Symbol(s):  RTMNF | RTMAF | V.RET.A

Consumer Cyclical Apparel Stores
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
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Post by RedeyeGarf2on Jan 26, 2023 12:43am
363 Views
Post# 35247019

Great article from Stripes Capital - Seekingalpha

Great article from Stripes Capital - Seekingalphahttps://seekingalpha.com/article/4571003-reitmans-is-a-strong-buy

Reitmans: A Minimum Increase Of 115% Needed To Approach Fair Value

Jan. 19, 2023 2:40 PM ETReitmans (Canada) Limited (RET.A:CA), RET:CA, RTMAF, RTMNF12 Comments

Summary

  • The new Reitmans is a cash flow machine that has generated $1.07 of FCF per share over the LTM, a FCF yield of +50% after considering excess cash.
  • The stock is undervalued by any metric: A 20% FCF yield would command a price of $6.35. Fair market NAV is $7.84/share.
  • YTD results are the best they've been since 2012. At that time, Reitmans was paying an annual dividend of $0.80/share.
  • Publication of Q4 numbers in April 2023 should provide the board an adequate basis to decide to reinstate a dividend payment....
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