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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 CarefulSpecon Feb 07, 2023 11:17am
112 Views
Post# 35271833

RE:RE:Return of the dividend

RE:RE:Return of the dividend

I don't see a women's clothing brick and mortar retailer as a growth company. In fact I think the worst thing that could happen is for management to get into the mindset that they are all about growth. They should target improving operations, growing at the rate of the economy, and returning money to shareholders. If you want growth buy an AI company. Managements history doesn't really say they have the chops for breakneck growth. They were reborn because all prior sins were wiped away in CCAA. Their first step should not be to find the nearest high money brothel. Dividends, buybacks, and an uplisting are the right path with prudent reinvesting in the business for things like store refreshes, and maybe very carefully selected locations for a handful of new doors.
 

Do you really think this management team can outperform the 25% rate of return on share buybacks for a company with a PE of 4 or less? If so I'm selling bridges at a great price!

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