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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 nedstar71on Apr 11, 2023 4:13pm
83 Views
Post# 35389300

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Stock will explode on Friday

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Stock will explode on Friday
pennylane101 wrote: Is it so farfetched to assume that they could announce an uplisting to the TSX and a dividend at the same time? 

No, those combined would be an incredible event and if it happened the stock could very well gain 30 - 50% within the week following.  My main concern for starting this dialogue was to not set people up for disappointment.  Without the uplisting I think there is little chance of a dividend, because it would make no sense to do so.  No analyst coverage, most funds can't touch it etc. Uplisting is needed either first, or as you suggest in combination with a dividend.  To expect both during these earnings is a tall order.  It would be great yes, but unlikely.  I'll be thrilled even if they are just uplisting, and so will the market imo. 
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