Reitmans Ord Shs V.RET

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

Consumer Cyclical

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 > Attractive fundamentals

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Post by Torontojayon Apr 15, 2023 8:02am

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Post# 35396491

Attractive fundamentals

As of Fridays closing price, Ret-a shares are trading at a 68.5% tangible book value and 59.3% to book value.

Working capital is currently at $142.912m and a market cap of $154.828m. In other words, the company is trading close to par with working capital. I'm getting greedy again.

Investors will be buying with these metrics and traders will be selling at the disappointment of no Tsx uplifting and/or dividend announcement.

It's important that we distinguish the difference between types of investors.

We will prevail in the long run.

Best of luck.

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