RE:RE:RE:I reviewed the 2013 statements. Book value was $7 range AND Reitmans is suffering from a 100 years old Famiky management team who have run out of ideas and interest as to what to do next.
Not unexpected , as inbred management usually ends up this way.
It is still a one trick pony, a cash cow but a staid one, still with the same udders of yesteryear .
So, they are turning over the reins to a flashy executive and told her to transform the company into something much more than just a seller of middle class apparel.
Its about time, I'd say.
If it is done right, we will have a very profitable future here,.