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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 > News Out
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Comment by nedstar71on Feb 06, 2024 4:41pm
116 Views
Post# 35866202

RE:RE:RE:RE:RE:RE:News Out

RE:RE:RE:RE:RE:RE:News Out
Torontojay wrote:

Yes, but what if they plan on taking the company private in 2025 or 2026? The share price can struggle for a long time so they can give a lowball offer in the future and then ignore the past. They get all the benefit not you. 

All they have to do is announce a dividend or do something with that cash position and the share price goes much higher. It's not rocket science. You have to ask yourself, why haven't they done this by now? 

They are not very shareholder friendly that's for sure. Trading below book value and not a single word on share buybacks or dividends completely blows my mind. 

 


There was a word.  The CEO said in that article just the other day
"Several stores also need to be renovated. Investment is needed in the distribution center and in the digital side, which means that shareholders wanting share buybacks and a dividend policy may have to wait a while longer."
Sounds like year minimum, not anytime soon.  The lack of uplisting is what's mind boggling to me.
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