Reitmans Ord Shs V.RET

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

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.

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Reitmans Ord Shs > Reitman’s summary

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Post by Torontojayon Apr 18, 2024 7:10pm

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Post# 35997014

Reitman’s summary

Cash: $116,653k

lease liabilities (current) : $31,329k

lease liabilities (non current) : $ 106,265k

debt: $0

net earnings: $ 14,815k

market cap (A shares) : $125,704k

P/E = 8.48

Current assets : $154,476k

Reitmans is trading close to its cash value with no debt. It is also trading below its current assets with a significant margin of safety. The company should consider a Ncib as the shares are trading at a discount to its book value. As of years end, shareholders equity (book value) is $279,018k and the price to book ratio is only 0.45.

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