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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 Jul 30, 2024 2:14am
96 Views
Post# 36153786

RE:Question

RE:Question
filoux004 wrote: Something is not right here???? Any thoughts. Tx glta DD

They announced their intention to commence an NCIB in the earnings report over 40 days ago, then no followup about it being approved by the exchange which is pretty standard.  I get the impression this CEO isn't exactly stellar.  On the conference call she didn't seem to handle questions well imo.  The other exec on the call, can't remember his name was great trying to bail her out but she seemed unprepared, unwilling, or maybe just unable to answer some of the questions satisfactorily  As for something not right? Yes.  Should have uplisted year(s) ago, hasn't. Should be paying a dividend, isn't.  Should be aggressively buying back shares for years(s).  Isn't?  Never any insider buying.  Many things could be seen as not right here.  The only question is why has management seemingly almost gone out of their way for the past 2+ years to instill zero confidence in the stock.
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