RE:RE:RE:RE:RE:RE:RE:RE:Cad : USD savyinvestor333 wrote: Torontojay wrote:
nedstar71 wrote: Lllennn wrote: McDonald's is reconsidering its pricing strategy, after customers cutting back their spending took a bite out of the fast food giant's sales.
No doubt. Not that that has anything to do with Reitmans mind you but no question their customers are pulling back and should be, their prices have gotten way out of hand. A 10 piece McNugget 'value' meal with tax is well over $19....a lowly Big Mac meal over $15. They pushed it too far and drove many away.
Big economic crash is imminent.
Yield curve is close to uninverting. Now is the time to be defensive and a time to have some dry powder.
Reitmans is in a bad spot here with retail that is currently getting pummeled and that's in nominal terms. It is even worse when you look at total volume transactions. The turnaround is a long time away.
Canada has become uninvestable.
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Canada has become uninvestable. " As my portfolia is hitting an all time high with an over 15% return year to date. It's a stock pickers market. I am feeling no ill effects to the portfolio by holding a couple of losers right now.
I'm not even sure it's a stock picker's market given the TSX index is up over 20% from the lows last November. Throw a few darts and you're good. Too bad I suck at darts :-(
I don't see Reitman's getting badly damaged even in a recession as demonstrated in 2008-2009. That isn't the problem here. The problem here is the stock is becoming entrenched at sucking . And management seems to almost have disdain for shareholders, unwilling to make the most basic moves to remedy the situation. Did they even put the request in to the exchange for the NCIB when they announced their 'intention'? Because it doesn't take this long to approve.