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.

TSXV:RET - Post by User

Reitmans Ord Shs > Cad : USD

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Comment by flamingogoldon Jul 31, 2024 3:09pm

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Post# 36156762

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cad : USD

I should add that this has not been one of my better picks, actually a real stinker. I hold a very small amount in my TFSA as a speculative play. Where it stings is I sold 10% of my BBD shares to pick up this at $2.25 a few months months ago. The shares here have barely moved a penny but if I held my BBD shares I'd be up an extra $7000.

Torontojay wrote:
I too did well investing in early 2020 specifically in energy stocks. The valuations were very attractive back then. I believe a reckoning is coming south of the border that will spill over to Canada into 2025.

It's not just a gut feeling but it's premised on macro data that cannot easily be ignored.

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