RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cad : USD
Lllennn wrote: This should be a wake up call for SH, I was right this is a flat tire announcement and every meaning full announcement ends up lowering share price. Another area that does not really show up in share price is the real estate and even tho it's basically zero within SH value, the real estate value needs to be adjusted down and the 14 million they report spending with probably be written off then it becomes who do they or can sell this type of building too? Like I said before this company has lost the synergy and magic by thinking they had it made and didn't really do much other than let it run, now no matter what they do the cash just isn't there and probably won't return. For me all they doing now is desperation. Hope people have taken defensive measures to protect themselves. The most important issue to remember with Reitmans is You cannot ever rely on them no matter what is happening, it could be the best of times and this company will try and bury you, just by volume everyone knows this buy back is wishful thinking at best. All imo not fact.
Exactly.
The real estate argument means s*it all. If they have no intention on doing a sale leaseback then I won't pay it much attention. Shareholders do not get to see any of that cash through a special dividend anyway.