Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 flamingogoldon Aug 05, 2024 12:03pm
58 Views
Post# 36164678

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

RE:RE:RE:RE:RE:RE:RE:RE:Cad : USD Corrections (10% declines) are normal, healthy market cycles. Crashes (30% or more) are not. Today's US selloff is just the froth coming off the top.

The Nasdaq has been a crowded trade since 2023 with many hiding in just a few tech names. That is why it's seeing a 15% haircut and could easily enter bear territory (-20%) before it bottoms. But, it may be short lived. The FED will be stepping up to the plate to cut in September, maybe as much as a 1/2 pt now, and as much as 1.5 pts six months out. Growth stocks love low rates and that will put a floor under the tech selloff.

As for the S&P and DOW, no major recession on the horizon. The money coming out of tech will flow into the broader markets. Safe GIC and money market sideline money will begin looking for better retruns in equities as rates decline.

Bottom line... this is not a 2020 covid moment when the VIX hit the 80's. Central banks have enough dry powder to soften any major economic delcines. This is the "pain" that Powell talked about that was coming 2 years ago when the tightening cycle began It has arrived. But now, the pivot begins and the easing of the pain. The reigns are coming off. All healthy and normal and no severe economic crash.

Torontojay 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. 
 


 

Not bad timing with this post. 

Some people have argued with me that the yield curve is no longer relevant. Sure it isn't (sarcastic) 



<< Previous
Bullboard Posts
Next >>