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.

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Reitmans Ord Shs > Cad : USD

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Comment by Torontojayon Aug 05, 2024 2:52pm

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Post# 36164885

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

Fair enough we all have our own beliefs.

My concern is the following:

Sahm rule triggered - check
yield curve almost disinverting- check
savings rate at historic lows - check
frothy stock market - check
Fed close to cutting rates - check
US hiring below pre-pandemic - check
US quit rates falling - check
initial claims trending higher - check
continued claims higher - check
Fed late to cut - check
banks aren't lending - check

These generally all occur just prior to a recession. I'll side with history on this one as I think the probability of a hard landing is certainly elevated. Especially if the Fed doesn't cut aggressively on the way down. I think it's more important than ever to have a well diversified portfolio to overcome this volatility in the markets.