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Reitmans Ord Shs RTMNF


Primary Symbol: V.RET Alternate Symbol(s):  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 Lllennnon Nov 01, 2024 10:59pm
73 Views
Post# 36293352

RE:RE:RE:RE:RE:He can't wait

RE:RE:RE:RE:RE:He can't waitThis makes sense, as I've said in past it was $2.60 at time of strong Q bs they feed you and he dumped at 2.68, it's not strong people it's a pump verbage, most of the cash will burn up with the merch purchase, you have the dollar lower, interest on cash lower, lower sales, higher ad cost, less foot print etc etc, time to wake up people, your doing wishful thinking not real world, they don't make usd they CDN, it's bad, it's only worth real estate and they burnt 14 mil on trac system for what? 34 mil on door dressing? You see corporations already pumping Xmas trying to get last years line bottom, they won't make it, you had to of been there by end of July, if they didn't make it than the cash burn will equal cash outflows or even negative. I seen what was going on near end of May, velocity of money was really slowing down then, BOC behind by 6-8 months at least, now then in a rush cause it not going to be soft landing but a crash, he selling cause can buy cheaper in 6 months. Management is drag on bottom line and the spending which won't return anything and really if they done nothing you d have better return now it's just gone, and the real estate would have to be repurposed at cost or reduced sale price, it's like a yacht for super rich they build for 250m but can't sell for 25% of money spent because it's very specific to the owner who built. BOC will have to drop 1% to 2%  y this time next year so no chance it moves with strong support only pump then dump but even that not when already dumping imo not fact sort financial advice as this not advise but opinion IMO
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