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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

Post by Lllennnon Nov 21, 2024 3:14pm
97 Views
Post# 36324496

Don’t Buy imo

Don’t Buy imoDon't buy Ret or Ret.a it's a huge value trap. Most on the board are pumpers to unload the stock, management exercised options and dumped them at $2.68 ish, they have a buy back but have bought very little if any, management salary is 300% above fair market, they have 150 stores too many. They buy products using usd and cdn is weak and skidding further. Its not a growth story, the spent14 million on trac they don't need they spending another 34 million on capex which is a total waste and just money to insiders imo. 12% of SH voted against management and it might be 25% this coming AGM imo. Management only takes care of themselves and funnels money off to keep bottom line low imo. Last quarter they reported  "Strong Q" but it was total fluff at best. They missed earnings and not likely to catch this year imo. Indigo owner said she left others in charge and when she return Indigo was left with just coat hangers and this has flowed over to Ret Board imo. They have cash and no debt but the cash is required to buy next years merchandise. The cash is only good for 12 months burn rate then they can go into 155 million creditors facility imo. Be very careful as they came out of proceedings and issued 4 million shares for cash to pay management imo not fact imo.
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