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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 savyinvestor333on Dec 20, 2024 3:55pm
94 Views
Post# 36372857

CFO Retirement

CFO RetirementWith Richard Wait retiring and still holding 373,000 options i imagine he will be looking to convert and sell as many as he can. I never tried to check if they are in the money or not. This could be a headwind or maybe the company is holding off on the buybacks so as to have powder dry to facilitate this for him. Anyway there is no denying the VALUE here and with this being a 2.5% position in my portfolio at the present time I am find holding and adding when there is a sale. It will only be a matter of time that some Bigger Fish decides the cash on the balance sheet would look better on there's. Until then I sit and wait for the catylst and if 2025 gets choppy this could end up being a good hiding place. 
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