Reitmans Ord Shs V.RET

I'll be disappointed

[savyinvestor333]

If we do not break the $2.00 barrier within a week. I would say today but this stock seems to take a couple of days to wake up after earnings.

[tomperns]

I'll be disappointed if we don't hit $3 within a week. I get that they are focused on the business, but at some point they need to also focus on attracting new blood in the shareholder base. Step one would be uplisting to TSX and then getting a few analysts to cover and maybe providing some form of guidance.

[Gann999]

So did everyone jump out at the open doesn't seem to be doing much considering the financials they just dropped.

[Zemoy190]

Whole market is down 2% lol,,,I had them at $3.75 book value,,, eventually it'll go up

[savyinvestor333]

Anon was selling all the way into earnings and doesn't look like he's finished yet. I haven't sold any today and think $3.00 is not more than 6 months away barring a crash. I see at least $.70 a share earnings this year and a very modest 5 times earnings to put it at $3.50 still way below current book value. Like i said give it a week the buyers should overtake the seller.

[TheCount11]

I think your focus on earnings is the right approach.  I like thinking about the medium term business rather than short-term stock price.  If I could own the entire company at current prices I would (Reitman family owns controlling interest).  They have a monopoly on older plus size Canadian women.  Satisfy their customers and the cash just keeps coming in.  Annual NCIB

[tomperns]

Disappointed with today's action. Results were solid; balance sheet is lean. Only good news is that the low volume tells me people are hanging on to their shares. I still expect this to trade north of $3 within weeks, but what do I know.

[pennylane101]

If you look at the trades that went through today for Ret, it was Anon doing the buying and selling for the most part---probably into his own account. Seriously?  I'm long and holding out for the regular divvies.