Reitmans Ord Shs V.RET

Pricing in

[savyinvestor333]

that all older women are not buying anymore clothes. That is a scary thought.. Added a few more at $1.40

[Mephistopheles3]

I added a bunch more in at $1.40 as well.  I was happy buying at $1.55, so still happy to buy another few thousand shares at $1.40.   I don't think there's that much rationale behind this decrease, just sellers getting out.  Other retailers are not getting slammed.  Volume is already triple in the opening hour vs. historical.  

[Zemoy190]

What the heck is going on with this stock,,, I used cash advance from credit card and noe I'm at big loss what gives,,, 

[Mephistopheles3]

Aritzia is down 6% today which is a much larger one to look at and Roots is down 3.5%.  Just people getting negative on retail right now - I don't see any fundamentals changing, so I loaded up another 4K shares at $1.40!   But dude, never invest using cash advances on your credit card.  That's the worse idea ever.

[Zemoy190]

Lesson learnt men,,, I predicted great earnings is only reason I cash advance haha,,, I guess there goes my savings for next year and a bit 

[savyinvestor333]

Shakimg out the weak hands  I bought more again at $1.35 Remember the realestate on the books is undervalued to the tune of $1.00 per share. Your almost getting the whole business for nothing. BUY BUY BUY don't be shy

[Mephistopheles3]

Right.  The liquidation value in the bankruptcy report provided me with a lot of comfort about opening a position here as it provides a floor in my head for the price.   Just the irrationality of the market is hard to predict - we might have to sit and wait for another 3 months for another reporting period before the price jumps... or not.  Maybe it'll be next week.