Post by
CarefulSpec on Jan 25, 2023 10:45am
BoC pause
The BoC pausing rate hikes should be an economic positive for consumer discretionary. That may explain the new 52 week high on the A shares. Reitmans still looks exceptionally cheap if the economy weathers this storm.
Comment by
filoux004 on Jan 25, 2023 12:22pm
Good point, don't forget a possible re listing on the TSX and a possible reinstatement of a dividend policy, although I dont think before 2024. This is turning out as the turnaround story of 2022-23 and will be one the best persorming Canadian stocks. Just my humble opinion please DD and glta
Comment by
filoux004 on Jan 25, 2023 12:58pm
If you want to dream keep in mind ret.a hit 24$ in 2007 with sales of 1.1B and lower margins than today. Now back to reality with a co. thats heading to 800m in sales by end of 2023 , 100M cash and little utilization of their BMO credit line and EPS that could be over 1$ is 12$ possible? Just me speculating please DD and glta
Comment by
filoux004 on Jan 25, 2023 1:24pm
Not only mis this the turnaround story of 2022-23. This may well be one the best performing stocks in 2023. DD and Glta. Looking at Indigo as a turnaround however debt on balance sheet is heavy but still 1B in sales and mkt cap under 100M ? DD and glta