Bullboard - Stock Discussion Forum Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMNF | V.RET.A | RTMAF

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... see more

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TSXV:RET - Post Discussion

Reitmans Ord Shs > Below 3.6 per share

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Post by Dali812 on Apr 14, 2023 9:37am

Below 3.6 per share

Seems like good buying opportunity...
I guess lots of retail investros were expecting dividends....

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Comment by Torontojay on Apr 14, 2023 9:39am

Yup. We don't need those investors. A good buying opportunity for sure.

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Comment by nedstar71 on Apr 14, 2023 9:45am

Yes, people setting up flippers and fools for disappointment regarding the dividend that was never going to happen this quarter did exactly as I predicted. As long as this stays on the V it's going to have too many weak hands and will have a tough time maintaining any traction.

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Comment by winnerswing on Apr 14, 2023 9:41am

THIS IS REALLY NASTY: YOU JUST CANNOT GET OUT OF THIS WITHOUT LOSING YOU SHIRT NOW. JUST BECAUSE OF AN OBSCURE DEFERRED TAX CONCEPT AND NEGATIVE OPERATING INCOME

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Comment by flamingogold on Apr 14, 2023 9:47am

Will probably melt back to the $3.20 range which is where it was before this board lit up with the dividend nonsense. I don't chase up, I let the stock come to me.

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Comment by CarefulSpec on Apr 14, 2023 9:50am

I'm pretty sure its about the awful operating numbers in Q4 not the lack of a dividend.

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Comment by winnerswing on Apr 14, 2023 9:53am

Exactly. people forget that they just got out of bankruptcy. So, a negative operating income for Q4 reminds us that they may still have a problem with being profitable for good

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Comment by CarefulSpec on Apr 14, 2023 10:00am

Which has been exactly my fear, good temporary numbers as an artifact of CCAA and right back to terrible execution. The fortress balance sheet was a nice margin of safety, but this quarter opens up the question of whether this is an ongoing operation or an asset stuffed shell that would be best sold off in pieces.

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Comment by Dali812 on Apr 14, 2023 9:55am

could be... and the note from CEO that same headwinds will probably occur in H1 of Fiscal 2024... however, this company has no bank debt, only lease liabilites but covered by 103 mil in CASH... so even if the revenues will decline by 10% in next 2 quarters, this company is in good position to navigate through it

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