Reitmans Ord Shs V.RET

End of Year SP Prediction

[HarryBarry]

Anybody hazard a guess at what share price might get to by Year End 2023.

Assume no dividend or uplisting announcement in the interim,

Thanks,

Harry

[Torontojay]

I'm not quite sure Barry. It's like flipping a coin.  I am forecasting a recession in the US by Q3 which could also spill into Canada at some point.  A recession could put a delay on the share price performance in the second half of the year. It is my belief that the S&P 500 will bottom in the fall of this year or possibly Q1 of 2024. There could be an opportunity to

[RedeyeGarf2]

If I assume no dividend in 2023 and no uplisting in 2023, but they add to cash of  30-48 million (0.60 to 1.00) per share, the book value will be close to $6  (currently 5.34). So if you discount the book value by 25% then the stock should be closer to 4.50 by this time next year.

[Trooper01]

A stock is never priced on book value, sorry

[nozzpack]

What ! surely you jest. In any takeover , book value is usually one of the key metrics . RETs book is hard value mostly cash and real estate . Hard book is usually a key focus of my investment research.....and I love cash and a pristine balance sheet. Don't U ?

[RedeyeGarf2]

Book value is used for insurance companies like manulife and fairfax financial. They usually trade close to their book value. 

[Torontojay]

In the quantitative easing era, everybody forgot about P/E ratios and book values.Those days are behind us and a new era is upon us. We are not going back to the days that tech companies trade at 100 times earnings and a price to book of 10+.  All averages mean revert to its historical trends. As of this writing, Reitmans is trading well below its historical price to book values. At some

[nozzpack]

Thank you for that reality check ..