Reitmans Ord Shs V.RET

What's weird

[filoux004]

What's weird is Ms. Limbardi still shows up as president of Indigo?

[Lllennn]

QT lighting up the board, What's happening guys?

[RedeyeGarf2]

She does not start with Reitmans until September. So maybe there is a transition period between Ms. Limbardi and the new president of Indigo.

[Lllennn]

Or they selling company and merging with another imo

[nozzpack]

Or maybe Swartz , after half of his BOD left..did they take the hint that werent needed much longer...has decided to monetize his investment in INDIGO. Its worth $4 per share on just the cash alone but his acquired/developed  diversiffiation assets would be attractive to RET , as they have taken root and now show tangilble signs of strong growth . Who better to husband their growth than the

[Lllennn]

How does books and clothing go together? I don't see it imo

[Torontojay]

Unless they are going to form a conglomerate and acquire cheap companies with a focus on cash flow. It's anyone's guess. 

[Lllennn]

Well the new CEO is a very good move as it's women clothing and also she will bring a lot of women over as new Share Holders, makes very good sense, Indignio I would wait for below .21 cent but probably sell before that imo

[nozzpack]

Gerry Swartz is 82 and Heather is in her 70s, so you have to think, as you do about the remaining Reitmans elder that they have come to recognize that their energy reserves are insufficient to effectively run their businesses . So, it makes sense that signifucant changes are on the way for one or both of those businesses..

[RedeyeGarf2]

If you look at the financial numbers at Indigo No profit Heavy in debt. No growth.Oppose of Reitmans.

[nozzpack]

Indigo has one huge quarter in the Year in which it is able to add $125 m or so to the cash position. It then spends the other 3 quarters burning through most of that cash. Its legacy business..books..is slowly shrinking, so it will have to make a decision soon to ditch this business and its high leasing costs. I dont see any other way to turn the business around other than a complete sale. The

[Lllennn]

Apparently clothing sales in Canada was up over 10.4% this quarter, so this setting up very good going forward imo

[Torontojay]

Yup, clothing sales still going strong in Canada. It is worth noting that this is not the case south of the border where retail sales are weak. This does not apply to Reitmans anyway.  This makes sense. How long was Canada in lockdown for, 2 years? 

[RedeyeGarf2]

As an investor of Reitmans, Indigo looks more of an anchor No Thanks.