Reitmans Ord Shs V.RET

New Press Release - Reitmans (Canada) Limited announces its results for the 13 and 26 weeks ended July 29, 2023

MONTREAL, Sept. 14, 2023 /CNW/ - Reitmans (Canada) Limited ("RCL" or the "Company") (TSXV: RET) (TSXV: RET-A), Canada's leading specialty apparel retailer, announces its results for the second quarter of fiscal 2024. Unless otherwise indicated, all comparisons of results for the 13 weeks ended...read article.

[pennylane101]

I haven't been able to access the financials on Sedar+ yet but this number stands out for me: Reitman's cash holdings are now  $ 96,681,000.   This company is a money making machine.

[Trooper01]

Yes ,  Q3 should add good cash too maybe they will finish the year with 150M cash thats roughly the actual market cap lol

[bucheroncapital]

No debt , near market cap in cash, so  real estate assets, inventory and goodwill are valued close to 0$.  RET should be @ $6 stock , eventually value will emerge !

[Lllennn]

Who dumping 69m to 96m? Honeymoon just starting? Lol

[Trooper01]

They should just sell all their assets and give us the cash they are asset rich but so small profit

[Northforce13]

Where did you see that cash holding amount?  I didn't see it in the PR...