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Bullboard - Stock Discussion Forum Reitmans Ord Shs V.RET

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

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

TSXV:RET - Post Discussion

Reitmans Ord Shs > On it's way to test $2.25
View:
Post by flamingogold on Sep 18, 2023 10:57am

On it's way to test $2.25

and maybe the $1.90's just on fear alone from the $3 wall coming down. Shorts may help push it down as it hits their radar.
Comment by HarryBarry on Sep 18, 2023 11:14am
Which would bring it below Cash in Bank Value of approx $2/share - am I correct? Harry
Comment by flamingogold on Sep 18, 2023 11:25am
Markets are notorious for being irrational at times. In this rate tightening cycle I've seen many equities touch levels that don't make sense.
Comment by RedeyeGarf2 on Sep 18, 2023 12:30pm
Cash is about $2/share, property value is about $2-3/share
Comment by Northforce13 on Sep 18, 2023 1:53pm
Not correct, no, 2.25 is not below 2.00; 2.25 > 2.00
Comment by flamingogold on Sep 18, 2023 2:56pm
If the response is meant for me, not sure what you mean. Given the latest results, I think the stock could certainly retest $2.25, Add in shorts, fear, and momentum it could overshoot and go lower. It would make a good dip buy as I wouldn't expect it to stay there long