Post by
Uthr80 on Dec 13, 2023 3:30pm
Management
I suspect the new CEO will try to establish her own legitimacy by taking several shareholder-friendly actions. Let us also remember that two thirds of Sherlex are held by non-management branches of the Reitmans family. That means the controlling shareholder is likely aligned with general shareholder interests. I also support the Donneville Kent plan to create one class, though I believe the premium for voting shares should be higher (maybe 75%) as it would essentially garantee that in future we will have professional management and not family management as was the case until recently, which appears to me to be the reason that Reitmans has twice as many SG&A people as some larger and more diversified American comparables. In relation to tomorrow, I don't expect this to be a good quarter (the FX effect that crushed last quarter's comparables should not as pronounced but the general winter which we entered this summer is likely to weight on results).
$3 per share though is still fantastically cheap especially if they do a conversion
Comment by
TheCount11 on Dec 13, 2023 6:11pm
foreign exchange loss of $0.5 million on U.S. denominated net monetary assets in the second quarter of 2024. There is a Eurodollar shortage. What interest is company making on USD? More than CAD. Q2 revenue was $213.2M. FX loss was $.5M. That is 0.23%.
Comment by
Uthr80 on Dec 13, 2023 7:44pm
Oh and before I forget, don't join GAC, because you have the temper to start a war.
Comment by
Lllennn on Dec 14, 2023 12:52am
Ya, I always knew that guy was a kook, would you recommend a shrink? IMO