Reitmans Ord Shs V.RET

Crashing badly

[Lllennn]

960000 available @ 1.99, it's really really end of line can sell to FFF now for $2, and these people know imo

[Lllennn]

1060000 available now, very little on buy side, you were so so wrong imo

[Torontojay]

Things could get ugly if the Canadian dollar tanks next year as some people believe.   

[savyinvestor333]

What? Can dollar has strengthened over the last month buy about 4% Is has been strong this week as the yields have come dowm. # raye cuts next year so i think the strength will continue.Why so much doom and gloom> The stock market is forward looking by 6 months. They are hitting record highs. Somebody must be starting to see Blue Skys ahead. Most of my accounts are also hitting highs. I guess

[Torontojay]

Rate cuts does not imply a stock market rally. It's actually quite the opposite. Canada is doing poorly compared to the US and I expect this to be true heading into 2024.  The $US will outperform the $Cad.  Canada will likely drop rates sooner because of the private sector debt which does not indicate strength for the dollar. 

[savyinvestor333]

"Rate cuts does not imply a stock market rally"   Sure seems to me that is exactly what is happening right now. 

[Torontojay]

You mean the magnificent 7 or Reitman's? 

[savyinvestor333]

No I am not talking about either. How about CIBC up 14% in the last month  Wells Fargo up 10% in the last week Manulife up 10% in the last month. Don't get me started on the U.S. based apparel stocks.because they will blow those 10% numbers away. Russell 2000 up 11 % in the last month. I could go on and on.

[Lllennn]

Yes, at least they made a profit, no buy back or div going to float the $3 long term imo

[Lllennn]

Probably non voting be $2 to try and get someone like Cantire to buy at $3 and buyer would get be able to squeeze wealth out of real estate like Hudson Bay did with 5th avenue. Apparel IPO's are huge right now, just watch Shein it will clean house on SP, Ret can't stand alone would need to be taken in like MB and Mattel, money out flow on top end is just to much more options and bonuses