Reitmans Ord Shs V.RET

What recession?

[TheCount11]

Nobody wants to be on a ship with a fair weather captain because storms do come.  There is no doubt the waters are really choppy in Canada and the weatherman has been calling the storm of the century for the last couple of years.  Leaky overloaded boats will capsize.  The captain of the SS Aritzia has done a great job and sees the light ahead.   Canada net revenue was $327M this quarter vs $311M last year.  Management is guiding Q4 growth between 5 and 7%. 
Inventory also decreased. 
Lots and lots of $$$$ being spent on CapEx eg $100M on boutiques.   
Profitable.
2023 NCIB expires on January 19, 2024.  The Company repurchased a total of 1,089,641 Shares for cancellation at an average price of $27.52 



Reitmans likely soft Q4 is more on management than macro.  Reitmans is more value and skews older that Aritzia.  

Where is Reitmans NCIB?  Sleepy board of directos

[Lllennn]

You know the Captain? Ya 3x3 or 3x27? 

[TheCount11]

Aitzia currently up 20%! Stock price hit $32.90. Investors like the forward guidence! 

[Torontojay]

And in other news.  Consumer price index closes out the year at 3.4% in the US which increased from 3.1% reported in November. Don't worry, the good news is that Tiff Macklem will continue to fudge the numbers and bring inflation down to 2% very soon. Let's remind ourselves that property tax increases in Canada is not inflationary Lol. 

[TheCount11]

A lot of Apparel Investors (I am pointing the finger at myself) were caught offside on Aritzia.  Now stock is firmly over $30.  I should have backed the truck up last quarter as I like management. I thought Canadian SSS would be down for Q4 (guiding to small increase) with Q3 inventory up.  Aritzia skews younger.  That generation has the most debt.  Never thought I would

[savyinvestor333]

 Well just make sure you don't make the same mistake twice.ie RET.A  We are going higher. Stealth bid from Canaccord today.

[TheCount11]

Have a lot of Reitmans and add on pullbacks.

[RedeyeGarf2]

Why did Arizia jump from $25 to $34.88 when revenue is only up 4.6% and income dropped by 39%. G&M January 11, 2024 Aritzia Inc.’s ATZ-T stock rose almost 21 per cent on Thursday as the market responded to the company’s latest earnings and several analysts upgraded their rating on the company. Shares in the Vancouver-based retailer closed $5.55 higher at $32.01. The spike

[Torontojay]

Nothing special about their quarter.     

[savyinvestor333]

It's like I mentioned the other day. The stock is not the economy. We don't know what the market is pricing in for bad news. Obviously Aritzia shareholders were pricing in real bad news and it wasn't that bad. I think we are totally in the same boat here. And regarding these morgtage renewals Iimpacting retail sales I don't think Reitman's clientele is in the demographic of