Reitmans Ord Shs V.RET

September Slam

[Lllennn]

I hope I'm wrong on this but I don't think so, that's why you have management dumping and people hoping buy back is the bailout they been looking for, less stores for sure to report. IMO

[Lllennn]

Hey few thousand shares is not going to hold this up, 34 million will have to be makes down this Q, $2 - $1.90 and this would go with every announcement they have made where it drops, plus another batch of options for sure at lower price imo, you can rely on Reitmans by knowing you can't rely on ret. Don't forget they had decades of dropping and 24 months of out of hole only to fall back

[Lllennn]

Hey Hey someone bought 7k haha, when I'm with you lol imo.

[Lllennn]

This whole thing smells like Moosomin Saskatchewan imo

[RedeyeGarf2]

You have two choices: Cut bait and get out of this stock OR stay in Reason to stay in 1. No long term debt (other leases obligation) 2. Current EBIT of 75 million a  year  3. Postive earnings of 30 cent per share as of last year 4. undervalued stock price 5. Real Estate value of 240 million accoring to Donville Kent report  - 4.80 per share

[RedeyeGarf2]

Reason to stay in 1. No long term debt (other leases obligation) 2. Current EBIT of 75 million a  year  3. Postive earnings of 30 cent per share as of last year 4. undervalued stock price 5. Real Estate value of 240 million accoring to Donville Kent report  - 4.80 per share and the 6th reason: 100 million in cash 

[WeirdPhil]

The Real Estate Value that Donville Kent put forward is over $100m too much.  The head office does not have anywhere near the value that they first reasoned, but the 1 million sq ft distribution facility has tremendous value.  

[RedeyeGarf2]

So your estimate of the real estate being 140 million - closer to fair value? That is about 2.80 per share.

[filoux004]

You do realize if insiders are selling  they must file with SEDI . I see none of that. Something happening. Made a killing 3 year ago. Loaded up today. Glta DD 

[Lllennn]

Hey do not get sucked into buying into the  weakness this is classic, look at TIXT it had a nice upward graph until earnings haha, ya they selling on a small pump bids and retailers taking the bait, and thus the up coming buzz cut cliff drop, enjoy the ride while you can imo

[RedeyeGarf2]

Leon Furniture (retail) a deeply value stock just jump 50% in the past month

[Torontojay]

Leons is one of the best managed companies in Canada. A great stock to just set it and forget it.