Reitmans Ord Shs V.RET

A long road for investors

[RedeyeGarf2]

The limits to the repurchase is roughly 700,000 shares per 30 days ..up to 3 million shares for one year as of August 5th. There is a limit as to the price they will pay.

The only good news ..if the price is depressed so is the reward for management with their stock options.

[filoux004]

Bottom line it's frustrating that the Reitmans family doesn't want to activate all the levers to unleash shareholder value. It seems the patriarch doesn't want to relive the scrutiny of the TSX with its cohorts of analysts but being listed on the TSX would allow mutual funds and pensions to buy in. All that's left is a NCIB and a possible dividend policy. Very frustrating.