Reitmans Ord Shs V.RET

And Roots Results are Out

[savyinvestor333]

Up 15% right now on what i don't consider good results. I was in one of there stores a couple of days ago. Very limited product lineup.

[nedstar71]

Part of the problem there is the same problem here.  Sure, it's up 17% now.  But nobody holding even a remotely decent sized position could take advantage of that "rally" as the total volume is about $50k.  And if history is any guide that rally will fade and then even the small time flippers may be stuck again. On another recently discussed topic, one thing that

[savyinvestor333]

When are Non-Voting Shareholders Entitled to Vote? When are Non-Voting Shareholders Entitled to Vote?  The Ontario Business Corporations Act (“OBCA”) allows corporations to be formed with multiple classes of shares. For a variety of reasons, incorporators sometimes find it desirable to create classes of shares whose stockholders are not entitled to vote on company

[nedstar71]

Thanks for that.  Seems strange that Donneville would have suggested that route then as I find it difficult to believe non voting shares would vote in favour of giving such a high premium to the voting shares.  Then again, maybe combined with a buyback (SIB) of non voting shares in conjunction it would make the scenario more palatable for the 'A' holders.  If it meant

[savyinvestor333]

Magna did this for Stronach back around 2010. I think It would be worthwhile oif the premium wasn't crazy as then somebody could gain control to enact reality into the BOD

[Lllennn]

Not so savey? Watch the difference in earnings 17th and 19th  GRGD will be huge as younger crowds with growth, Ret older crowd zero growth and even with the difference between the two of 680 million that's how much growth means to investors and don't get on here when they dish out the verbage read the financials don't go on feelings and take the whole picture when making your

[savyinvestor333]

I hope for your sake they have at least 8x Reitmans earnings. Cause that is what it is priced at

[Lllennn]

Not required, Ret has no growth, multiple not available for Ret, they could burn all the cash in 12 months, no growth less foot print only growth is management spending imo

[savyinvestor333]

Ok I am fine with you buying Groupe Dynamite.  Hope you are fine with me owning Reitmans. Come check in in a year.

[Lllennn]

 Be careful what you wish for imo

[savyinvestor333]

"they could burn all the cash in 12 months"  I find this one hard to believe. after all they have been in Business for 98 years. Do they totally forget how to run the business? Please explain I'm all ears. 

[Lllennn]

For the last 20years, look at the grid, "You can always rely on not relying on Reitmans" it shows so I don't k ow where your coming from, for last 20-25 years it's been ski slope. Because it has no growth and reducing footprint increase spending and increasing option and zero buy back, zero credibility and so much more negativity zero synergies with indigo spillover, soon to be

[savyinvestor333]

Sorry I only have 4 years experience with them,I first purchased at $.50 so maybe that changes my perspective.