Reitmans Ord Shs V.RET

Wow what a Buyback in Dec

[savyinvestor333]

Filed 2025-01-03 16:02 Tx date 2024-12-31	$RET Reitmans (Canada) Limited	Reitmans (Canada) Limited 1 - Issuer Direct Ownership	Non-Voting Shares 38 - Redemption, retraction, cancellation, repurchase	-1,700 vol	5,300

What a Joke

[bucheroncapital]

Ridicules ! They hav to be plaining somerhing to do with the cash on hand (better than a 5300 / share buy back)

[savyinvestor333]

Over 300,000 shares traded on just the TSX in December and they buyback 1700? If you listen to the CFO talking about the buyback in the Rivemont video presentation she states  "it's certainly not for lack of trying"  Here is the video link below Go to the 15 min mark.  Talk about BS We certainly do need a SHAKEUP at the board level. https://www.youtube.com/watch?v

[filoux004]

Simply put...Something does not meet the eye??? Stubborn still holding after 2 years at basically my ACB. Shareholder mobilization? Hope the BOD is reading. Glta DD

[savyinvestor333]

Yes something seriously wrong with management and the BOD. I'n sure they have noticed Groupe Dynamites valuation and read all the press and broker reports about them and they still are not implementing any measures to help themselves. Let me tell you If I was in charge and my competitor was valuing a similar business at 10 times my valuation I would do everyting in my power to shrink that

[houbahop]

It's about time you guys realize there's something wrong with Reitmans BoD. Simply put, they do not assume their fiduciary reponsibilities towards the minority shareholders. When you see this, you know big investors won't touch it and the stock will remain in the too good to be true value trap.

[Lllennn]

I don't think buybacks are all they cracked up to be cause its still spending $'s same with Div and they had up to 60 million shares approx in pass. I think what they are tring to do is find Synergies, sounds like they playing cat and mouse trying to catch it. As a SH you can find Synergies external to Reitmans by owning, this was the same for me with Megan Brands, what they doing has a

[TheCount11]

Agreed! Finance 101...a share is worth the present value of future cashflows.  Reducing the number of outstanding shares increases cashflow per share all else being equal. When capex equals non lease depreciation Earnings Per Share (EPS) is a reasonable substitute for Cashflow.  This is generally the case for apparel retail. Investors are interested in EPS growth which is the change

[Lllennn]

finance is secondary to running business as to the mechanics. Its very difficult to sell out your product at end of year and have clean slate to start next. Then to replace product knowning what will sell over the year. I like the play they started with UK, that be interesting to see if that gets any tracktion and sounds like they going at it lite so can back out if no cash there. I was talking