Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

GREY:XEBEQ - Post Discussion

FormerXBC Inc > Reitmans' CCAA price action
View:
Post by LyChauncey on Sep 30, 2022 3:51pm

Reitmans' CCAA price action

It was interesting to study the price action of Reitmans during the CCAA process. The share was trading at around $0.32 a share before May 1, 2020. That was already a depressed price (the average price of shares was about $2.8 in 2019), so I guess financial distress was mostly priced in. Prior to the CCAA announcement, the May 1, 2020 earning release was a disaster and the shares plummeted to $0.12 level. 18 days later, on May 19, CCAA announcement kicked in and trading was halted. The SP was at exactly $0.075(Same as XBC bid/ask now) a share for the next 3 months. After trading resume at TSXV on September 3rd, 2020, the share jumped to the same $0.12 level before CCAA announcement and stayed there for another 2 and half months then the situation got better the share went straight up to the highest $2.1 a share in January 2022. The market then crashed and today's price is $1.55.
Comment by TheCount11 on Sep 30, 2022 4:24pm
Last quarter Reitmans had $229.2 million in Sales with 60% gross margins!  EPS was 76 cents!  Massive upside surprise. They have brought back Thyme and Addition Elle which means there will be more foot traffic with less stores so higher profit and less CapEx.  Company is going to be refreshing stores.  Thats an advertizement that pays for its self. Hopefully enough like ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities