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Reitmans (Canada) Ltd. (A) Stock Symbol: RET.A-T

Last Price Recorded: $4.2000 on 2017-09-22

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Date Signal Expert Opinion Price
2017-08-30 SELL Brian Madden

A long-established retailer, but is competitively weak. Its brick and mortar footprint is too big. The store count has come down from about 1,000 in 2011 to 670. That has arrested the same store sales decline. However, the overall consolidated sales really haven’t budged in 4 or 5 years. Return on invested capital is near zero, and the EPS is near zero. The dividend was cut in 2013 by 75%, and looks like it is vulnerable to a further cut.


Price:
$4.270
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-04-03 BUY Benj Gallander

They came out with fantastic results and then they took a beating.  Get out as high as $15.  Same store sales are going up nicely.  He sees lots of upside.


Price:
$5.400
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CONTRARIAN
Owned:
Yes
2016-10-04 COMMENT Jerome Hass

This was a big winner for him as a Short in 2003, which he covered. He understands they have apparently gone into the gas station business along with their clothing line.


Price:
$6.850
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
No
2016-09-22 COMMENT Benj Gallander

Just reported great numbers. For a long time their numbers had been awful. Same-store sales were going up, especially online. The company was getting hit because the US$ was going up so much. He can see this getting up over $15 again. Pays about a 3% dividend, and they have no debt on the books.


Price:
$6.530
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-06-30 COMMENT Hap (Robert) Sneddon FCSI

The whole discretionary space is getting a little soft. Chart shows a big downside from July to January followed by a base that gives a little bit of floor. The technical target is probably a little bit below its current price. If you know the story and the fundamentals really well, that is probably a better gauge than looking at technicals alone. His upside target is actually lower from here.


Price:
$4.400
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-06-03 COMMENT Jon Vialoux

The period of seasonal strength for retail stocks is from January through to April, with another from October all the way through to the US thanksgiving holiday, the end of November. This past season, it broke the downtrend and started to consolidate. It is now bumping up against some of the major moving averages. It is trying to break out. You want to see it break out above its resistance of $5. Between April and October, these stocks don’t tend to do too much. There is support at $4.20, and that is your exit point if you are still holding it.


Price:
$4.470
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-06-02 COMMENT Michael Sprung

This used to be a “go to” company in terms of dividend sustainability, and a favourite in the retail segment. Retailing has changed remarkably, particularly if you are distributed in multiple malls. The Internet is having a big impact on retailing. Companies like this are having problems.


Price:
$4.340
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-05-19 DON'T BUY Lorne Steinberg

They are sound financially and always have been. They are hurting from foreign competition.  Same store sales are down and they are trying to manage the decline.  He would not step in here.  Even a good management team is struggling.


Price:
$4.280
Subject:
DEEP VALUE GLOBAL EQUITIES
Bias:
BEARISH
Owned:
No
2016-04-25 WATCH James Rife

(Market Call Minute) Struggled.  It is a turnaround.  He would follow it to see some good quarters. 


Price:
$4.720
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
2016-04-20 TOP PICK Benj Gallander

Lost $16.5 million last quarter. A big part of that was that they source a lot of their goods in the US, and have to sell them in Canada. When the Cdn$ got killed, that cost them a lot of money. The Cdn$ is coming back to some degree which will help. This past quarter their revenues were about even, but that is on 56 fewer stores. Same-store sales went up a couple of points. Internet sales went up 69%. A clean balance sheet. Dividend yield of 4.54%.


Price:
$4.410
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-08-04 COMMENT Benj Gallander

His VP has this in his portfolio, but Benj has never bought into it. They’ve had difficulties. Had to cut back their dividends. They have a clean balance sheet. They are doing better now. Same-store sales, a key metric in this industry, were going down, down, down. They seem to have stemmed that tied. It potentially has a good upside from here. If he were going to buy it, it would be at a cheaper price. It is a company that also has to deal with the Internet marketplace. However, in the last quarter their Internet sales skyrocketed.


Price:
$5.740
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2014-10-21 PAST TOP PICK Jerome Hass

(A Top Pick Sept 18/13. Up 12.23%.) Short. He got out at about $6 in January.


Price:
$6.490
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
SELECTIVE
Owned:
No
2014-03-24 DON'T BUY Peter Brieger

Used to be a leading retailer but competition grew significantly.  There was a suggestion they could get hooked up with someone but doesn’t look like it will happen.  Don’t hang your hat on it.  You could see a dividend cut.


Price:
$5.630
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-03-07 DON'T BUY Michael Sprung

In a difficult industry.  A lot of traffic in malls is taken by Wal-Marts and Targets.  It is hard to adjust.  They have to rethink their business plan.  Staples just announced the closure of 200 stores.  Traditional retailing is changing.  RET.A is having a difficult time making that change.


Price:
$5.690
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2014-01-13 DON'T BUY Michael Smedley

Very difficult.  A well held family company.  Fairfax has bought a large slug of the stock.  He does not know what that means. They are astute investors but they sometimes get things wrong.  He sold out last September.


Price:
$6.070
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
Showing 1 to 15 of 72 entries
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