Added to YB: 2024-10-02
Pitch date: 2024-10-01
RET-A.V [bullish]
Reitmans (Canada) Limited
+4.38%
current return
Author Info
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Company Info
Reitmans (Canada) Limited primarily engages in the retail sale of women’s specialty apparel in Canada under the Reitmans, Penningtons, and RW&CO brand names.
Market Cap
CAD 133.1M
Pitch Price
CAD 2.51
Price Target
5.00 (+91%)
Dividend
N/A
Sector
Specialty Retail
Category
value
Reitmans (Canada) Limited: Activist Pushes for Uplisting and Buybacks
RET-A.V: Undervalued retailer, $400M BV vs $127M mkt cap. $124M cash, $200M+ real estate. $15M+ earnings. Semi-activist pushing for end to dual-class shares, uplisting, buyback/dividend. New mgmt, first earnings call. 100% upside potential. Monitoring board comms on uplisting/share structure.
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