Reitmans (Canada) Ltd. (A) | StockChase
73
Reitmans (Canada) Ltd. (A) (RET.A-T)

Last Price Recorded: $4.5200 on 2017-11-17

ON STOCKCHASE SINCE Sep 2004

clothing stores

Reitmans (Canada) Ltd. (A)


Signal Opinion Expert

2017-11-03

HOLD
Reitmans (Canada) Ltd. (A) (RET.A-T)

Bought this about 2 years ago at $3.81. Retail, for the most part, is in the dumpster. This one has done okay, and is up about 20% since he bought it. Pays a dividend of $.05 a quarter. Has zero debt and skilled management. Internet sales have been going up like crazy, but they don't announce the numbers. He is happy to Hold it. Just lowered his target on it down to $14.24, from $16.24. Even with that, it may be a bit pie in the sky-ish. However, as more companies fold, that opens up space for them to get sales.

clothing stores
Benj Gallander

President, Contra the Heard Investment Letter

Price: $4.690
Owned: Yes

2017-08-30

SELL
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $4.270
Owned: No

2017-04-03

BUY
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Benj Gallander

President, Contra the Heard Investment Letter

Price: $5.400
Owned: Yes

2016-10-04

COMMENT
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $6.850
Owned: No

2016-09-22

COMMENT
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Benj Gallander

President, Contra the Heard Investment Letter

Price: $6.530
Owned: Yes

2016-06-30

COMMENT
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $4.400
Owned: Unknown

2016-06-03

COMMENT
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Jon Vialoux

Research Analyst, Timingthemarket.ca & Equityclock.com

Price: $4.470
Owned: Unknown

2016-06-02

COMMENT
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Michael Sprung

President, Sprung Investment Management

Price: $4.340
Owned: No

2016-05-19

DON'T BUY
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $4.280
Owned: No

2016-04-25

WATCH
Reitmans (Canada) Ltd. (A) (RET.A-T)

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

clothing stores
James Rife

Head of Canadian Equities, Canalyst Financial Modeling Corp

Price: $4.720
Owned: Unknown

2016-04-20

TOP PICK
Reitmans (Canada) Ltd. (A) (RET.A-T)

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%.

clothing stores
Benj Gallander

President, Contra the Heard Investment Letter

Price: $4.410
Owned: Yes

2015-08-04

COMMENT
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Benj Gallander

President, Contra the Heard Investment Letter

Price: $5.740
Owned: Yes

2014-10-21

PAST TOP PICK
Reitmans (Canada) Ltd. (A) (RET.A-T)

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

clothing stores
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $6.490
Owned: No

2014-03-24

DON'T BUY
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $5.630
Owned: Unknown

2014-03-07

DON'T BUY
Reitmans (Canada) Ltd. (A) (RET.A-T)

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.

clothing stores
Michael Sprung

President, Sprung Investment Management

Price: $5.690
Owned: No

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