Reitmans (Canada)

The company's net sales rose by 7.2% in Q1 FY24, but it seems that the company is losing market share. In addition, adjusted EBITDA went into the red as rent levels and salary expenses increased. In my view, EBITDA for FY24 could be negative and there are no catalysts on the horizon for the share price. » Mehr auf seekingalpha.com

Reitmans (TSX:RET) shares slid 25% to $3.20 on Friday after the women's specialty apparel retailer announced that its fiscal 2023 net earnings from continuing operations fell to $77.7 million from $143.2 million last year, which the company attributed primarily to factors such as an increase in overall operating costs as well as lower restructuring recoveries. Reitmans (TSX:RET) did, however, see its net sales for the period increase by 20.9% year over year to $800.6 million, while its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year rose to $57.0 million from $38.6 million during fiscal 2022. » Mehr auf proactiveinvestors.com

Investment Property Stocks are those that I am not looking to hold long term but are available at a significant discount to intrinsic value. Currently, I find Nuvei, Alibaba and Reitmans belong in this category. » Mehr auf seekingalpha.com