Savvy Trades and Investments

[gilead23]

RTMAF and RTMNF statistics Canada show very strong retail numbers for clothing in January (the last month of reitmans q4).

January was almost as strong as December and up about 65% over last year. Those are really nice tailwinds so it’s up to them to F it up.

I figure them for between .30 and .60 a share in q4 assuming recent margins hold up reasonably well. That would put their trailing 12 month pe in the 1.2 to 1.7 range. I know it’s retail, but a pe of 3 or 4 doesn’t seem expensive and would be a hell of a gain from here.

https://www150.statcan.gc.ca/n1/daily-quotidien/220318/t002a-eng.htm