Savvy Trades and Investments

[gilead23]

RTMAF/RTMNF blowout quarter

Unless I missed something they earned a clean .76/share Canadian for Q2. In my wildest fantasies which included several college cheerleaders and a tub of butter there was no way I figured them for that much.

They also have about 75 cents a share cash on the balance sheet, valuable real estate worth at least 2 dollars a share far over book value, and now no debt.

Official book value is hovering around 4 bucks.

And all that for 1.25 a share CDN and a buck US. Even for a retailer that’s insane. They earned more than half their market cap this quarter, and I believe their normalized TTM PE is now less than 1.

I’m hoping they reinstate the dividend. They certainly have the money for it.

https://stockhouse.com/news/press-releases/2022/09/22/reitmans-canada-limited-reports-second-quarter-fiscal-2023-financial-results