Savvy Trades and Investments

[gilead23]

RTMAF/RTMNF solid quarter

EPS of .30 in a tough retail environment
About 1.30 in cash, no debt and book value of about 4.25 trading at $2 (all CDN).

Retail, but given some very valuable real estate that is worth a lot more than book, and that cash hoard I feel like a PE of 3 would be fair. Under 2 is a bit cheap.

I’m hoping the growing cash and another strong report generate something positive even in this environment. I’ve seen grosser retailers trade for a lot more.

https://stockhouse.com/news/press-releases/2022/12/15/reitmans-canada-limited-reports-third-quarter-fiscal-2023-financial-results