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toncatmad

03/10/20 10:22 AM

#131614 RE: gimmee greenbacks #131613

Yes 58% of Rotmans is owned but 42% still belongs to the other brother. I will also point out that Rotmans is in the red and is leveraged pretty good as well. Yes VYST is part owner of Rotmans but Rotmans doesn’t make any money either. Now the next financials should show that as well I believe.
It would also take nothing for Rotmans to be taken back private if they so chose.

wbeat3

03/10/20 10:25 AM

#131616 RE: gimmee greenbacks #131613

Rotman's furniture is losing money and on its way to going out of business. The financials don't lie.

How much do you think a dying retailer is actually worth? The only thing to sell is inventory, because the goodwill is gone.

Finsman99

03/10/20 11:23 AM

#131618 RE: gimmee greenbacks #131613

That’s great! Yes hanging tough is difficult. I start to sell everything but always stop myself.

I was Desert Storm AMMO