Q: Could you please suggest an approach by which to initiate building a
position in Reitmans common shares; which seem to be weakening
slightly over the last few sessions, following the big move up after
the refinancing. The stores have continued to look attractive throughout
the company's troubles and some attractive location repositioning has
taken place in my area. The merchandizing tools all seem to have been
sharpened for the new era, and Penningtons would seem to be a potential beneficiary of a larger (!) clientele coming out of the pandemic.
Thanks for any thoughts you can offer.
position in Reitmans common shares; which seem to be weakening
slightly over the last few sessions, following the big move up after
the refinancing. The stores have continued to look attractive throughout
the company's troubles and some attractive location repositioning has
taken place in my area. The merchandizing tools all seem to have been
sharpened for the new era, and Penningtons would seem to be a potential beneficiary of a larger (!) clientele coming out of the pandemic.
Thanks for any thoughts you can offer.