As Reitmans (OTCPK:RTMAF) has seen declining same-store sales and reduced profitability, shares of the profitable retailer have been battered as of late, now down 50% from their year-ago levels. As a result, the company now trades for less than half of its sales, despite a strong net cash position representing one-third of the company's market cap. Furthermore, Reitmans is run by a management team with a strong track record that has implemented a number of initiatives to return margins to normal.
*Note that the company also trades in Canada under the much more liquid RET.A
Reitmans is a Canadian retailer of women's apparel, operating 900 stores under a number of banners including Reitmans, RW & Co,...
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