Fairfax Announces Acquisition of Shares of Reitmans

[sigis]

I looked at them 2 years ago when they seem to be very cheap on paper but didn't like their declining cash-flow. Things got much worse since then, so it really seems the stock is cheap for a good reason, hard to see where FFH sees value here.

[beerbaron]

I looked at them 2 years ago when they seem to be very cheap on paper but didn't like their declining cash-flow. Things got much worse since then, so it really seems the stock is cheap for a good reason, hard to see where FFH sees value here.

I looked at them 2 years ago too and I found them really expensive... at the current price tough it's not a bad deal.

BeerBaron

[KFRCanuk]

The clothing retailer to older ladies, heavier women, and toddlers. 

There are lots of grannies and big girls out there.

[ourkid8]

https://www.fairfax.ca/news/press-releases/press-release-details/2019/Fairfax-Sells-Its-Position-in-Reitmans/default.aspx

They are tendering their stock at $3/share...

[petec]

Good. Nice to see some evidence (if that’s what this is) of the portfolio review that seems to be going in, and some limited evidence that they’re willing to look failure in the eye and cut losers.