The Investment Reporter, in its Dec. 12, 2014, issue, says hold Reitmans (Canada) Ltd., recently $5.94, if you have it. The Reporter said buy 12 times from May 20, 2004, to April 20, 2012, at prices ranging from $9.90 to $25.50 (the stock split 2 for 1 in April, 2005). It then said sell on April 26, 2013, at $8.70. Assuming a $1,000 investment for each of the 12 buys, selling the $12,000 position at $8.70 yielded a loss of $5,248. Over the next 12 to 18 months, the women's clothing retailer will convert 76 of its 107 Smart Set stores to other company banners. It will close the other 31. The Smart Set stores generated $96-million of sales in the year ended Feb. 1, 2014, accounting for about 10 per cent of total sales. Reitmans says the closure of Smart Set will improve profitability, and cost it only $2.2-million in non-cash write-offs. In fiscal 2016 (which starts in February), Reitmans' earnings will likely rebound to 23 cents a share. The company has no net debt and trades below its book value of $6.44 a share. It pays a 20-cent dividend for a yield of 3.4 per cent. Hold for a long-term price recovery and attractive dividends.