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Leon's Furniture Ltd T.LNF

Alternate Symbol(s):  LEFUF

Leon's Furniture Limited is a Canada-based retailer of furniture, appliances and electronics. The Company's retail banners include Leon’s, The Brick, Brick Outlet and The Brick Mattress Store. The Brick’s Midnorthern Appliance banner alongside with the Company’s Appliance Canada banner, retailer of appliances to builders, developers, hotels and property management companies. The Company has 304 retail stores from coast to coast in Canada under various banners. The Company’s repair service division, Trans Global Services (TGS), provides household furniture, electronics and appliance repair services to its customers. TGS has contracts to support several manufacturer’s warranty service work in addition to servicing a number of individual programs offered by other dealers. Its wholly owned subsidiaries include Trans Global Insurance Company and Trans Global Life Insurance Company also offer credit insurance on the customer’s outstanding financing balances and third-party customer balances.


TSX:LNF - Post by User

Comment by Lawyerupon Sep 13, 2021 5:33pm
96 Views
Post# 33852808

RE:Repurchase Programme for Common Shares

RE:Repurchase Programme for Common SharesGood news for shareholders.  I view LNF as very undervalued at this point its firing on all cylinders, great balance sheet, well managed, record profits, special dividend etc.  Not much not to like here yet not a lot of shareholder interest.  Its funny how shareholders chase the latest flash in the pan stocks but have little interest in solid plays like LNF.  Buying back up to 5% of the float is a big sign that management also feel the stock is undervalued at these levels.  All the best, Charlie.
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