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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 Torontojayon Apr 28, 2022 7:17am
381 Views
Post# 34638019

RE:Stores are Dead

RE:Stores are Dead

Sure, if there is a recession this company will suffer along with the rest of retail. The last time I checked, this company had a 17% free cash flow yield which is pretty attractive. 

If you had to select some companies for your rrsp, this one would certainly fit the bill. 

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