Tandy Leather Factory Inc TLF

Consumer Cyclical

Tandy Leather Factory, Inc. is a specialty retailer of leather and leathercraft-related items. The Company's product line includes leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also offers production services to its business customers such as cutting (clicking) and splitting and some assembly. It distributes product under the Tandy Leather, Eco-Flo, Craftool, CraftoolPro and Dr. Jackson's brands, along with its premium TandyPro line of products. It operates a production facility in Fort Worth, Texas. The Company sells its products through Company-owned stores and through orders generated from its global websites, and through direct account representatives in its commercial division. The Company distributes its products through its approximately 101 North American stores located in 40 states in the United States and six Canadian provinces, and one store located in Spain.

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Tandy Leather Factory Inc > News!!! TLF sells Shares for $5.5 million

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Comment by TheRock17on Mar 23, 2007 7:42am

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Post# 12474727

RE: News!!! TLF sells Shares for $5.5 million

In their asset base, they have recorded $1.1 million under " other" assets. I assume that this is these equities/assets that were sold. If so, the net asset value ( total assets less total liabilities ) has increased to about $16.5 million or about $0.85/share. A takeover would not occur below this level, and likly significantly higher, given the annual revenues of about $45 million.

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