Leon's real estate could be large catalyst for the stockManagement (Leon family) have been talking about it since 2016 but so far, have not taken any action. Will 2020 finally be the year? In the meantime, you get a nice dividend (3%+) while you wait and the stock is cheap on fundamental valuation metrics (12x P/E).
I posted a short video that discusses key considerations for Leon's as an investment, including bull, base and bear case scenarios for the stock price.
https://www.youtube.com/watch?v=Lmi6UULkYcU&t=1s