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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 in Canada. The Company operates in two segments: Leon’s and The Brick, which operates in the business of the sale of home furnishings, mattresses, appliances and electronics in Canada. Its retail banners include Leon’s, The Brick, Brick Outlet and The Brick Mattress Store. It operates six e-commerce sites: leons.ca, thebrick.com, furniture.ca, midnorthern.com, transglobalservices.com and applicancecanada.com. The Company’s repair service division, Trans Global Services (TGS), provides household furniture, electronics and appliance repair services to its customers. This division also performs work for products sold with extended warranties and is an integral part of the retail offering. Its wholly owned subsidiaries, Trans Global Insurance Company and Trans Global Life Insurance Company, offer credit insurance on the customer’s outstanding financing balances and third-party customer balances.


TSX:LNF - Post by User

Bullboard Posts
Post by OstrichINVon Jan 10, 2020 2:29pm
193 Views
Post# 30539853

Leon's real estate could be large catalyst for the stock

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



Bullboard Posts