Viewing Company Leon's Furniture | StockChase
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Leon's Furniture Stock Symbol: LNF-T

Last Price Recorded: $17.6000 on 2017-07-28

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Date Signal Expert Opinion Price
2017-06-22 COMMENT Paul Harris, CFA

The big box furniture business has a huge competitive advantage. They took over the Brick a while ago which is slowly working out. The Cdn$ hurt them a little. Very good operators. Also, owns a lot of the properties they are situated on. Every so often, they build up cash and pay a special dividend.


Price:
$17.720
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2017-06-06 COMMENT Peter Hodson

Their merger with the Brick took a while to get the synergies out of it, but now it seems to be working pretty well. Valuation is cheap and it is a well-run company. However, there is now a psychological issue with it being a retailer. All the US retailers are getting decimated, and there is a bit of a valuation gapping down, and investors are just not paying what they used to pay for retailers, even if they are doing a good job. You are going to be fighting this for a period of time until something changes.


Price:
$17.200
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Unknown
2016-05-05 COMMENT Paul Harris, CFA

Still owns and still likes it. They own much of the real estate underneath a lot of their big box stores. He had valued the real estate at about $8-$10 a share, which effectively gives you the furniture business for free. A great story.


Price:
$15.400
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-01-22 COMMENT Michael Simpson, CFA

Acquired the Brick which he had not been particularly fond of. Hasn’t looked at the balance sheet lately, but this is on his radar list. Extremely well-managed, but in the context of the Canadian consumer, you want to be very careful as there are going to be patches of weakness in the West. As Canadian debt levels rise, he expects there will be less credit purchases and you may see some weaker spending.


Price:
$13.800
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
OPTIMISTIC
Owned:
Unknown
2015-03-31 PAST TOP PICK Paul Gardner, CFA

(A Top Pick Feb 11/14. Up 1%.) Took half his position down, because it got ahead of itself at around $18. A fantastic company in one of the worst businesses. Furniture is terrible, so you want the best in class. About 30% of their stores are in Alberta, so there is expectation that furniture sales will go down. There is a partial truth to that, but they are well diversified geographically. He would probably be a Buyer rather than a Seller at this point. It’s early days, but there will be integration and synergies coming from the Brick acquisition.


Price:
$14.610
Subject:
LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2015-01-29 PAST TOP PICK Paul Harris, CFA

(Top Pick Jan 20/14, Up 37.08%) Management owns a very large percentage of the stock.  LNF-T owns the properties under the stores.  He sold some off because it ran up so far and would buy it back on a dip.


Price:
$19.000
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
2015-01-20 PAST TOP PICK Paul Gardner, CFA

(A Top Pick Feb11/14. Up 31.75%.) Has held this for 11 years and it just keeps clicking away. Not well covered and a little expensive. With oil prices down there is more change in the consumer’s pocket, which could lead to higher furniture sales. They acquired the Brick and are finally getting some synergies out of it, which is probably going to drop to the bottom line. He thinks there is expansion at the EPS level. Also has valuation in the real estate they hold. It might have a little bit more room, but he would be really cautious at this level.


Price:
$19.160
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
UNKNOWN
Owned:
Yes
2014-12-31 PAST TOP PICK Paul Harris, CFA

(Top Pick Dec 27/13, Up 35.63%) They bought The Brick and now you are seeing benefits.  It is not a complicated story.  A great brand name and they continue to pay a good dividend yield as they continue to grow their business.  They own a lot of property under their stores and you get the business for free.


Price:
$17.900
Subject:
NORTH AMERICAN/GLOBAL
Bias:
Bullish on Canadian Equities
Owned:
Yes
2014-11-12 PAST TOP PICK Paul Gardner, CFA

(Top Pick Feb 11/14, Down 2.76%) Their earnings came out light so it didn’t pop.  This is the best company in a bad industry.  Thinks we see earnings released in the next week.  You are finally going to see the integration with The Brick and you will see the cost savings start.  They also have a bunch of real estate that some day they might sell off.  He still likes.


Price:
$14.230
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2014-09-10 PAST TOP PICK Paul Gardner, CFA

(Top Pick Aug 07’13, Up 23.75%)  He has held since day 1.  75% of the stock is owned by the Leons family.  Their transportation network will be a lot more efficient. Consistent earning.  It is one of the toughest businesses.  Their valuation is not too high.  They are going to get a lot of synergies out of their acquisition of the Brick.  They may spin out their real estate.


Price:
$15.050
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-14 PAST TOP PICK Paul Harris, CFA

(A Top Pick Aug 29/13. Up 22%.) A well-run organization. Furniture business is a tough business, but they are very good at it. They own a lot of the property that the Leon’s stores sit on. If you look at the value of those assets conservatively, it is somewhere between $8 and $10. There is not a huge amount of competition.


Price:
$14.950
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-06-17 COMMENT Ross Healy

Stock is trading right at technical resistance. Has some decent upside potential, probably to the $16-$18 range. Not particularly cheap in a historical point of view, nor is it expensive.


Price:
$14.400
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2014-05-29 PAST TOP PICK Paul Harris, CFA

(A Top Pick May 30/13. Up 16.67%.) Great Canadian franchise that continues to grow its business. The purchase of the Brick was an astute one. Also they own a lot of the property that their stores sit on.


Price:
$14.470
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-05-05 PAST TOP PICK Paul Gardner, CFA

(A Top Pick April 1/13. Up 19.39%.) Has always liked this operator. They bought out the Brick, which effectively doubled their revenue. Has good growth out West. Cheap relative to its sector.


Price:
$14.910
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2014-03-26 PAST TOP PICK Paul Harris, CFA

(A Top Pick March 28/13. Up 28.48%.) Thinks it is going to continue to do well. Great franchise and great brand-name in Canada. Owns a lot of their own property. It has probably $4-$6 of value in their property.


Price:
$15.510
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 44 entries
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