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Leon's Furniture Stock Symbol: LNF-T

Last Price Recorded: 15.8600 on 2014-04-19 01:14:11

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Date Signal Expert Opinion Price
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
2014-02-27 PAST TOP PICK Paul Harris, CFA

(Top Pick Feb 28/13, Up 30.72%) Acquired The Brick for a larger presence in Western Canada.  Own a lot of the properties, whose value accounts for the full price of the stock, and it is like you get the business for free.


Price:
$15.270
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-02-11 TOP PICK Paul Gardner, CFA

(A Top Pick Jan 21/13. Up 9.07%.) Taking over the Brick was a transformation acquisition. Allows them to become bigger for low cost. Earnings are going to grow from $.80 to $1.20. Trades at 15X earnings and the earnings are going to go up. This does not include the synergies that are going to come with the amalgamation. 70% is owned by the Leon’s family that has been in the business for 100 years. A conservative balance sheet. Also, owns all the property under the stores that they own. Very cheap. Probably worth 20%-30% over the next year or 2.


Price:
$14.890
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2014-01-20 TOP PICK Paul Harris, CFA

Great brand in Canada. Just bought the Brick a little while ago. Thinks there is a lot of opportunities for some synergies and cost savings that are going to go through with the Brick. Great dividend yield. A lot of the properties they are on, they own, so doing a conservative valuation of the properties, it is probably $6-$8 in value. Yield of 2.81%.


Price:
$14.270
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-27 TOP PICK Paul Harris, CFA

Missed their numbers a little so stock has not performed very well in the last little while. Trades at about 12X earnings with a reasonable yield of 2.95%. Their acquisition of Brick will show benefits over the next couple of years. Of their share price, $6 of it is their property, which is very, very cheap. There is not that many US companies that will compete with them. Cars have done reasonably well over the last little while so when that slows down, the furniture business will start to do well.


Price:
$13.550
Subject:
GLOBAL & NORTH AMERICAN LARGE
Bias:
BULLISH
Owned:
Yes
2013-10-03 PAST TOP PICK Paul Harris, CFA

(A Top Pick October 30/12. 16.23%.) A great Canadian brand name. The purchase of Bricks will really benefit them in the long run. They own lots of property, so you are not paying a lot for the furniture business. Their property is worth at least $5 a share.


Price:
$12.950
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BULLISH
Owned:
Yes
2013-09-18 BUY Jerome Hass

Was a glitch with respect to competition regarding Brick, which they acquired.  A fine business. 


Price:
$13.120
Subject:
CANADIAN MIDCAP
Bias:
UNKNOWN
Owned:
No
2013-08-29 TOP PICK Paul Harris, CFA

Trades at a very low multiple. Its purchase of Brick was a good acquisition. This gives them a lot of synergies. Also, have about $5 a share in the properties they own. 3.2% dividend yield and they pay special dividends on occasion.


Price:
$12.610
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2013-08-07 TOP PICK Paul Gardner, CFA

Thinks they have made a transition by acquiring the Brick. They are going to keep both names in place and he expects it will be great synergies coming out of the supply chain. Will have purchasing power. Most furniture companies trade at 15-17 times and this one is trading at only 10 times. Yield of 3.18%. Should be worth $17-$18 over the next year.


Price:
$12.700
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
CAUTIOUS
Owned:
Yes
2013-07-16 DON'T BUY Jerome Hass

Competition Bureau’s concerns will weigh heavily on the stock for some time. Feels this is expensive relative to other plays. (See Top Picks.)


Price:
$11.750
Subject:
CANADIAN MID - LARGE CAP
Bias:
OPTIMISTIC
Owned:
No
2013-05-30 TOP PICK Paul Harris, CFA

Big box Canadian furniture company. Recently acquired Brick which was a good acquisition. Nice dividend yield of 3.13%. Occasionally pays a special dividend. Own a lot of the properties that their stores are located on. Family owns a lot of the stock.


Price:
$12.770
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-25 PAST TOP PICK Paul Harris, CFA

(Top Pick Apr 17/12, Up 11.28%)  Tightly held and owns Brick now.  It’s a cheap stock at these levels.  Nice yield.  They own a lot of the properties they sit on.  They know how to run the furniture business.


Price:
$13.030
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
SELECTIVE
Owned:
Yes
2013-04-01 TOP PICK Paul Gardner, CFA

Bought the over levered Brick that was in the penalty box.  LNF had no debt.  Earnings are going to increase.  The big concern in the market is Canadian housing, but he thinks it is all about employment, which is increasing in Canada.  He would not expect it to go down as much in a correction.


Price:
$12.850
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
SELECTIVE
Owned:
Yes
2013-03-28 TOP PICK Paul Harris, CFA

Just acquired Brick Furniture at the right time. It had no debt but has a little now. Not covered by the street very much but it continues to grow. Family owned and they are concerned about shareholder value. Own a lot of their properties that their businesses sit on. Calculated BV was $5-$8 and the stock is around $12, so you still have a very good opportunity for them to do very well over the next little while. Nice yield.


Price:
$12.300
Subject:
GLOBAL
Bias:
BULLISH
Owned:
Yes
2013-02-28 TOP PICK Paul Harris, CFA

3.5% yield – they just bought The Brick.  Own a lot of the properties under their stores.  It is a great opportunity with The Brick purchase.  It gives them a lot of assets in Western Canada. 


Price:
$12.030
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BULLISH
Owned:
Yes
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