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Compiling comments that experts make about stocks while on public TV.

2012-10-30

Opinion for Leon's Furniture (LNF-T)

Signal Price Bias Subject Owned
$11.500 OPTIMISTIC GLOBAL Yes

Great company. Great brand-name in Canada. No debt and trades at about 15X earnings. 3.5% yield. Have $1 a share in cash. Own all the property that their stores are on and the value of it is about $5-$6 a share. Your basically getting the furniture business for free.

Paul Harris, CFA
Portfolio Manager and Partner, Avenue Investment Management

2 Comments

Sue

November 1st 2012 at 6:23pm

It is a good company. If you are prepared to wait, and think that economy will improve, this is a good one. Last couple of years stock price has not done much (2004 $13). Today it is $11.53. Personally would like to see it under $10 before I buy. Dividend of 3.4% quarterly.

Disclosure: I do not as of writing this, own this stock.

Sue

November 1st 2012 at 6:26pm

Sorry typo : meant to say 2007 $13 per share.

Can't see a way to edit original post


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