Michael SprungDanier LeatherDL.TOTOP PICKFeb 11, 2002

Fairly well run smaller retail company. Has the leverage of costs being in US$and revenue in Cdn$. Has some margin issues. Would prefer larger retail, such as Canadian Tire, Rona or Forzani group.

(Was a top pick on Jan 17 up 23%) Still likes.

This stock is cyclical with the weather. Has a good brand name.

Very inexpensive. Expanding well. A takeover candidate.