Leon's Furniture | StockChase
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Leon's Furniture (LNF-T)

Last Price Recorded: $18.5700 on 2017-11-17

ON STOCKCHASE SINCE Apr 2002

specialty stores

Leon's Furniture


Signal Opinion Expert

2017-10-31

PARTIAL BUY
Leon's Furniture (LNF-T)

Somebody bought this at the old high of 2015 want their money back. You have to get through those guys. Not everybody is going to sell, but there is a certain amount of selling pressure in and around the old high. It is probably trying to break through that old level. He would probably approach this somewhat optimistically, but wouldn't throw his full allotment into it. There is still a chance that the break out won't last. You need another week or 2.

specialty stores
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $19.570
Owned: Unknown

2017-08-03

TOP PICK
Leon's Furniture (LNF-T)

They are in retai,l but will not be displaced by AMZN-Q because you have to go sit on the couch, etc.  They have a tremendous amount of miss-valued real estate that they might someday spin out.  You are now starting to see synergies from The Brick.  (Analysts’ target: $19.00).

specialty stores
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $18.070
Owned: Yes

2017-06-22

COMMENT
Leon's Furniture (LNF-T)

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.

specialty stores
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $17.720
Owned: Yes

2017-06-06

COMMENT
Leon's Furniture (LNF-T)

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.

specialty stores
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $17.200
Owned: Unknown

2016-05-05

COMMENT
Leon's Furniture (LNF-T)

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.

specialty stores
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $15.400
Owned: Yes

2016-01-22

COMMENT
Leon's Furniture (LNF-T)

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.

specialty stores
Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $13.800
Owned: Unknown

2015-03-31

PAST TOP PICK
Leon's Furniture (LNF-T)

(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.

specialty stores
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $14.610
Owned: Yes

2015-01-29

PAST TOP PICK
Leon's Furniture (LNF-T)

(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.

specialty stores
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $19.000
Owned: No

2015-01-20

PAST TOP PICK
Leon's Furniture (LNF-T)

(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.

specialty stores
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $19.160
Owned: Yes

2014-12-31

PAST TOP PICK
Leon's Furniture (LNF-T)

(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.

specialty stores
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $17.900
Owned: Yes

2014-11-12

PAST TOP PICK
Leon's Furniture (LNF-T)

(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.

specialty stores
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $14.230
Owned: Yes

2014-09-10

PAST TOP PICK
Leon's Furniture (LNF-T)

(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.

specialty stores
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $15.050
Owned: Yes

2014-08-14

PAST TOP PICK
Leon's Furniture (LNF-T)

(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.

specialty stores
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $14.950
Owned: Yes

2014-06-17

COMMENT
Leon's Furniture (LNF-T)

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.

specialty stores
Ross Healy

Chairman, Strategic Analysis Corp

Price: $14.400
Owned: Unknown

2014-05-29

PAST TOP PICK
Leon's Furniture (LNF-T)

(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.

specialty stores
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $14.470
Owned: Yes

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