Added to YB: 2024-08-15
Pitch date: 2024-08-14
LNF.TO [bullish]
Leon's Furniture Limited
+14.82%
current return
Author Info
Waterboy Stocks is a value investor sharing stock pitches on their blog. Sign up for the newsletter.
Company Info
Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada.
Market Cap
CAD 1.7B
Pitch Price
CAD 25.98
Price Target
N/A
Dividend
N/A
Sector
Specialty Retail
Category
special_situation
Leon's Furniture Limited - $LNF.TO
LNF.TO: Canadian furniture retailer with 300 stores, 5.6M sq ft RE portfolio + 40 acres in Toronto. REIT spin-off planned, potentially worth $1B+. New CEO from Canadian Tire REIT. 11% FCF yield, 18% 5yr ROE. $1.3B mkt cap excludes RE value. 68% family-owned. 8.8% 10yr EPS CAGR. Spin-off likely this year, 4000-unit development planned. Upside even without spin-off.
Read full article (2 min)