Professional
Added to YB: 2024-07-30
Pitch date: 2024-07-29
LNF.TO [bullish]
Leon's Furniture Limited
+17.31%
current return
Author Info
Founder of Smoak Capital who shares analysis on stocks on Twitter and in his fund letter. Follow on Twitter.
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 24.57
Price Target
60.00 (+108%)
Dividend
N/A
EV/EBITDA
6.03
P/E
10.77
EV/Sales
0.73
Sector
Specialty Retail
Category
special_situation
Smoak Capital new position: Leon's Furniture
LNF.TO: Leading Canadian furniture retailer at 11x 2024e earnings. Plans REIT spinoff of $1B+ real estate (5.6M sqft) held at cost. 40-acre Toronto development potential $400M-$1B value. New CEO from Canadian Tire likely hired to unlock RE value. $40-$60/share potential (65-150% upside). Protected downside: no debt, 3 value sources.
Read full article (3 min)