Added to YB: 2024-09-27
Pitch date: 2024-09-26
TLF [bullish]
Tandy Leather Factory, Inc.
-14%
current return
Author Info
Buggy Whip Bargains has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Opinions expressed here are not recommendations or advice. Do your own research. Sign up for the newsletter.
Company Info
Tandy Leather Factory, Inc., together with its subsidiaries, retails leather and leathercraft-related items in the United States, Canada, and Spain.
Market Cap
$23.8M
Pitch Price
$3.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.42
P/E
2.51
EV/Sales
0.49
Sector
Specialty Retail
Category
special_situation
Tandy Leather Factory - Cheap with a Catalyst
TLF: Potential sale of Fort Worth HQ (21,000 sqm) for est. $25M ($1,196/sqm), vs. $8-9M book value. Sale at $1,240/sqm would make EV negative. 2023: $76M sales, $4.4M op profit (5.8% margin). Sale success could trigger market revaluation of EV/EBIT for profitable market leader.
Read full article (2 min)