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Tandy Leather Factory, Inc. Message Board

  • pezaguy pezaguy May 12, 2011 5:00 PM Flag

    TLF should be sold

    We all need to face the reality that this company has not been a good investment. Just look at its long term chart. The company needs to shop itself around and let a larger company take it over. Preferably a retail one that can piggyback TLF's products into its stores. Something like Pier One, etc.

    Another alternative is for the management to take it private. I'm not bashing the company - I'm a long time stockholder. But the fact is that there doesn't seem any way to grow the company and therefore the stock price.

    Just my humble opinion.

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    • special dividend soon.

    • As a long term investor, can you answer the question I posed about buying through the internet?

      Their national account sales are not doing well, so I don't know about placing products in a retail chain not devoted to leather goods.

      • 1 Reply to algo41
      • No, I can't answer that question. As to the idea that the company should sell itself, that's just one thing they could do.

        By selling TLF to a PIR, JoAnns, or Michaels, TLF could keep their retail locations for their existing customers and maybe pick up extra sales to casual hobbyists.

        Or, if the finances can support it, TLF can begin buying back shares on a regular basis to increase shareholder value. Or maybe they should go private. Anything to break this stock out of its rut.

        Then again, if management is happy maybe nothing will be done. At least TLF provides good jobs for the employees and this company may be one of those stocks that will always trade below $10.

        I'm not sure how long I'll keep holding TLF. The company intrigues me, but at some point I'll probably start selling out; probably over a period on a year or two since I have a good amount of shares.

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