Canadian furniture and electronics retailer Leons (LNF) has raised it's dividend by 29% to $0.09 per share. The raise came on a nice earnings announcement where Leon's beat expectations quite handily growing their earnings per share 42% from last year.
US Lawn & Garden manufacturer Scotts Miracle Gro (SMG) doubled it's dividend on the back of a very solid earnings report. Scotts reported an earnings increase of 12.5% versus the same quarter last year. This news beat expectations and propelled the share price higher.
Owning both stocks, I've been having good luck with dividends lately...
7 comments:
Great work - you're on a roll!
Now if you and I can only get SLF turned around! Do you think it's unnecessarily getting beaten up b/c of MFC? "Guilty by association"?
What gives Leon's a competive edge? What is their market share? To me this space is very crowded with Sears, The Bay, Brick, Ikea, Mom + Pop Stores, etcetera, etcetera. It seems like everyone competes on price.
Curious to know more about your investment thesis on Leon's.
@FC - It is a tough time for the Lifecos but I think SLF will turn around over the next few years.
&Think - Leon's is the go to name for furniture in Ontario. They are very well loated and carry better quality than the Brick. They are also well managed. I would argue that they fill a niche in Ontario being the leader in this area of mid end goods.
Thanks MG
I noticed in Toronto that they even have a few stores that cater to the condo market by selling smaller furniture. Next time you are in Toronto check out the Leon's location at the roundhouse. It is right next to the Steamwhistle brewery where you can get some free samples.
Cheers
Thanks for the post, great info as always.
Are you still alive?
are you still alive?
Post a Comment