Q: Any thoughts on what is going on with Leons the past few days? With the retail landscape seemingly taking a hit the last while with recession concerns, is this stock in for a fall?
Appreciate your insight.
Paul F.
Appreciate your insight.
Paul F.
5i Research Answer:
LNF hit a new high yesterday as it discussed plans to form a REIT to bring out value from its real estate holdings. This value creation move we think more than offsets recession risks right now. At only 8X earnings, the stock already also reflects at least some economic risk.