Tandy Leather

Market Cap ~ 80M (Price $7.87)

A whole-seller of leather (derived products) with over 100 stores worldwide.

Management has big shareholding (~ 33.63%). They have been able to the grow the business moderately 5% revenue in the last 10 years and 7% income. So, this checks out.

The company probably has some moat in terms of locations/quality/variety of products they sell. Unfortunately, this does not seem very sustainable to me. This goes into the “Too Hard Pile”.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s