Danier Leather is a compelling buy
Let's look at some numbers shall we: Shares outstanding at end of quarter: 4,794,269 Cash: $32,307,000 or $6.738 /share Shareholder Equity: $57,379,000 or $11.968 /share The stock is currently trading at 8.20. The business is profitable. Last quarter the EPS was 0.48 diluted. Subtract the cash in the balance sheet and you have a stock that is ridiculously cheap. Surprised nobody else is noticing this one. Disclosure: I initiated a position at 6.50 and am currently still holding. This one has much more to climb. Glad to have this as a holding in my TFSA.