Danier Leather is a compelling buy

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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.

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