TLF Stock Analysis

Tandy Leather Factory Inc

Tandy Leather Factory, Inc. is a retailer and wholesale distributor of a line of leather and related products, including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also manufactures leather lacing and some of its do-it-yourself kits. It operates in three divisions: Wholesale Leathercraft, Retail Leathercraft and international leathercraft. As of March 1, 2012, the Retail Leathercraft segment consisted of 77 Tandy Leather retail stores of which 70 are located in the United States and seven are located in Canada. Both of these segments sell leather and leathercraft-related products. The International Leathercraft segment consists of all stores, wholesale or retail, located outside of North America. As of March 1, 2012, the Company had three such stores, one located in the United Kingdom, one located in Australia, and one located in Spain.