SOURCE: Knobias, Inc.

October 09, 2006 10:30 ET

Leather Retailer 'Boot-Strapping' Expansion and Growth

RIDGELAND, MS -- (MARKET WIRE) -- October 9, 2006 -- Leather and leather-product retailer, Tandy Leather Factory, Inc. (AMEX: TLF), has been chosen for this week's "SPOT Feature" in the Knobias Small-Cap ClipReport. Each week, Knobias scours the small-cap universe to find overlooked companies with sound fundamentals and one or more growth catalyst on the horizon. The weekly "SPOT" feature may be accessed via our daily ClipReport newsletter (free to all subscribers). To receive the Small-Cap ClipReport daily, please visit:

Leather Retailer 'Boot-Strapping' Expansion and Growth

Tandy Leather Factory, Inc. (AMEX: TLF) is a specialty retail and wholesale distributor of leather and related products including leatherworking tools, belt buckles and adornments, dyes and finishes, saddle and tack hardware, and do-it-yourself kits. TLF serves hobbyists, wholesale businesses, professional leather workers, manufacturers, institutions and youth organizations through a distribution network consisting of 29 "Leather Factory" wholesale outlets and 62 "Tandy Leather" retail stores.

The BULLS Say...

Can Leather Be Exciting? Leather may excite some, but most readers will probably say, "What the heck?" But, take a look at TLF. This very specialty retailer has a loyal, traditional and old-fashioned base, and is expanding with accelerating growth...without chasing fads. As a part of a "retail re-focus" in 2001, TLF has methodically grown from 1 to 62 retail outlets with plans to continue adding 12 stores a year towards the goal of 100-120 before emphasizing its international markets. The retail move is paying off with impressively improving margins, double-digit revenue growth and stellar profitability (considering it's leather). TLF recently reiterated its FY-06 guidance and is now setup for an "on-pace" Q3 and a record Q4 holiday season.

The BEARS Say...

Sequential Results and Revised Guidance. Recent monthly sales figures indicate $12.6M in total Q3-06 revenues. If this is the case, it would represent a near -6% decline sequentially and only a +7% gain Y/Y. This, plus any negative guidance revision in the Q3 release, is sure to lead to a sell-off.

About the Small-Cap ClipReport

Most small-cap newsletters just tout stocks. Instead, the ClipReport provides a comprehensive, journalistic view of each day's small-cap action. This nightly, 10-page PDF email consolidates actionable information and analysis covering the world of stocks below a $500 million marketcap threshold. Starting with "Page One," Knobias breaks down one of the week's most interesting topics in the small-cap universe. The remaining 9 pages provide users with each day's top stories, news movers, strong closers, after-hours events, earnings, corporate actions, PIPE deals, Reg SHO stocks and symbol/name changes. The ClipReport is a daily "must-read" for every small- and micro-cap investor.

About the Weekly SPOT

Each week, Knobias scours the small-cap universe to find overlooked companies with sound fundamentals and one or more growth catalyst on the horizon. This search typically features a small-cap stock exhibiting strong growth while undervalued relative to public peers. SPOT selections tend to be "under-priced" due to lack of coverage or a failure for the marketplace to fully understand "the story." SPOT companies must meet the same basic criteria as our Small-Cap ClipReport, i.e. under $500M marketcap...banks, ETFs, funds and utilities are excluded. Furthermore, SPOT selections must be fundamentally sound with growth, profitability (or near) and clear prospects for price appreciation. Knobias is never compensated for SPOT selections, and NO position will be held in SPOT stocks by Knobias, its management or staff while the stock is being highlighted.

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About Knobias, Inc.

Knobias, Inc. (OTCBB: KNBS), pronounced "no-b-s," provides a wide range of financial information solutions for all sides of the U.S. stock market. Knobias combines proprietary content & technology into efficient platforms for the consolidation, distribution & targeted presentation of investment decision information for customers & affiliates. Knobias platforms provide news, filings, fundamentals, transaction databases, calendars, research, tools & analysis for all U.S. equities with a special emphasis on small-caps. Knobias customers include retail investors, day-traders, buy-side & sell-side professionals, public issuers, financial websites & financial content providers. For more information about Knobias, Inc. products, please visit


To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Knobias assumes no obligation to update any of the forward-looking statements in this release.

Contact Information

  • Company Contacts:

    Key Ramsey
    Knobias, Inc.

    Marla Breland
    Knobias, Inc.
    601-978-3399 ext 155