Tandy Leather Factory, Inc a retailer and wholesale distributor of leather and related products, saw 10% owner Bandera Partners LLC purchase $809,320 worth of stock at prices between $3.90 and $4.50 per share on May 14, 2010. The purchases represented an 18% increase in their holdings of the company’s stock.
The purchase came shortly after the leather retailer reported a 36% jump in its net income for the first quarter of this year. The company attributed the results to 15% revenue growth in its leather craft division and 5% growth in its wholesale division, compared to the same quarter in 2009. Looking ahead, the company plans to continue growth while keeping expenses under control.
The purchase came shortly after the leather retailer reported a 36% jump in its net income for the first quarter of this year. The company attributed the results to 15% revenue growth in its leather craft division and 5% growth in its wholesale division, compared to the same quarter in 2009. Looking ahead, the company plans to continue growth while keeping expenses under control.
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