Winmark Corp. (WINA)

I’ve recently been looking at a fairly small company called Winmark Corp. (WINA). I’m not recommending it but it’s an interesting company to put on your radar screen.

The company franchises five different types of retail stores: Style Encore, Plato’s Closet, Once Upon a Child, Play It Again Sports and Music Go Round.

While the five stores are different, they share a common theme: they buy and sell slightly-used merchandise. Winmark also provides leasing for its business partners.

Because of the company’s unusual structure, they do about $70 million in sales despite having about 100 full-time employees.

From 2000 to 2016, Winmark was led by John Morgan, who turned the ship around. It’s difficult to describe this company. I suppose it’s like what eBay would be if they had stores.

Here’s a chart since 2009:

Posted by on January 23rd, 2017 at 1:56 pm


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