First, it was, What do they do? Then as I got more sophisticated, it was How they do really make money? To break things down in that fashion is the key to good investing. Giants such as Etsy (ETSY) or eBay (EBAY) and pure plays such as thredUp are aggressively growing in this space. John L Morgan is Former Chairman at Winmark Corp. See John L Morgan's compensation, career history, education, & memberships. He not only earns money, but he also donates money as well. Their combined net worth is, according to Nashville Post estimates, $6.4 billion. Total Enterprise Value to Total Revenue (ttm). [7][8] Winmark Corporation is based in Minneapolis, Minnesota. [6] In 1995, a significant number of the company's franchises were on Entrepreneur's annual "Franchise 500" list. November 14, 2018 Leadership, October 2018. Yes. Winmark enjoys a 5yr EPS CAGR of 11.5% and 10yr EPS CAGR of 16.6%. Post author: Post published: December 1, 2021 Post category: endless weekend bath and body works Post comments: coursera financial aid time limit coursera financial aid time limit Morgan, 72, stands out in the Twin Cities business community because hes had two big breakthroughs. Winmark doesn't have to pay for inventory and turn it over. He points out that he has received only one stock option grant during his 13-year run as a CEOan initial grant of 600,000 options at $5. If I think its a good investment, I buy it. Occupation: Founder and chairman, Li-Ning Company, Ltd. Age: 47 Location: Beijing Net Worth: $620 million Billions of people were enthralled as Li Ningthe final torchbearer at the 2008 Beijing. Morgan rescued Winmark from the verge of bankruptcy by selling financially failing franchise concepts and stores and replacing the management team. Second, I do like horse races. The 2002 Rich List focuses on the 10 wealthiest people in Middle Tennessee. Look at the track record. Hes a straight talker. They even made money in their first year: $390,000 in 1982. What is actually behind this business? Winmark sold or closed all its It's About Games stores in 1999 to reduce losses. It works. Analysts are expecting the company to book a profit of $1.22 a share, up from $1.11 a year ago.Analysts are projecting earnings of $2.79 per share for the fiscal year. The Leasing segment includes Winmark Capital Corp. and Wirth Business Credit, Inc. Winmark Capital serves large and medium-sized businesses and focuses on technology-based assets. People who go to garage sales and are looking for really good bargains. [21] Style Encore immediately pays cash to people looking to sell used women's attire, footwear, handbags, and jewelry. It was going to be my way or the highway. [2] Olson had been the president of R.J. Brandon Galleries and Dahlberg had been the chief executive officer of his father Kenneth H. Dahlberg's company, Dahlberg Inc. (now Miracle-Ear). Additionally, while resale retail itself is somewhat recession resistant - people who find themselves cash strapped in a recession look to buy cheaper stuff - the off the top royalty streams Winmark collects from its franchises is a further step removed from an economic shock. a franchisor, Winmark is the owner of a brand along with a set of standards and an operating system by which franchisees are to conduct a retail business. [11] In June 2000, Winmark sold its corporate headquarters building to Koch Trucking. They didnt know the truth.. I just don't think the results will be particularly impressive. In 2000, John Morgan replaced Dahlberg as CEO and renamed the company to Winmark in 2001. [2][4] The company was listed on NASDAQ as GBIZ;[5] it is now listed on NASDAQ as WINA. Winmark WINA Minneapolis, Minnesota $279.34 -1.75 (-0.62%) Share Price as of February 3 4:00:00 PM EST About Winmark Winmark Corp. franchises retail brands that buy, sell, trade and consign. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. We told him our story. In 2000, John Morgan replaced Dahlberg as CEO and renamed the company to Winmark in 2001. [22], Despite Winmark's specializing in used goods, its stores sell new goods too. [12] The company had lost $350,700 in 2000; in 2001, it had a net income of $3.2 million. [24] In 2013, Winmark had over 1,000 franchised storesnone of which it ownedthat in total had sales of over $900 million. The current estimated net worth of Winmark Corp's Executive Chairman, John L Morgan, is estimated to be about $19.69M . Winmark also enjoys a well aligned insider team, with insiders holding about 18% of shares outstanding. I think Canterbury has a huge margin of safety. E-MAIL. A deal should have a margin of safety. John L Morgan owns about 907,186 units of Winmark Corp common. But Rapid Growth Has Come with its Share of Problems for the Golden Valley Firm", "Trio of Used-Product Franchises Flourish in the Metro-East", "Used merchandise a hit for Winmark Income for the Minneapolis owner of such franchise-based businesses as Music Go Round and Play It Again Sports is growing during recession", "Previously Played and Profitable. After he Hosted to media press conferences in Charlotte NC in September of 2013 he disappeared. [25] The first Once Upon a Child store was opened in 1985 in Perrysburg, Ohio, by Dennis and Lynn Blum in 1985 after they observed Goodwill Industries accepting and selling used baby attire. A John Bryan Morgan (born March 31, 1956), with a net worth of $110 million, is an American lawyer and businessman. Winmark Corp. franchises retail brands that buy, sell, trade and consign used and new merchandise. Early on, a group of them called me down to Chicago. The company operates its business through two segments: Franchising and Leasing. . Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. Winmark was founded in 1988 and is headquartered in Minneapolis, MN. A story in wide circulation recounts the live auction at a Girls Inc. benefit in late 1999. [43] Roughly 65% of ReTool's goods were purchased from people, while the remainder was purchased from factories that produced too many tools or from closing businesses. During the late 1990s, Sonja Morgan met John Adams Morgan while working as a hostess. John Morgan, president and sixth-generation owner of Kualoa Ranch, on sustaining a more than 150-year-old cattle ranch, private nature reserve and family legacy . The famous American lawyer and medical marijuana advocate, John Morgan, has an estimated Net worth of $730 million. Yet, recalls Morgan: I wanted out of there. Use Forbes logos and quotes in your marketing. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. He was 69. Growing up in a modest neighborhood in Omaha, Morgan is known for being smart and straightforward. Winmark also owned but subsequently sold four franchise-based retailed companies: Computer Renaissance (computer equipment), Disc Go Round (CDs), It's About Game (computer games and video games), and ReTool (tools). In the last 17 years at Winmark Corp, John L Morgan has sold an estimated value of $125.62M worth. [7] By a year after joining the company as CEO, Morgan rescued Winmark from the precipice of bankruptcy by introducing stringent review of franchisee finances, shuttering failing Play It Again Sports stores, and appointing his own people to executive and board positions. You can see the complete history of John Morgan stock trades at the bottom of the page. Turn a weekends worth of chores into a profitable endeavor by looking at your items with new (Read: money-hungry) eyes. Its so expensive to incarcerate people. John has made over 79 trades of the Winmark stock since 2003, according to the Form 4 filled with the SEC. The chairman and CEO of Winmark, John Morgan, is a veteran of the business and has proved to shareholders his ability and faith in the company. Who are the customers of your systems stores? However, it's worth noting that insiders have been net sellers of Winmark's shares, and that this has been going on for some time with similar selling over the last five years. No personal checks, Morgan remembers; they only accepted a cashiers check. Click here to learn which [], Looking at the universe of stocks we cover at Dividend Channel, on 2/4/13, Winmark Corp (NASD: WINA) will trade ex-dividend, for its quarterly dividend of $0.04, payable on 3/1/13. Its lease portfolio stood at about $36 million as of December 31, 2012. Robinson Worldwide's Stock Stays on the Move, Should Continue to Grow", "Men make 'sound' investment selling used CDs", "Computer Renaissance gives new life to used computers", "Series of mistakes led chain to have abysmal Christmas", "Company Launches Store That Sells Used Tools", "Tool recycle franchise a boon for the handy", https://en.wikipedia.org/w/index.php?title=Winmark&oldid=1133958310, Play It Again Sports Franchise Corporation, This page was last edited on 16 January 2023, at 08:41. How did they work? what is the recommended ratio for lifeguard to swimmer Plus, as a salesman, I learned early on to take an interest in my customers business. The firm has done a good job representing its clients, whether private or corporate, and as a result, it is well-liked. Bill Cooper [the CEO of TCF] came to us. Quickly, Morgan sold one, Computer Renaissance, a seller of used computers, and dissolved another, Retool, a group of stores selling used tools. They had their lawyer there. In 2010, the housewife filed for Chapter 11 bankruptcy citing $13.5 million in assets and $19.8 million in debts. When the world is chaotic, people intrinsically turn to each other, and by showing your humanity, your brand can stand out as a beacon of hope. Now, the city might start buying garbage trucks, Should the Minnesota DFL fear the electoral reaper? However, there is a big difference between "e-commerce resistant" and "e-commerce won't be coming here.". To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I grew up in that neighborhood. Morgan doesnt dispute this. There was no need for some humble pie, a mea culpa? John Morgan WINA stock SEC Form 4 insiders trading ", "Winmark to open resale stores in the San Gabriel Valley", "Eagan's Style Encore offers curtain call for used clothing", "Bursting at the seams Store: Once Upon a Child moving to new location", "Franchise opportunities open with Winmark", "Playing a New Tune//A Strong Economy Has Made Franchising a Less Popular Business Option. Business is Brisk at Used Instrument Store in Madison", "Candid Winmark leader John Morgan has no filter", "Like a business adviser on your desktop Website wbsonline.com is free now, but owner Winmark hopes to turn a profit with it eventually", "Heard on the prairie The secondhand-store company looks to equipping offices for increased success", "Once again, Morgan delivers the goods Under his control, Winmark posts record earnings", "For $3 million, Grow Biz sells Computer Renaissance concept", "No Stopping Them Couple Continue to Reuse the Idea of Opening Recycled-Clothes Stores", "Dollars & Sense Frugal Fashions At Plato's Closet, everything from Abercrombie to Zumiez sells for a fraction of retail.