Thursday, August 1, 2013

Chairman & CEO, 10% Owner of Winmark Corporation John L. Morgan Bought 2,000 Shares

Winmark Corporation was incorporated in Minnesota in 1988. It is a franchisor of four value-oriented retail store concepts that buy, sell, trade and consign merchandise. Winmark Corporation has a market cap of $359.8 million; its shares were traded at around $71.90 with a P/E ratio of 26.00 and P/S ratio of 6.80. The dividend yield of Winmark Corporation stocks is 0.20%. Winmark Corporation had an annual average earnings growth of 24.5% over the past 10 years.

Chairman & CEO, 10% Owner of Winmark Corporation (WINA) John L. Morgan bought 2,000 shares on July 29, 2013 at an average price of $68.55. The total transaction amount was $137,100.

John Morgan has been CEO of Winmark Corp. since March 2000. Before, he has served as CEO of Winthrop Resources Corp, a company that he founded from 1982 to 1999. He is also a chairman of Tomsten Inc. and a director of Winmark Corporation.

Also, Mr. John Morgan bought 7,200 shares of WINA stock from April to June. Other Directors and Officers sold shares in the month of July.

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Winmark Corporation announced their 2013 second quarter results. The company reported net income of $4.3 million or $0.83 per diluted share and revenues of $14.02 million.

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