Leggett & Platt Inc (LEG): We Can't Lean On Legget & Platt At T...

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Re: bar1080 post# 26

Wednesday, 01/22/2020 11:48:32 AM

Wednesday, January 22, 2020 11:48:32 AM

We Can't Lean On Legget & Platt At This Price

Jan. 21, 2020 3:39 PM ET
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Summary

I look back at one of my more successful investments for 2019 - Leggett & Platt. Since my last article the stock has more than doubled the S&P 500 performance.

While the company is fundamentally appealing, it's currently at overvaluation both in relation to earnings growth as well as to the historical market premium.

This makes any short-term/medium-term future upside dependent on a continued stock-based outperformance, which i consider uncertain. Leggett & Platt is now a "HOLD".

https://seekingalpha.com/article/4318140-cant-lean-on-legget-platt-this-price?ifp=0&utm_medium=email&utm_source=seeking_alpha

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Recent LEG News

LEGGETT & PLATT ANNOUNCES 1Q 2024 EARNINGS CALL • GlobeNewswire Inc. • 04/16/2024 01:00:00 PM
LEGGETT & PLATT AMENDS CREDIT AGREEMENT • PR Newswire (US) • 03/25/2024 08:10:00 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:47:59 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:44:36 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:41:52 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:38:40 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:35:56 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:33:01 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:30:19 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:27:31 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:23:27 PM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 09:17:51 PM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/29/2024 09:06:48 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:03:14 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 10:11:24 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 10:06:37 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 10:00:28 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:55:07 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:49:16 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:43:41 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:38:14 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:31:41 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:24:49 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:18:02 PM
LEGGETT & PLATT ANNOUNCES EXECUTIVE RETIREMENT AND APPOINTMENTS • PR Newswire (US) • 02/27/2024 09:15:00 PM

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