Replies to post #26 on Leggett & Platt Inc (LEG)

[conix]

LEG Chart

[conix]

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

Jan. 21, 2020 3:39 PM ET
|

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