Replies to post #36 on Leggett & Platt Inc (LEG)

[bar1080]

Equal weight works well in strong times. Expect the largest caps to outperform otherwise. I hit a home-run for my kids years ago by putting some of their funds in QQQ, the NASDAQ 100 index fund.

It would be quite a math task to compute annual rate of return on my LEG. As I recall it was originally acquired as a high yielding bond which had the kicker of being convertible into the then-very obscure shares of Leggett & Platt. When rates dropped, LEG called in the bonds (they were callable) and we converted into LEG common, which then skyrocketed. And that's not counting the great dividends which rose just as fast.

I wouldn't expect a smooth ride for LEG which is dependent on imports from Asia with all that entails.

[bar1080]

LEG soared 8X in the late 1990s as this split history shows. And that's not counting the far above average dividends

"The first split for LEG took place on June 16, 1992. This was a 2 for 1 split, meaning for each share of LEG owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.

"LEG's second split took place on September 18, 1995. This was a 2 for 1 split, meaning for each share of LEG owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.

"LEG's third split took place on June 16, 1998. This was a 2 for 1 split, meaning for each share of LEG owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split."

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