Is The Leggett & Platt Stock A Good Buy Ahead Of Its Q4 Results?

The Alpha Sieve
4.46K Followers

Summary

  • Leggett & Platt has experienced a challenging twelve months, losing 28% of its value and underperforming the S&P 500.
  • We cover some of the major themes that could dominate the Q4 earnings event, which is due to be held on the 9th of Feb.
  • We close with our thoughts on whether investors should approach LEG stock now.

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Introduction

The diversified manufacturer of various home, industrial, and auto-related components - Leggett & Platt, Incorporated (NYSE:LEG) has endured quite a challenging twelve months, losing 28% of its value at a time when the S&P 500

This article was written by

4.46K Followers
Investment research, primarily oriented towards uncelebrated/under-covered stocks and ETFs, across North America, Europe and Asia. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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