Professional
Added to YB: 2024-10-03
Pitch date: 2024-10-01
LEG [bullish]
Leggett & Platt, Incorporated
-13.47%
current return
Author Info
Night Watch Investment Management is an alternative asset manager focused on global equities, selected based on our in-depth proprietary research. Our investment style is best described as value plus catalyst. Visit their website.
Company Info
Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.
Market Cap
$1.2B
Pitch Price
$13.39
Price Target
N/A
Dividend
2.26%
EV/EBITDA
5.38
P/E
5.50
EV/Sales
0.58
Sector
Household Durables
Category
turnaround
Night Watch Investment Management New Position: Leggett & Platt, Incorporated
LEG: Mattress/furniture component maker hit by housing slowdown. Expect recovery as mortgage rates ease, boosting home sales & furniture demand. Recent dividend cut offers attractive entry. Catalysts: 2025 disposals, cost-cutting. Low value-add business protected by tariffs. Mgmt buying shares.
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