NYSE:LEGConsumer Durables
Is Leggett & Platt (LEG) Pricing In Too Much Bad News After Somnigroup Offer Collapse
If you are trying to figure out whether Leggett & Platt at around US$11.40 is a bargain or a value trap, the starting point is understanding what the current share price implies about the business.
The stock has recently shown mixed momentum, with returns of 0.4% over 7 days, 13.7% over 30 days, 3.7% year to date, 59.0% over 1 year, and longer term declines of 58.9% over 3 years and 72.6% over 5 years.
These moves sit against a backdrop of ongoing attention on the Consumer Durables space and...