Recent Sale: Leggett & Platt

Recent Sale:Recent Sale: Leggett & Platt

Price $34.20                     Recent Sale                        November 17, 2022

Investment Thesis

We have sold Leggett & Platt (LEG) based on macroeconomic slowdown. As we enter an economic downturn, consumers will be spending less money on furniture and bedding, and auto manufacturers will sell less vehicles. This means that LEG will enter a more difficult operating environment and will see contraction on its earnings and cashflow.