LEGGETT & PLATT - A Harsh Lesson | LEG STOCK

LEG Stock took a major hit as it lost its dividend king status and slashed the dividend to a nickel.
Dividend investors exited the stock in droves driving the price to lows below the 2020 levels.
LEG stock may now appeal to value investors.
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About the channel - We critically discuss a number of financial topics including the stock market, business, options, bonds, real estate, crypto, long term investing, value investing, dividend investing, current events, historical events, fundamental analysis, and anything to do with money, investing, or personal finance. The intent is to spark a lively discussion in the comments and on discord and give everyone the opportunity to learn and grow. Our philosophy is that normal people can beat the gurus and win with their money!
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The opinions in this video are meant to critique, educate, and entertain, not as an endorsement of any investment.
They are intended to generate a conversation around a topic, not tell any individual what to buy and sell.
Investing is not a one-size-fits-all endeavor. Situations differ.

[@Klausi666]

WOW!

[@digitalekunst4374]

I added them now to my turnaround basket. If they can find some floor regarding the FCF generation it is decent value even without climbing back to old performances.

[@fiscalphilosophy]

Would you consider LEG a value play after the dividend cut?

[@5dbcooper]

Maybe set alert at 10.20 & or look at it again closer to fed cut. Could be a 2x in 8 months from a fed cut. 🤔

[@martinithechobit]

I am in and I hurt. I admit I did not forsee the cut. I believe vf corp cut too. I dca and have 100 shares of leg. Gotta sell covered calls. Just to show you the high interest rates are working.

[@iordanispapoutsoglou3434]

I find hard that you do not have an evaluation but there might be value buying the stock. Recovery plans take years and the stock prices are rocky, so anyone who will buy needs to be prepared for that.

[@christiangardener6073]

Sold leg for +50% loss i bought in about a year ago and i was hoping for a recovery. Management seemed committed to the dividend Similar to walgreens but still cut. My lesson was this: trust the results not the management!

[@bluecollarbullionballer4269]

Simple it is a dying business not to hard to see.

[@jonathanlangford4291]

Dividends are take it or leave it for me. Increases either come from earnings growth or debt. That’s what matters