By Steve Cook
All American Investor
Leggett & Platt (LEG) is a manufacturer of bedding components, residential and office furniture, store fixtures, displays, die castings, specialty wire products, auto seating control cable systems. LEG’s profits have shown little growth over the past 10 years though dividends have increased at an 11%+ rate. Return on equity has been a modest varied from 10-11% earlier in the decade to 6-7% recently. The company has suffered with others producing for the consumer durables industry; however, earnings appear to have stabilized and are expected to pick up in the next couple of years because:
Showing posts with label Leggett Platt. Show all posts
Showing posts with label Leggett Platt. Show all posts
Tuesday, August 24, 2010
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