Monday, July 9, 2007

Leggett and Platt

Leggett and Platt is among the world’s largest Home Furnishings sector businesses in the world.  Leggett and Platt’s employees generate $313.9M in profits on $5.476B of revenue.  Global output in the Home Furnishings business will likely rise substantially over the next 10 years.  Long-term economic growth may lift all boats, but Leggett and Platt is determined to remain a market leader.  Sectoral leadership in the Home Furnishings segment takes dedication and consistency, but management seeks out-sized growth.

Leggett and Platt’s ticker symbol LEG has recently been trading near $22.16 a share.  The Leggett and Platt corporate headquarters in Carthage MO predicts Home Furnishings profits will satisfy shareholders in search of risk-appropriate returns.

The significance of market volume is sometimes ignored, but with a total market capitalization of $3.926B ensures sufficient liquidity.  With a beta of 0.83, the company is less volatile than the market as a whole.  When the average equity moves lower, Leggett and Platt moves less aggressively.

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