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Saturday, August 3, 2019

Recent Buy LEG

I recently bought 8 shares of LEG for $38.75 per share. In a market where it is a challenge to find value this was a no brainer for me. This is a company I've been following for years. They make metal bed frames but all other furniture and manufactured parts that are featured in automobiles, homes, offices, and aircraft. They are extremely diversified working with a variety of different manufacturers and have been around since 1883. LEG's Dividend has increased for 47 years and the payout ratio is at just 61.1 percent. This for a stock that is currently yielding 4.15 percent. They have had a recent uptick in insider buys and their institutional ownership is 81.95 percent of the stock. Among 6 analysts 3 have LEG as a buy and 3 have it as a hold. The consensus 1 year price target is $46 per share, with a high of $52 per share.


Long LEG


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