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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (74712)12/30/2023 10:51:55 AM
From: Paul Senior1 Recommendation

Recommended By
E_K_S

   of 78898
 
LEG. Imo, their DCF valuing LEG at $43 might be close. Debt has been up since 2019. It's a stalwart company; having that excellent dividend history which helps. Earnings are down now, but housing sales will help. Median p/e has been about 19x, which seems very high to me for this company. If earnings can get back up to maybe $2.30, a level co's achieved many times, market will see LEG back on track, maybe, and could reward it with somewhere around its historical level, maybe 18x, or $41/sh.

Stock at $26.15. I'm in with a moderate position, my average cost being $28.58. The good dividend yield keeps me interested.
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