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Strategies & Market Trends : Value Investing

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To: Harshu Vyas who wrote (75734)6/5/2024 2:14:53 PM
From: E_K_S  Read Replies (2) of 78476
 
Have they bought any stock?

Re: LEG Big insider Buys from the new CEO (really is the old CEO who stepped back in; not always a good thing but worked for Disney)

  1. Karl G. Glassman, the President and CEO of Leggett & Platt, acquired 23,800 shares on May 31, 2024, at an average price ranging from $11.42 to $11.525 per share, totaling approximately $273,147. This significant purchase demonstrates Glassman's confidence in the company's future prospects.
  1. Mark A. Blinn, a member of Leggett & Platt's board of directors, bought 6,000 shares on May 23, 2024, at a price of $10.7399 per share, amounting to approximately $64,439.


From my AI:

who was the new CEO announced for Leggett & Platt, what is the long term succession plan and does it fit in with the recent restructure?

perplexity.ai
Karl Glassman has been appointed as the new President and Chief Executive Officer of Leggett & Platt, effective immediately. He previously served as CEO from 2016 to 2021 and has been with the company since 1982, holding various leadership roles including Chief Operating Officer and President of the Residential Furnishings segment. The long-term succession plan appears to be reinstating Glassman's leadership at the helm, leveraging his extensive experience and deep understanding of the company's markets and operations. This move is aimed at ensuring a seamless transition and setting the stage for profitable growth, aligning with Leggett & Platt's recent restructuring efforts and operational improvements. Glassman's reappointment as CEO fits well with the company's restructuring initiatives. As a seasoned executive with over four decades at Leggett & Platt, he is well-positioned to steer the company towards enhanced profitability and shareholder value, focusing on the ongoing restructuring plan and operational enhancements. The Board expressed confidence in Glassman's ability to generate value and empower teams, indicating that his leadership aligns with the company's long-term goals and strategic direction.
Finished my tax loss harvesting on LEG got prices ranging from $12.15 to $12.50. Will wait 31 days to see if I buy more shares or just keep what I have. On my remaining shares avg cost is $18/share so still high. May add more shares in 31 days, wait another 30 days and sell some of the remaining high cost shares if they are more than 10% from the current price.
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