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Strategies & Market Trends : Value Investing

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To: Harshu Vyas who wrote (75737)	6/5/2024 7:55:02 PM
From: E_K_S	Read Replies (1) of 78478

Re: LEG Watch for a 'Kitchen Sink' quarter and that will be the time to buy. I am thinking $9-$8 share price after the bad quarter (w/ several write downs) then back up to $35/share in 18-24 months. They have mentioned middle/end of 2025 for the restructure to be completed. Watch for the announcement of those real estate assets being sold from the manufacturing plants being shut down. Management said that would occur in early 2025. Legacy companies require a restructure/facelift periodically (every 10-15 years) and that is when you can buy 'value'. Problems are generally fixable if all that is required is capital for new manufacturing/production assets. Some times it is a much more difficult problem and it's easy for the investment to become a 'value' trap. ----------------------------------------------------------- LEG will be my 2025 turnaround candidate. Keep your eye on the FCF. If that goes negative, expect the dividend to be eliminated.

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