Leggett & Platt: Lower Sales And Worsening Margins Are Bad News For This King
Leggett & Platt(LEG) Seeking Alpha·2024-04-14 15:57
gerisima/iStock via Getty Images Investment Thesis Years of lower sales, shrinking ROIC, and declining margins add to the many risks ahead for Leggett & Platt, Incorporated (NYSE:LEG). This Dividend King could even lose its crown if their situation does not improve. Bedding And Bedding Accessories Leggett & Platt is a company that makes various consumer-discretionary products, particularly bedding products like mattress springs, adjustable beds, steel rods, and others. They also offer home furniture produ ...