8.63532
Shares Owned
$385.24
Cost Basis
-$97.08 (-25.20%)
Total Gain/Loss
$6.90
Earned Dividends
Company Overview
Leggett & Platt (L&P), based in Carthage, Missouri, is a diversified manufacturer (and member of the S&P 500 Index) that designs and produces various engineered components and products that can be found in most homes and automobiles. The firm was founded in 1883, and consists of 15 business units, 23,000 employee-partners, and 145 manufacturing facilities located in 18 countries. – Wikipedia
Why Leggett & Platt?
This company was an easy pick because it fell under the “boring” category. LEG is a producer of many household products that most people use daily, but aren’t aware of. For instance, Leggett & Platt produces seat cushions used in most cars on the road today. As a result, their business benefits from being a supplier of parts, rather than complete products. In addition, due to the specialty of their business there is little competition from other companies impacting their growth potential.
Boring company. LEG is a producer of household products that most people use, but aren’t aware of. As a result, they are instrumental in a lot of products consumers use, but most have never heard of them. Therefore, their business is being a supplier of parts from bedding to vehicle seats. Since their parts are so needed they have a strong business.
Change Log
Dividend = $3.45
April 15, 2020
Dividend = $3.45
January 15, 2020
Invested = $129.17 ; Purchased = 2.49603 shares @ $51.75
December 11, 2019
Invested = $256.07 ; Purchased = 6.13929 shares @ $47.71
October 15, 2019
*New Position Started*