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Opinions John Burke
Leggett & PlattLEGTOP PICKOct 26, 2017
John BurkeOwned
$48.23
Stock price when the opinion was issued
$10.60
As of Jun 12, 2026. Market Open.
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Stockchase Research Editor: Michael O'Reilly
This furniture, bedding and specialty automotive product manufacturer is rebuilding its portfolio. It has completed its divestiture of its aerospace component to focus on what it does best. This will result in overall increased cost efficiencies over the loss of some revenues. Recently reported earnings met analyst expectations as cash reserves grew and debt was aggressively retired - showing the strategy is working. It trades at 8x earnings, 1.3x book and supports a 26% ROE. We recommend setting a stop-loss at $6, looking to achieve $11 -- upside potential of 18%. Yield 2.2%
(Analysts’ price target is $11.00)INDUSTRIAL PRODUCTS
This makes equipment for furniture and carpet padding. Their 2 biggest customers are Ford (F-N) and Toyota (TM-N). They just announced earnings, and revenues were up 6%. Any time you get 6% top line growth, that is terrific. On top of that, they announced that they increased their dividend, which is the 47th year in a row they’ve increased the dividend. Dividend yield of 3.01%. (Analysts’ price target is $53.) All 3 of his picks are below their all-time highs.