|Bid||55.14 x 1000|
|Ask||55.19 x 1000|
|Day's Range||54.75 - 56.81|
|52 Week Range||24.01 - 59.16|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||25.73|
|Earnings Date||Aug 02, 2021|
|Forward Dividend & Yield||1.68 (2.96%)|
|Ex-Dividend Date||Jun 14, 2021|
|1y Target Est||53.75|
It is now my pleasure to introduce your host, Ms. Susan McCoy, Senior Vice President of Investor Relations. Good morning, and thank you for taking part in Leggett & Platt's first quarter conference call.
Leggett & Platt's (LEG) first-quarter performance reflects strength in residential end markets and the Automotive business, strong pricing as well as favorable currency.
The Robinhood trading frenzy earlier this year likely had new investors believing that to make money in the stock market you have to jump on stocks that are hot and bail just as quickly to cement your profits before moving on to the next meme stock. The real value comes from holding on to your stocks for years -- decades is best -- and watching as their businesses grow and appreciate. It's not as exciting as taking a flier on a WallStreetBets stock, but buying good companies that still possess long-term potential and never selling is how you really accumulate wealth.