For investors seeking dividend and long term return we are ready to buy Leggett and Platt (LEG)
Study this company: http://www.leggett.com/
It's in classic restructuring:
1. No longer growing from acquisition, but from streamlining
2. Yields 5.1%, and company has raised dividend for 38 years
3. This could rise to the 28.00 range in a year, return a dividend, and be a great value stock investment.
4. Watch for any consolidation and slight dip and buy LEG at market price, with a stop loss at 17.00
It's not part of our Shifty Fifty, just a stock we follow well that we think will grow well with economic upturn long term.
