11-17-2014, 05:08 PM
I was just curious as to what people thought about Leggett & Platt in terms of a sell? I'm up a decent amount of money (though I'm not selling because "I'm up"), and the P/E ration is a whopping 72.61 (and set to drop to about 19, according to Yahoo Finance). Between that and its huge payout ratio (209%), I think the company's share price is going to bottom out.
On the other hand, it's been such a reliable dividend payer, constantly growing its dividend, that I would hate to sell it. Plus, there's dealing with capital gains tax. Blegh.
I'm just curious as to what other people's thoughts were. Usually I'm very hesitant to sell, as every business in my portfolio is a revenue generator. But at its current valuations, I'm wondering if it's best to take my money and move it elsewhere.
On the other hand, it's been such a reliable dividend payer, constantly growing its dividend, that I would hate to sell it. Plus, there's dealing with capital gains tax. Blegh.
I'm just curious as to what other people's thoughts were. Usually I'm very hesitant to sell, as every business in my portfolio is a revenue generator. But at its current valuations, I'm wondering if it's best to take my money and move it elsewhere.