11-16-2023, 05:44 PM
(11-16-2023, 12:12 PM)EricL Wrote:(11-15-2023, 10:29 AM)ken-do-nim Wrote:(11-15-2023, 09:41 AM)ChadR Wrote: Small initial positions in LEG, UVV, NWN.
LEG looks very interesting. It's -37% for the past 5 years, but with a P/E of 15 and a yield of over 7%, it could be at a bottom. It's at about the same price now as it was in the 2020 market drop.
LEG has a 20-year EPS growth rate of 1.55%, a 10-year of -0.6%, and a 5-year of -5.5%.
The payout ratio is over 100%, and there's a decent likelihood of a cut within the next year.
Just some food for thought.
LEG is an income play in my IRA account. It is a very small position (3 shares). It's more of a tracking position.