Aug. 29 at 1:21 PM
$LEG this firm is a disaster - they were doing a lot of M&A across numerous end-markets and then stopped in 2022; the stock then fell off a cliff, as they stopped building the business with complementary tuck-in deals, poor execution and weakness in the housing market; they have now left the highest growth market that they were in - aerospace and defense - and become even more cyclical. At this point, they should also sell their auto-seat business, and become a pure-play, focused housing firm - get back to M&A and build-out that business with greater depth.
