Relatively High Level of Cash Detected in Shares of Leggett & Platt in the Home Furnishings Industry (LEG, MHK, ETH, LZB, TPX)
Below are the three companies in the Home Furnishings industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Leggett & Platt ranks highest with a CE of $251. Following is Mohawk Industries with a CE of $111. Ethan Allen Interiors ranks third highest with a CE of $87.
La-Z-Boy follows with a CE of $75, and Tempur-Pedic International rounds out the top five with a CE of $72.
SmarTrend recommended that subscribers consider buying shares of Tempur-Pedic International on July 25th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $60.82. Since that recommendation, shares of Tempur-Pedic International have risen 25.7%. We continue to monitor Tempur-Pedic International for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash leggett & platt mohawk industries ethan allen interiors la-z-boy tempur-pedic international