Every investor would love to stumble upon the perfect stock. But will you ever really find a stock that provides everything you could possibly want? One thing's for sure: You'll never discover truly great investments unless you actively look for them. Let's discuss the ideal qualities of a perfect stock, then decide if Leggett & Platt (NYSE: LEG) fits the bill.
In the long run, Leggett will benefit from a stronger economy. Just as high-end mattress-makers Select Comfort (Nasdaq: SCSS) and Tempur-Pedic (NYSE: TPX) have soared with prospects of the housing market coming back and consumers getting ready to shop again, Leggett could also prosper from more cash-rich customers. Once things get back to normal, Leggett should start looking a lot more like a perfect stock.
Source: Motley Fool
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