Home Consumer  Summary Leggett & Platt remains a hold as macroeconomic volatility, persistent inflation, and a weak housing market limit upside potential despite a cheap valuation. Q1 2026 sales declined 10.2% YoY to $918.2M, but disciplined cost management preserved margins and positive profits, with gross margin flat at 18.6%. The Somnigroup M&A deal is signed but not closed; the implied buyout price offers a 10-15% premium over current levels, capping further upside. Technical indicators show selling pressure has neutralized, and with the current price below the offer, holding or opportunistic entry for the premium is justified. The Good Brigade/DigitalVision via Getty Images Four months had passed since my previous coverage of Leggett & Platt, Inc. ( LEG ), and a lot of things have already transpired.…