Fascinating breakdown—this is one of the few recent posts that actually honors the structural tension between short-term impairment signals and long-cycle constraint reconfiguration. I’ve been modeling LEG through a velocity-based asymmetry lens (essentially looking at where internal constraint realignment could outpace market skepticism), and your analysis aligns with the early-stage indicators I’m watching for. If management executes even half of what’s outlined, the feedback loop between deleveraging and valuation multiple normalization could trigger more upside than the broader market seems prepared to price in right now. Appreciate the rigor here—subscribed.
Fascinating breakdown—this is one of the few recent posts that actually honors the structural tension between short-term impairment signals and long-cycle constraint reconfiguration. I’ve been modeling LEG through a velocity-based asymmetry lens (essentially looking at where internal constraint realignment could outpace market skepticism), and your analysis aligns with the early-stage indicators I’m watching for. If management executes even half of what’s outlined, the feedback loop between deleveraging and valuation multiple normalization could trigger more upside than the broader market seems prepared to price in right now. Appreciate the rigor here—subscribed.
Appreciate the compliment and very glad you enjoyed the writing!