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Leggett & Platt Inc T.LEG


Primary Symbol: LEG

Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Company’s segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.


NYSE:LEG - Post by User

Comment by bshort92on Apr 19, 2012 11:42pm
368 Views
Post# 19815309

RE: is this a target?

RE: is this a target?

To evaluate prospective takeover targets is to eliminate all NG focused or oriented forms: CR, BIR, CLT, DEE, FEL, ECA. WFE and WCP as well as NVS.V offer compelling upside with quality light oil focused lands without back breaking debt loads (an issue for LEG) LNV is a well priced possible target. Examine the metrics of FEL's light oil sale last week to a private concern ($114 K per flowing BOE/d) BTE sold 40% of their Wiliston Basin North Dakota production 950 BOE/d plus 150 K (50K net) acres for $311 million yesterday ($327K per flowing BOE/d). You need to be in the desired liquids (light oil) corridors and not have a ton of debt on the books. The acreage must offer upside, perhaps some carry over tax pools and some infrastructure.

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