Leggett & Platt Inc T.LEG

Primary Symbol: LEG

Consumer Cyclical

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.

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Leggett & Platt Inc > Pulverizer

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Comment by zagorskon Jun 06, 2012 10:37am

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Post# 19984994

RE: RE: Pulverizer

With regards to PPY.A it is also worth noting that it has no debt ( $70M cash or $1.00/sh ) and substantial oil producing lands in the Bakken. I believe this gives it a lot of downside protection. Looking at the prices the Chinese, Japanese and Koreans paid to get in on the gas plays in the Montney if PPY.A ever acquires a joint partner for their Montney gas the upside is huge.

I believe the valuation for PPY.A covers off the cash and oil lands in the Bakken but leaves one getting the Montney gas play for very very little in the valuation.

I am looking to add more in both LEG and PPY.A.

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