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 > Eric Nuttall

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Comment by DEXT3Ron Jul 16, 2012 11:05am

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Post# 20116894

RE: Eric Nuttall

I doubt much has changed.... probably bought more on the way down. There is over 15% short position on LEG. Last time it was shorted at this high of a percentage, shorts covered to around 7% in 2 weeks (around 13mil shares). With daily volume dropping on all market index's expect a major move when shorts cover on this stock..... you're looking at over 15-20 days of avg volume just to cover.