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 > Notes

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Comment by nijinsky70on Nov 03, 2012 9:10am

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Post# 20558282

RE: RE: RE: RE: RE: RE: RE: RE: RE: Notes

I have a personal line of credit with the bank and the way my financial advisor told me is that its based on both your assets and cash flow. Having the asset is a prerequisite, but you also need the cash flow to service your debt (i.e. pay the interest). It's a balance that they look for in arriving at the amount of the line of credit that they'll grant you.

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