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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

Post by Risky_Businesson Mar 26, 2013 1:19pm
173 Views
Post# 21169471

Margin Requirements

Margin Requirements

TSX listed equities require 30% margin posted if trading at $5.00+

The margin requirement jumps to 50% if share price drops below $5.00 (unmarginable if below $3.00)

I am not sure how quickly the incremental margin is requested by any given brokerage firm.  This margin requirement seems standard across various brokerage firms and would be common knowledge.  The shorts may force the price to this point to trigger additional selling.

Just a thought.

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