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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 bandit69on May 06, 2013 12:20am
242 Views
Post# 21341816

As I said

As I said

How can a company....such as this one.... Without "real" earnings pay a dividend?  Every single oil co paying a divi is doing it from debt, asset sales, or financings or combo thereof.  Learn to read financial statements it's not that hard and so obvious it's not really that funny.  The chickens are finally comin g home to roost though, tell me what oil company is posting a profit these days? Hmmmm? That's what I thought. 

Combine the above divi scam with the fact that companies with assets are unable to sell them these days since capital markets have dried up and some companies are running out of assets to sell.  Add that credit lines have shrunk and are almost out of room and a big recipe for disaster is approaching.

A fool and his money..........

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