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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.


NYSE:LEG - Post by User

Leggett & Platt Inc > BNN clip top pick
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•••
Comment by retiredcfon Sep 26, 2013 8:19am
166 Views
Post# 21768922

RE:BNN clip top pick

RE:BNN clip top pick It was mentioned that he just purchased it again a few days ago at $6.50. Also Fidelity sold out (15% of the total stock) which played a large part in the past hammering of the SP. GLTA

2013-09-25 TOP PICK Eric Nuttall

Stock was killed for much of 2012. They have continued to execute. Had 5 quarters where they beat estimates and thinks it will do so again in Q3. For this year and 2014, spending cash flow they will be able to pay down their debt and grow cash flow by about 13%. Feels debt to cash flow will come down to 1.6 times. US investors are becoming more interested when they see how cheap mid-cap light oil growth companies are. Have a 15 year drilling inventory. Value of their known reserves is about $9.50. Through identified inventory that they haven’t booked, they think they can double that. Ultimate potential value of the shares would be in the mid-teens if not higher. He is looking for $9.

 Price:
$6.590
Subject:
OIL & GAS
Bias:
OPTIMISTIC
Owned:
Yes

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