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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

Comment by Upside123on Oct 20, 2013 6:54am
114 Views
Post# 21831177

RE:Dividend conversion?

RE:Dividend conversion?Zeus55.   When Trent was asked on BNN a short while ago about a possible dividend he answered by saying that their current focus is to get their debt in line with their peers.  Once they achieve that incorporating a dividend may be something they would look at in order to reward investors.  He gave every indication that a dividend is "not" off the table in 2013 and that it could be something they look at in 2014.  Check out the BNN acrchives to see his comments that supports what I just wrote.

There are times when you make good arguments and add value to the board.  That being said resorting to name calling "fools" really isn't necessary just because some folks on the board have differing opinions. 

There are many options to incorporate a dividend if LEG decides to without as you say "bleeding the company dry.  Let's always keep the debates going however, drop the name calling.  It is beneath you.
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