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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 slacker101on Mar 06, 2014 8:53am
281 Views
Post# 22287651

Good update, doing what they said...............

Good update, doing what they said...............they would do. No bad surprises but nothing to get overly excited about.  Debt level is still too high. While the time to short this is gone, the road ahead to see nice gains is a long one. Those who bought at $9 and $10 levels have to wait at least 2 years to recover.  No dividend in sight because of the high debt level and will hurt the share price performance.

I think I will wait for October (approximately) to go long.  This will sell off in May and through the summer like every other e & p company.  Instead of having dead money sit here for the next few months, I'll put it somewhere else and come back.

Good luck to all.
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