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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 > Where are the Investor Activists?
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Comment by CH4RTQU4NTon Aug 23, 2014 3:44pm
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Post# 22872133

RE:RE:Where are the Investor Activists?

RE:RE:Where are the Investor Activists? LEG is currently trading @ $53,000/BOEPD with an EV/EBITDA multiple of 5x which is moderately undervalued compared to peers, but efficiently priced given a couple of factors.

When you consider that Legacy issued 40 million shares for the June/July acquisitions coupled with the fact that Natgas has been trading below $4/Mbtu for most of the summer I'm not surprised to see the price come down off highs.

LEG is trading at a slight discount and should start rising again with stronger spot prices on the horizon (Oct/Nov) and once the new shares have been absorbed. Overall, buy this dip, but if you want to buy a truly undervalued energy stock then you all should check out Epsilon Energy (EPS) which is 2-3x cheaper than this.

Cheers
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