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 > check pg 11 of presentation

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Post by MustangMatton Oct 10, 2014 8:33pm

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Post# 23020847

check pg 11 of presentation

With WTI at $80.00 and a Canadian dollar of .85 cents Legacy netbacks $45.43 per boe

Legacy NAV = 2.4 billion

If you value per flowing barrel use: $100,000 per boe (this is consitent with rescent deals Baytex, Crescent point, Legacy)

If you say Legacy is at 27,000 boe/day times $100,000, subtract $815 million for debt and divide by 200 million shares you get $9.42 per share.

Legacy is trading at about 2.5 times cash flow for 2014 and about 2 times cash flow for 2015

Currently trading at .51 book value.

These are facts, have a good thanks giving, cheers Matthew

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