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.

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Leggett & Platt Inc > Reality

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Post by poiseon Dec 11, 2014 8:26pm

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Post# 23221905

Reality

The current value of their oil is less than the debt. The SP is now valued at 10 cents.
This is my fifth boom/bust cycle and it's always the same story. Debt laden companies will declare chapter 11 or in other words pursue "strategic alternatives". I am always amazed with the speed of these downturns. It comes like a Thief in the Night.
poise

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