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 > Only down 12%...a good day for LEG

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Comment by MBAon Dec 22, 2014 5:39pm

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Post# 23257583

RE:RE:RE:RE:Only down 12%...a good day for LEG

Simple gave back Friday's gains - oil was up big on Friday and now down $2 today so sentiment changed.

As many have said, it is going to be a volatile sector for awhile. Hard to say where oil will trade over the next few months, but in the longer run, it is clear, the price will go back to $70 plus. I don't see $100 for many years to come. This should kill deep sea exploration. As for shale, will grow at a much lower rate and only the more economic plays will get developed.

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