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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

Comment by nlr2on Jan 04, 2015 3:02am
259 Views
Post# 23283407

RE:RE:RE:RE:RE:Not Too Bad

RE:RE:RE:RE:RE:Not Too BadSeems to me like the real prize in LEG is the Midale assets for growth, and the Turner Valley assets for their low decline nature. The big thing holding them back is the debt. So a potential option would be to sell not only Elmsworth asset but also the Spearfish asset. Both sales would be at firesale prices, and I do like the Spearfish, but realistically until the debt is dealt with we have an issue. Any thoughts on what they could fetch? Perhaps something similar to what EOG got from Tundra? Selling the whole company to CPG would be good with me, then they could focus full time on LGX. Which has been behaving oddly of late.
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