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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 knowsnothingon Jan 13, 2015 2:17pm
164 Views
Post# 23314626

RE:RE:Time to load up the truck

RE:RE:Time to load up the truckIn my opinion and according to many analysts, oil can not stay at this price for long time, don't listen to Golman Sachs who was calling for $130 oil back in the summer. Legacy went down from $2.6 billion market cap to $1.1 (including debt that is). Too many projects have huge debt, if the oil doesn't recover we will have banking crisis. Anyways, assets are very cheap here, expect a fast recovery in the next 2 months. Golman sachs plays the Devil's advocate and usually is on the other side of what they are recommending.  I am on the buy side now.
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