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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

Post by MBAon Jan 15, 2015 9:32pm
209 Views
Post# 23326135

Poise

PoiseYou mentioned Colbourne in your post yesterday.  I believe Paul is considering all options at this point, but I can't see him including LEG in the plans.  Leg owes close to a $1 billion and that (or a good portion) is simply too much to raise in the market.

Have you heard anything about Colbourne and his deal making?

As for LEG, best bet is a CPG take out.  Just too much debt and oil prices aren't coming back soon.  Seems we got a dead cat bounce yesterday and first thing this morning (pisssed me off  as it sucked me into putting in more cash into LEG, which I said I would never do again)
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