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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 FootballFan1on Mar 10, 2015 4:16pm
431 Views
Post# 23506926

Things To Consider

Things To Consider1) I think the key statement in Legacy's March 5, 2015 Press Release was: "The Company has run sensitivities on its borrowing base value and stress tested its balance sheet and continues to expect to be within debt covenants down to oil prices averaging US$52 per barrel WTI through 2015." "expect" = no certainty they can meet their debt covenants at $52 WTI oil. People have to make up their own minds re. what they think the price of oil will average over the rest of $2015. $52 average sounds reasonable, but how close to the edge will LEG get even if oil does average $52...? 2) "Legacy expects to release its 2014 year end operational and financial results Wednesday, March 25, 2015." Q4 2014 results will provide an idea as to the earnings fallout from the oil price plunge during this three month period. 3) What are LEG's Q1 2015 results going to look like...?....oil price looks like it will average less than what it was in Q4 2014.
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