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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 LXXIIMCon Apr 21, 2015 11:27pm
345 Views
Post# 23651217

RE:RE:RE:The status quo..........

RE:RE:RE:The status quo..........I also strongly agree. They are cherry picking leg knowing it's an EASY $5 sale. Remember this thing was $10 last summer. If your looking at even a 2 year investment, and you believe WTI will average >52 this year, than you should not be in favor of a $5 sale. That being said, although Trent is very technically competent, he is incapable of unlocking the value in this company. I like his personal vested interest in the company, and that he believes in leg's worth, but he needs guidance. From the right board and from the right cfo, neither of which do we have now. If fourfront understands the underlying value in the company, and is thinking long term, then this could be a great development. If not, and they are looking for a quick flip...well that's often what happens to mismanaged companies.
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