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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 MustangMatton Oct 03, 2014 10:40am
292 Views
Post# 22995481

What makes me mad

What makes me mad
Is that Trent and company don't buy shares in the open market.  I have never seen Trents name on an insider buy in the open market for Legacy (correct me if I am wrong).  Paul Colburne has bought shares in LEG but not Trent.  The stock is down in the basement and I see no insider buying in Legacy.  I keep thinking the reason the company does not sell out is because of the mega bucks mangement is getting by running Legacy.  I saw a list of top paid CEO's in Canada and Tent was on it.  I forget what position but it was high. 

I would say that, but I also know that Trent and Matt have LGX to go into if they sell Legacy.  I don't know why they wouldn't just sell Legacy and parachute full time into LGX.  I thought they were going to do this a year ago, but it hasn't happened.

I actually agree with you they have had 3+ years to find value in Legacy and they haven't.  You could have bought shares 3 years ago for this same price.  Sell the company and move on.  Cheers Matthew

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