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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 MBAon Dec 04, 2014 6:15pm
297 Views
Post# 23197220

RE:RE:Management must Act now before it

RE:RE:Management must Act now before it
I talked to them and they have a plan.  Basically survive the downturn - no issue with Chapter 11.  Going to cut CAPEX and the decline rate will concurrently drop.  Will grow the company once the market settles down.

Supply in the world is going to drop even if oil price don't decline any further.  Just look at the current response from all the oil companies.  Huge cut in Capex.  Most not looking to grow production in 2015.  Many will see production declines and a number will go to Chapter 11.  And this is at the current oil price.  A furthe drop will accelerate it even faster. 

As Saudia said, the world oil market will stabize and it won't take long.  Decline rates are just too high with the new shale plays.

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