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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 whizkid1on Dec 02, 2011 12:35pm
490 Views
Post# 19287110

RE: RE: Jennings Target

RE: RE: Jennings TargetWell they were right about their forecast for oil prices, as well, 1-yr target price for LEG is $20, but it's probably factored in a possible buy out,

i'm not sure about their long term gas forecasts, only because their is a lot of supply right now with shale gas and all, but they stuck to their guns because when you compare their sept 16th report it was similar to their forecast now.

i think it was already mentioned, eric nuttall thinks fair value for this company is about $15.00/share, but this is considering their Spearfish and Turner Valley play's which don't have much "bookings" (what i thought he meant was that there wasn't any 2P reserves related to those plays)

does anyone know when they acquired the spearfish and turner valley land holdings?  Because this should have showed in their Reserve Report in 2010.

Eric Nuttal's calc for the 2P NAV was $10.25, while Jennings capital calculates it at $11.79, so i'm not sure why there is a discrepency, but if i had to guess they maybe had less undeveloped land, or less warrants?

but even if u avg their 12 month price target it's $17.  I can live with that. 
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