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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 nlr2on Mar 21, 2012 2:28am
679 Views
Post# 19698295

Year End

Year End

Nothing too shocking numbers wise. I like that they have been able to drill 34.8 net wells allready this year. The results to date in the Spearfish are excellent and the amount of running room is compelling. Saskatchewan is working well and the expansion in drilling sites at Star Valley is good to see. Once the waterfloods come on in a combiation with the low decline at Turner Valley Legacy should be able to get off the  decline treadmill, or at least slow it dramatically. The late start to drilling in this year hampered the reserve adds for 2011 but it creates a perfect storm for 2012 as we should get recognition for the work done in the latter half of 2011 plus what is accomplished in 2012. In conclusion I think that the disaster of breakup 2011 and the shadow it cast on our results is now firmly in the past, moving forwards things look pretty good to me. I would like to see a minor acquistion this year something like Fairborne's Manitoba assets. They have enough targets in house that they don't have to do anything though.

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