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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 nlr2on Apr 03, 2012 2:15am
350 Views
Post# 19751582

RE: RE: BNN

RE: RE: BNN

I'm really impressed and suprised at the low decline on the Spearfish wells. At 1.2 million for 100,000 bbls in reserves and IP 90 of 90ish barrels thats a real nice play for us. Plus the Rundle horizontals are also low decline. We have drilled so far 39 wells this year and using their numbers from the op update we should be showing nice production adds. I totally agree with your qualification. They have the total unrisked NAV of $41 dollars. So in three years production should be up to 24,000 boe/d funded from internal cashflow. Add in waterfloods to slow declines and they could potentially add a dividend. I like our prospects looking out 3 years. Anything less is too random, in the long run its all on our assets and ability to excecute. I like both those things.

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