Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Leggett & Platt Inc T.LEG


Primary Symbol: LEG

Consumer Cyclical
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

Leggett & Platt Inc
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(5912)
•••
Post by retiredcfon May 15, 2012 8:44am
298 Views
Post# 19909272

A Double From Here?

A Double From Here?

Here's CIBC's reaction to the latest earnings. Their price target is a double from here (ie. $14.50). GLTA

 

 

Legacy Oil + Gas Inc.

Q1/12 Results And Creation Of New Alberta Bakken Focused Producer

? Production of 16,370 Boe/d was higher than our forecast of 16,250 Boe/d. Q1/12 CFPS was
.42 per share, slightly below our
.43 estimate. With a higher oil weighting than expected, Legacy realized higher prices, which were somewhat offset mainly by higher-than-expected operating costs.

? Legacy announced that it has entered in an agreement with Bowood Energy (BWD-TSXV), whereby Legacy will sell its undeveloped land in southern Alberta (excluding Turner Valley assets) to Bowood for 200 million BWD shares to form a new entity run by Legacy's existing management team.

? We believe the new entity will provide shareholders better exposure to future positive results in the Alberta Bakken, as we currently believe no value is reflected in Legacy's share price for this play. Elsewhere, Spearfish wells continue to be strong, with wells outperforming our expectations.

? Despite macro headwinds, we believe that long-term investors will be rewarded by the company's suite of exploitation and exploration assets. Legacy is trading at a Price to Risked NAV ratio of 51% and a 2013 EV/DACF multiple of 5.7x (versus the group at 63% and 5.1x, respectively

 

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities