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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 slacker101on Jul 04, 2012 10:54am
228 Views
Post# 20080943

RE: Wow......

RE: Wow......

The shorters have their claws in this one and for now we are $crewed.  They are at it again this morning. This got up to $6.06 this morning and then smartly walked right back down by the same old traders.  Patience is the key here.

I owned Quadra when it was shorted like crazy. I was fortunate enough to have bought at lower levels and then watched a fantastic short squeeze when a takeover was annouced. I sold my stack at $15.52 when the buyout price was $15.00.  I am not suggesting this is going to happen with LEG but one never knows where a great catalyst will come from.

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