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.

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Leggett & Platt Inc > Update on SHORTS

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Comment by MBAon Jul 19, 2012 5:43pm

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Post# 20132979

RE: Update on SHORTS

Shorting LEG in the $5's would be very risky and clearly many (or someone did). Assumption would be lower oil price future.

Oil is now in the low 90's - I sure wouldn't want to be short LEG at this point so I think you are right and we will see a bit more of a run. $7.00 dollars coming soon.

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