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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 justuseron Jul 31, 2012 10:04am
284 Views
Post# 20168508

The sky is falling!

The sky is falling!

As we can see today morning this stock can go 3% down on 50K volume. No-one wants to pick it up when it goes down. I am not sure if 3% is sufficient to clear the trade from paranoiacs but the overall market has no direction so there is high possibility for this one to go down way lower. Volumes are extremely low on individual stocks but Indexes traders are gambling hard this morning. So far did not see any real short squeeze on this stock yet and if there are lots of shorts on it then guys are waiting for it to crash. Scared to pick it up now.

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