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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 DEXT3Ron Aug 02, 2012 12:53pm
199 Views
Post# 20177775

RE: 3000 Shares of Legacy

RE: 3000 Shares of Legacy

Hello,

Coming here for advise is probably your first problem.... Shows you don't have a investment strategy.  I don't want to sound mean, but you really shouldn't be investing in highly volatile equities for money you NEED during the short term.... you might as well go bet black/red at the casinos.

That being said, I would hold long into their Q2 earnings.  Insiders buying before a report always seems bullish to me, plus... technicals are looking positive on this play.  I'm trying to get filled right now at 6.08, and will build a position IF it goes lower.

Any rally into or around 7 and you should probably exit, with a smaller loss.  Just my 2 cents, but dont take any advice from bonjovi... hes useless, and spreads info from the puppets on BNN (I think hes off his meds)

 

Goodluck, and enjoy your trip!

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