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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 > Notes
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Comment by oilnvstron Nov 02, 2012 8:52pm
171 Views
Post# 20557602

RE: RE: RE: RE: RE: RE: RE: Notes

RE: RE: RE: RE: RE: RE: RE: Notes

Sorry nlr2, you're mistaken. The credit line is set by the ability to pay back the loan, (ie cash flow), not the neccesarily the value of the assets. It appears the bankers were reluctant to loan LEG more money, because they feared the risk of non-repayment was too high. Generally bankers get uncomfortable when debt exceeds two times annual cash flow.

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