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

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Post by retiredcfon Nov 13, 2012 6:58am

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Post# 20592055

Nuttall

For those who haven't seen the clip, here's a summary of his comments. I didn't know about the CPP investment. GLTA

2012-11-12

STRONG BUY

LEG-T

Legacy Oil + Gas Inc.

Light oil producer. Operationally they have been doing an awesome job. Last week reported spectacular Q3 earnings above expectations in terms of production growth – 27% in 9 months. Drilling costs are down about 15% and key wells are coming on better than expected. CPP invested in them this week. Came out with a positive contingent resource report. People have been shorting oil stocks. The next catalyst is a reserve report, which he predicts will be very material because several plays have been outperforming. Potential for a dividend in 2013. He predicts 5%. And then they would grow by 7%.