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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 ModelT1on Jun 05, 2013 9:31am
176 Views
Post# 21490057

Comment on the quote.......then guess the company

Comment on the quote.......then guess the company

Resource potential of this company is immense. Has one of the deepest inventories of any company in Western Canada on the light oil side. As a dividend investor, you need a long-term sustainable business and this company has that long-term inventory of oil and gas that can support cash flow generation going forward. They erred when they tried to grow too aggressively to please some shorter-term investors that wanted to see more production growth to pop the share price. Dividend at this level is not sustainable given their capital expenditure profile. However, they are reducing capital expenditures in order to level this out a bit.

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