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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 Upside123on Jun 11, 2013 8:59am
155 Views
Post# 21510139

RE: RE: RE: Potential Dividend?

RE: RE: RE: Potential Dividend?

With Paul running both Legacy and Surge they are under a tremdous amount of pressure at LEG to get the SP up.  It will help their loan convenants and the additional market cap will offset their debt ratio's. 

With Surge being up due to the dividend announcment and LEG management seeing this.  They will have to react and add a dividend soon or they will get left in the dust.  Without a higher SP management knows they are at risk for a take out.  Maybe that is their plan???

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