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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 retiredcfon Jun 21, 2013 7:58am
336 Views
Post# 21553866

Nuttall's Comments

Nuttall's Comments

2013-06-20 PAST TOP PICK Eric Nuttall

(A Top Pick July 16/12. Down 7.22%.) Beat their 2012 guidance, their Q1 guidance and he thinks they will beat their Q guidance and this April drilled 4 of the best wells in all of Saskatchewan. They’ve unlocked their Turner Valley play and getting record wells there. Have also added upwards of 100 at a new play called Midel. Still likes and at this price, that is where the opportunity is.


Price:
$5.010
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
Yes

As per an earlier comment about CPG potentially buying LEG, I would be very surprised as CPG shareholders (of which I am one) have made it pretty clear that they need to spend some time to digest all of their past acquistions. Mind you, with everything currently at firesale prices, if they can gain assets for next to nothing, who could argue. GLTA

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