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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 raptor6on Aug 02, 2013 12:25pm
279 Views
Post# 21646687

RE:RE:Quarter + Dividend =

RE:RE:Quarter + Dividend =I can confirm Matt's comments with respect to the potential of a dividend, I also asked if there was a long term plan to deal with debt, he thought that debt ratio to cah flow of 1.85 was not out of line, I thought that ratio was approx 2.5 (I have not yet checked that figure!) he did indicate that we would should see the SP stablelize between now and the new year barring any world events out of our control, he did not say more than that. Other contacts I have spoke to report Most recent well completed in Turner Valley is flowing and holding approx 600 bopd (approaching 60 day cycle) and another showing very good results as well, apparently they have changed their approach in the last year, they are completing these well BARE FOOT, not being a driller at all I understand this to mean they do not use concrete to complete the horizontal section???? either way they are finally getting the results they felt they should be given the money they paid for this play! When growth plays come back into favour we should see an uptick to our SP! Raptor.......
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