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.

NYSE:LEG - Post by User

Leggett & Platt Inc

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Post by terroiron Sep 05, 2013 8:51am

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Post# 21719625

RE:Nice to see.....................

I totally agree, from the point of view of cash flow and asset value, LEG should be a couple of dollars over SGY.

Given the volume in SGY there is either speculation about the next acquisition, or realization that the dividend is safe and the institutional investors are buying the almost 7% return.

The latter reason, and its effect on stock price, is exactly why Legacy would consider the dividend model. Right now it maximizes shareholder value.

I also agree about an outstanding Q3, so I have recently sold SGY to buy additional LEG. Over time valuations even out, so I see more fundamental upside for Legacy.

Terr

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