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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 bonjovi501on Nov 07, 2013 8:26pm
169 Views
Post# 21887006

RE:RE:SP

RE:RE:SPBoy what a terrible day for gold and oil stocks all around. I bought more shares today at $6.69 for the Nov. 11th report which should blow off the doors. I will not sell any shares going forward as Nuttal says we might get re-written and I think he is right. Oil has been taking it on the chin for a long time and according to a guest on BNN today he stated that the American and European clients are returning to Canadian oil stocks slowly. I see the shorts have dropped but not enough for my liking. It is days like this that make me wonder why I am in the stock market but just when you have had enough things pop. Being a day trader is hard and if you are a long term investor days like this are nothing. Just remember why you bought this stock and forget about the day to day noise. Good management.......good properties.......only 3.5XCF compared to many at 6X to 12XCF in the U.S and Canada...and as Trent stated we are growing at least 15% each year. Our only negative is debt which should be reduced by years end to 2.0XCF or under again according to Trent. I look at many U.S. oil companies and they are way overvalued in all metrics against LEG and things will work out soon. Monday the 11th should be an awesome day for sure and a turn araound day. GLTA
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