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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 MustangMatton Nov 08, 2013 10:41am
259 Views
Post# 21888467

RE:Promising start to the day................

RE:Promising start to the day................
Trust me I hear you about the fruastration slacker.  Watching the trading of some stocks makes me wonder.  for example 100 share lot cross trades.  If the broker house has a client that wishes to buy in or sell out of a stock why transfer 100 shares from one account into another account.  It looks really suspect to see half of the trading of a stock 100 share cross trades between the same house.  How easy it would be for a house to work the share price down doing nothing else but cross trading it down on low volume.  Who would stop them, the regulators, are they going to walk into to Government Sachs and check the books?  If it is of any help slacker et al, I look at as though it is meant to frustrate you, it is designed so that we buy high and sell low. 
I wouldn't be opposed to a sale of the company especially if it was a take out from say Crescent point. However, I believe that management in Legacy is solid, I think the go forward plan is attainable.  Legacy does not need a sale or a divy, what Legacy needs to do is continue to execute.  Bring down the debt and become a profitable company, boom this thing will go through the roof, cheers Matthew
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