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 > Not great numbers

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Comment by slacker101on Nov 11, 2013 10:14pm

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Post# 21896072

RE:Not great numbers

I don't think FFO will drop 30%. While oil prices have dropped, they are a little below estimates used in estimates and the production is a little stronger. Having said that, it does appear they won't make estimated FFO for the 4th quarter. This should result in some downward revisions in share price estimates. I don't think it will be pretty tomorrow because the shorts are going to be all over this from the get go.

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