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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 Upside123on Dec 02, 2013 12:42pm
151 Views
Post# 21960187

RE:200 dy at $6 - load up the boat

RE:200 dy at $6 - load up the boat I've owned and traded this stock for a long time and have made good money.  The stock unfortunately has evolved into strictly a trading stock.  If you were long 3 years ago?  Guess what!  If you were long 2 years ago? Guess what!  If you were long 1 year ago? Guess what!  And if you were long before the Q3 results?  Guess what!
All those that think this a growth stock the facts haven't supported this for over 3 years.  I have written about thjis before.  The market does not like the story and/or the direction that Trent and management has embarked on.  Investors continue to vote with their money.  LEG has become puely a trading stock.  For day traders this is the kind of volatility you want.  For a long investor? Not so much. A dividend would help however wouldn't fix the long term problem which is current management.
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