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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

Post by LXXIIMCon Dec 18, 2013 12:57am
286 Views
Post# 22016734

Misalignment???

Misalignment???With so much inside ownership on this BOD it's crazy how misaligned they are with shareholders. $355 mil cash flow and $350 mil capital budget with no money allocated for dividend or debt repayment? The market has clearly shown it does not value this strategy, so I guess we will be stuck trading at these low multiples. Interesting comments by Colborne in Sept. Alberta Venture when asked about converting surge to a divy model he says "after inflection point of 10,000boe/d the growth model becomes difficult to sustain + divy model is more sustainable way to deliver returns to shareholders." Something has to change.
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