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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 himmleron Jan 27, 2014 12:16pm
221 Views
Post# 22138161

RE:RE:RE:Things that make you hmmmm

RE:RE:RE:Things that make you hmmmmYou are correct with some points .However when one reads their last quarterly report there is nothing in there that would suggest trouble,at least at first glance..But look at it this way....they want to increase cap ex,at the same time talk of slowdown in production because of 'spring breakup'.If this company cannot turn a profit,or at least break even,now how can it declare a dividend?A change in mangement as you suggest ,although on a bullboard makes sense,in the real world that is out of our hands .All I'm saying is that although I may agree with you on mangement change,its not the point.
Choose your reasons but a dividend would not be sustainable,either with high debt or  with the way this company is being run now....that was my point.
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