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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 AHybridofStreetandStocksmartson Feb 18, 2014 12:10pm
349 Views
Post# 22220330

Legacy has a healthier model than all those

Legacy has a healthier model than all thoseOil and gas companies that raise capital to pay dividends like Surge Oil and Gas for example; will not survive too long.  They they increased their dividend by 4.3 cents to .54 cent/ year by issuing 11,112,000 shares.  Who are they kidding! dilution will more than eat away the increased dividend.

Leg on the other hand, simply reinvests its capital instead of paying disloyal shareholders little dividend to fool them.

Leg will grow organically and will be sold for a good premium within the next two years in my humble opinion (IMHO). $16/share would not surprise me.
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