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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 downwithdotcom1on Feb 25, 2014 10:29am
126 Views
Post# 22247362

RE:As you know, I shorted at $6.28................

RE:As you know, I shorted at $6.28................think u are at least partially right...at least 3 times LEG failed to get past the Hi $ 6.40's so i did sell my 3k shares the last time. for a 55 cent profit. that being said, WHY WOULD ANYONE SHORT at these levels?? trade it, yes ..buy it and then sell it and wait for a pull-back yes, yes, yes but at barely 3x CF, exceeding guidance,a plummeted cdn dollar possibilty of catylsts such as conversion to an income model or outright sale to boost the flagging share price, shorting is all but playing with a hand grenade to grab 10 % or so to the downside (as against potential losses be limitless to the upside) ...hate to say it - but a fool and his money will doth depart....dwdc
p.s. new long position @ $ 6.24
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