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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 Windrunneron Aug 26, 2014 11:58am
332 Views
Post# 22878570

RE:Number of Shorts Continue to be a Problem!!

RE:Number of Shorts Continue to be a Problem!!According to the latest mid month report on short posions on Legacy, the trend is still downward as 632,950 shares were covered. Still well over 27 million shares have been shorted.  However if trading houses are of the mind to short your stock because you don't like them or they don't like you.  There's not much you can do as a CEO. They are like the FED, they have more money than you and if they want to drive the stock down with 100 - 200 lot shares they can.  Remember they can also buy 200,000 shares back in the blink of an eye. Which happened today too.  

Bottom line is if your unhappy reduce your positions. I may be doing that soon as other stocks are showing a lot more momentum and I can use the profits from this stock to buy the ones on the move.  Showing your emotions on this board is not recommended. There are lots of other stock out there to invest in and stay happy.  Good Luck.
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