Leggett & Platt Inc T.LEG

Primary Symbol: LEG

Consumer Cyclical

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.

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Leggett & Platt Inc > Oil going to 60 dollars before Jan

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Comment by miner8740on Nov 18, 2014 9:35pm

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Post# 23142285

RE:RE:Oil going to 60 dollars before Jan

Saudi are not going to cut production they need it for social needs
OPEC does not have powers anymore
Leg must cut capexp immediately as the rate of return on new wells could be a lost at 60 dollar oil
management must buckle down for the next 2 or 3 years, and take a cut in salary as well for lack of hedging....is this call too gready assuming oil will hit 130
coal companies crashed now it is oils turn

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