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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 LXXIIMCon Dec 18, 2014 4:36pm
290 Views
Post# 23246228

RE:RE:RE:Who was the financial guru...

RE:RE:RE:Who was the financial guru...Actually he was nowhere close to correct. Leg banking syndicate JUST increased their credit line. They don't increase borrowing base then claim breach of covenants the next day. How long was the price of oil under $55 in 2009? What's been the average oil price in the last 15 years? A banking syndicate would know fundamentals don't support oil long term under $55, but also that oil markets are volatile. EVEN IF oil stayed low long enough to qualify a breach, you think the creditor would seize assets or something? NEVER! Apetroff you probably maxed out your debt, but you make your minimum payment so I bet every month your bank sends you an offer for more credit...point being the covenants are not in real risk of breach and even if they were the banks are not interested in seizing oil and gas assets. Just take a look at countless companies who are far more indebted then Leg with far less NAV, cash flow, and development potential. Sorry hashtag00 but those table pounding breach claims were #bogus. Leg is trading where it is because it's no divi, "moderately high" debt, vulnerable to tax loss selling and probably volatile for a couple quarters.
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