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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 xsd123on Jan 02, 2015 8:55am
219 Views
Post# 23279117

RE:RE:RE:$300,000 payday by the end of 2015

RE:RE:RE:$300,000 payday by the end of 2015
the board are friends of the management, so forget about changes. The real action will come from a group of investor who want to deliever the value t o the investor. This management really lose my confidence an after talking with couple of other shareholder, I am not alone. They miss opportunity of hedging in the time (managing the risk), they are suppose to sell asset before the end of the year (the balance sheet). Finally they pay big stock performance option when they are able to achieve 1,5 D/CF, not on best execution or selling some asset to deleverage this company, but with diluting the shareholder value with acquisition with share. This management is not in control of the company. Seriously, they are good engineer, but they have a big lack in finance. Wish a buyout really soon, but I pretty sure Trent and Matt will not be there for long time...
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