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 > James Pasieka

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Comment by nlr2on Jan 09, 2015 2:30am

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Post# 23301109

RE:RE:James Pasieka

The synergy would be primarily in the Williston Basin. Surge has gotten into the Midale in a pretty signficant way, and Legacy is the leader in that play. The other positive would be Turner Valley's low decline would help with sustaining the dividend. The issue is that the combined debt would be 1.3 billion, on around 47,000 boe/d. The other issue is that Surge was in the North Dakota Spearfish and sold it, to Corinthian I believe. Legacy has since acquired Corinthian so there is familiarity.

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