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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 Roberto8024on Jan 10, 2015 12:19am
284 Views
Post# 23304866

RE:RE:SURGE Not buyiing LEG or anyone else

RE:RE:SURGE Not buyiing LEG or anyone elseYou got common sense and maybe some inside info.  I found out this evening from a friend on a rig that LEG has decided to shut down all drilling by the end of next week.  Not looking good.  This is the death/debt spiral Eric Nuttall was talking about.  They don't have enough cash on the balance sheet to pay debt if the shut in production so they have to produce and sell at a loss until the end comes.  
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