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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 zagorskeon Jan 10, 2015 1:20am
226 Views
Post# 23304919

RE:RE:RE:SURGE Not buyiing LEG or anyone else

RE:RE:RE:SURGE Not buyiing LEG or anyone else      That is the correct thing to do. There is no reason to drill wells which produce large amounts of 1st year oil if the netback is only going to be in the range of $22.00. Even if oil prices go up after one year so much of the well's productivity has been sold off at $22.00 per barrel that the payback period would be stretched to too long a term. Put the cash flow fromm existing wells aside and use it when prices recover.                                                                                                                             
                                                  

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