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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 nlr2on Jan 23, 2015 3:09am
251 Views
Post# 23354726

RE:If You Think We Got It Bad

RE:If You Think We Got It BadIf we are screwed with our debt levels, which I doubt, companies like Lightstream and Pennwest are turbo screwed. If Legacy breaches its covenants, which it may, the bank will give us an option to sell assets. The Williston Basin assets, even at a firesale would net us enough to unload most all, and most likely all of the debt. For Lightstream their Bakken assets are garbage and for sale. So we will see what they fetch, their debt is also quite a bit more.
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