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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

Post by ciretaka198on Feb 13, 2015 2:12am
162 Views
Post# 23425410

I knew a farmer that grew wheat

I knew a farmer that grew wheatHe grew wheat consistantly for many years and found that he could get a better price if he dried it and stored it . So he invested in drying equipment and storage so he could store a years harvest and sell it later in the year. Then weat prices rose and alot of people grew wheat. Then wheat prices went down cause there was an over supply. So he built more storage so he could store two years worth. He was in no hurry to sell cause he was well off. But wheat prices stayed down and he was looking at his harvest and said.There are two things wrong with wheat.Number one is you can only store it for so long a couple of years maybe three.And Number two is that you can,t leave it in the field.
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