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 > Financial assistance to an officer and director

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Comment by zagorskeon Mar 27, 2015 4:57pm

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Post# 23571031

RE:RE:RE:RE:RE:RE:Financial assistance to an officer and director

The reason Matt got fired was because he allowed LEGACY (and LGX) to become over leveraged to rising oil prices. He did not issue stock when the price was high. did not hedge when OIL was over $100 and allowed the debt to rise far too high while they continued with a very active drilling program. He stubbornly ignored the market and he obviously had no idea of how a low stock price can adversely affect the performance of a company.

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